Today in Germany: Instana, Muume, Lovoo

Screen Shot 2016-06-08 at 17.06.42
Screen Shot 2016-06-08 at 17.06.42

Instana Secures $6 Million Led by Target Partners

Munich- and Solingen-basted Instana is a startup for application performance monitoring with its business headquarter in San Francisco. Today, it announces a $6 million investment round led by Traget Partners in participation of Codescentric, a German IT consulting firm.
[press release, pehub]

MUUME Successfully Completes Series A Round Over €2 million

Switzerland-based (yes, that’s next door, but close enough) fintech company MUUME receives €2 million investment. The round was lead by Heliad Equity Partners, with participation of entrepreneur and investor Hans Thomas Gross and Family Office Keller. The startup aims to make shopping and paying easier for consumers and businesses. That happens though providing services for product information, product presentation, offline or online shopping and, in both ways, ordering or paying. The investment will be used for expansion.
[press release, bobsguide]

Police raid premises of Lovoo

According to media reports, this morning, Lovoo‘s office in Dresden got unusual visitors: Prosecutors had ordered the raid of the office and 16 other properties (Dresden, Berlin and Nuremberg), and arrested the company’s founders Björn and Benjamin Bak. Also, twelve individuals have been accused of commercial deception. Prosecutors say the company places fakes profile in order to make users pay. The company decided not to comment on the current investigation. The website is offline.
[The Local], [Gründerszene]

Image: Screenshot Instana