Today in Germany: Project A, Legalbase, Bonify


Project A closes 140 million euros fund

Company builder Project A, who also describes itself as a “Operational VC”, closed a 140 million euros round, which will lead to investments between 300,000 euros – 5 million euros. A separate 40 million euros fund is used for follow-on investments. Project A focusses on “consumer internet and digital infrastructure, in particular marketing technology, and B2B-centered marketplaces”.
[TechCrunch], [Gründerszene] (German)

 Legalbase files for bankruptcy

Cologne-based Legalbase offers a platform to pick a lawyer. After a 2 million euro investment round didn’t take place, the startup now has to file for bankruptcy. However, the 17 employees hope another investment will take place. As of right now, founder Daniel Biene explains, he’s not ready to give up.
[Gründerszene] (German)

Bonify raises 5.5 million euros

Berlin-based Bonify offers its clients a service to keep track of their validity. While that is free, the startup gets a commission on personalized offers, e.g. for insurances or phone contracts. Now, the startup got a 5.5 million euros investment, which was led by London-based Mosaic Ventures and Palo Alto-based Ribbit Capital. Index Ventures, DN Capital, HW Capital and the founders of Zalando and Raising participated as well. The investment will be used for tech improvement and marketing.
[Gründerszene] (German)


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