DACH Unquote
IBB, WestTech et al. in €1.5m seed round for Fliit
Company plans to adapt its distribution system to expand into other areas
HTGF and IFH sell 51% stake in Bentekk to Dräger
HTGF and IFH invested in a six-figure seed funding round for Bentekk in May 2016
Redalpine leads €3m series-A round for Zenjob
Extra capital will be used to expand Zenjob's operations out of the capital and across Germany
Luxembourg becoming a hub for German funds
GPs are increasingly chosing to domicile funds outside of Germany as fundraising in the country gathers pace
Advent and Bain acquire Ratepay
Ratepay will be integrated with Concardis, another joint acquisition by Advent and Bain earier this year
Speedinvest backs Bikemap
With the new investment, Bikemap will attempt to accelerate its growth through further internationalisation
DACH proves its value with highest volume increase rate in 2016
Buyout activity in the DACH region witnessed the highest increase rate in deal volume across Europe in 2016
Nordwind acquires B2B
GP will take a majority stake in the buyout along with the company's founders and management
Hannover Finanz exits Astyx to ZF Friedrichshafen
Exit from ultra-high-frequency sensors business follows a 17-year holding period for the GP
3TS leads €2.3m round for Parsek
Parsek plans to use the fresh capital to grow its sales and business development activities across EMEA
Earlybird leads $10.5m series-A for Shapeshift
New capital will be used to expand the team with a view to releasing two more exchange products in 2017
DBAG buys two radiology practices
GP will merge the practices into a new group, securing a 56% stake in the new company
HTGF et al. exit Cumulocity in trade sale to Software AG
Adding Cumulocity's technology to its service offering will complete Software AG's IoT software portfolio
Keen Ventures leads $8m series-A for Beekeeper
Funding will be used to expand in the US and EMEA, hoping to reach 2 billion non-desk workers
Tengelmann et. al in second round for Ottonova
Ottonova will use the extra capital to continue to develop and launch its health insurance platform
Arax invests €550,000 in Unicope
Austrian VC house Arax Capital Partners backed the cloud communication software company with €550,000
Ares in $70m debt round for Soundcloud
Company will look to expand its technology and personnel resources to match expected growth
Berliner Volksbank in round for Figo
Figo will use the extra capital to develop a regulated fintech platform that conforms with new regulation
Innovationsstarterfonds, HTGF in second round for Cloudplan
Cloudplan will use the extra funding to roll-out its product internationally, initially in the US and Europe
DVH Ventures backs NDGIT
NDGIT will use the extra capital to expand its sales efforts while continuing to work on product development
Warburg Pincus buys 35% stake in Avaloq
Deal marks the third acquisition across the European fintech sector for the New York-based fund manager
Global Founders in €10m series-A for Mycs
Investors in the funding round include US-based software developer TriPos and several business angels
Stada tells PE bidders to improve offers
German drug manufacturer reportedly received offers from Bain/Cinven and Advent/Permira consortiums
3i invests €120m in Lampenwelt
Deal for German lighting company sees existing co-owner reinvest alongside incoming chair