HTGF et al. invest €1m in Minubo
High-Tech Gründerfonds (HTGF), US venture firm Tola Capital and pan-European accelerator Seedcamp have invested €1m in Minubo, a business intelligence services provider.
The private equity houses invested alongside a number of business angels.
HTGF usually injects €500,000 in portfolio companies.
Seedcamp is a London-based so-called "super angel fund" – the Europe-wide trend of venture networks run by entrepreneurs or VCs.
Company
Minubo is run by nextel BI Solutions, a firm providing e-commerce analytics for mail-order and online retailers. Both firms are based in Hamburg.
Minubo aggregates its clients' data in a hub, ready for analysis. It is then able to provide metrics such as sales trends to its customers, enabling them to improve their performance and increase growth.
People
Michael vom Sondern is managing partner at Minubo. Reshma Sohoni is managing partner at Seedcamp. Sheila M Gulati is the founder of Tola.
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