HTGF backs Stuffle

HTGF typically invests €500,000 in first rounds. The company will use the funding to promote its product and release a new version for Android systems.

Stuffle had already received a six-figure investment from entrepreneur Tim Schumacher a few weeks prior to this round.

Company
Stuffle has developed a mobile app for the trading of used goods, based on the idea of a flea market. Since launching for iPhone, iPad and iPod Touch in 2012, the app has been downloaded almost 150,000 times and has traded goods worth approximately €4m in total. Stuffle was founded in Hamburg in 2012 and currently employs 15 people.

People
Andreas Quauke is a senior investment manager at HTGF. 

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