IBB joins HTGF and Mangrove in ezeep investment

Harriet Bailey
30 April 2014

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IBB has joined existing investors High-Tech Gründerfonds (HTGF) and Mangrove Capital Partners in a funding round for Berlin-based cloud print management company ezeep.

The fresh capital will be used to strengthen ezeep's presence in the cloud print management space, as well as to open a US office later this year.

IBB financed the deal using its technology development programme Pro Fit (Programme for the promotion of research, innovation and technology), a funding programme investing in SMEs headquartered in Berlin.

This is the second deal of 2014 in which IBB has backed a company with previous investment from HTGF and Mangrove. In February, all three investors took part in a €13m series-B round for Berlin-based Outfittery, an online shopping and style consultation service for men.

Previous funding
HTGF conducted an initial investment of €500,000 in the company in October 2011, followed by backing from Mangrove in November 2012.

Company
Founded in 2010 by CEO Sascha Kellert, ezeep offers cloud print management for SMEs. The company's service locates printers across an office network, enabling users to conduct mobile and driverless printing. ezeep aims to be easy to use and save companies time and money.

Used in more than 12 countries, ezeep has also announced a distribution partnership with Europe's third-largest IT distributor Also.

The company employs 15 staff at its offices in Berlin.

People
Sascha Kellert is CEO at ezeep. Curtis MacDonald led the deal for HTGF and has a seat on the ezeep board of directors. Michael Jackson led the deal for Mangrove.