German Startups Group et al. back sporTrade

The round is understood to be worth around €500,000. IBB's investment was made via the €30m VC Fonds Kreativwirtschaft Berlin fund. IBB and Lochmann were already investors in the German start-up.

The capital will be used to expand the company's client base and range of products.

sporTrade also started fundraising on crowdfunding platform Companisto on 19 August. The business is aiming for an overall investment of €25,000 and has so far collected €8,850.

Company
sporTrade is an online platform that offers customers a range of sport fashion brands and sporting equipment, allowing them to compare prices from a range of retailers. It currently links to the products of 133 different retailers. The platform also allows customers to sell their used sport equipment.

sporTrade is based in Berlin and was founded in 2011.

People
Christoph Gerlinger is CEO of German Startups Group. Frieder Ahrens is a junior investment manager at IBB. Helge Hinrichs and Stefan Moosleitner co-founded sporTrade.

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