Holtzbrinck and Battery invest $4.2m in Zeitgold

With the funding, Zeitgold aims to develop its artificial intelligence applications in its SME financial administration products and expand its services outside of Germany.

The company's current customers include restaurants, retailers and craftsmen, according to a company statement.

Company
Founded in 2015, Zeitgold is a Berlin-based startup fintech company providing financial administration services for SMEs.

Zeitgold's offering encompasses accounting, bookkeeping and reconciliation of invoices, through a combination of advisers and artificial intelligence.

People
Holtzbrinck Ventures – Jasper Masemann (principal).
Battery Ventures – Itzik Parnafes (general partner).
Zeitgold – Stefan Jeschonnek (co-founder).

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• Topics
• Expansion
• Support services
• DACH
• Holtzbrinck Ventures
• Battery Ventures
• Germany