Today in Germany: Locafox raises, Gruner + Jahr invests

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Locafox raises a new round

The local shopping platform Locafox raises several million euros. The round was led by existing investor Holtzbrinck Ventures and a new one: Deutsche Druck- und Verlagsgesellschaft.
[Gründerszene] (German)

Gruner + Jahr invests €50 million in mutual fund

The Hamburg-based publishing house Gruner + Jahr will give away 50% of the fund in cash, the other 50 % will be invested in its media budget. Gruner + Jahr is mostly interested in startups focussing on living, food, family and advertising.
[Gründerszene] (German)

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