Gründerszene Weekly: Funding for Guut, Telekom integrates Kaufda, Acton invests in Frontline, Paua in Speach, Otto in Ratepay
In this week’s top stories: live shopping portal Guut receives funding from three private investors; Deutsche Telekom integrates the sales offer coupon distributor Kaufda into its ’shopping world‘; Acton Capital Partners invests in Frontlineshop; Speach completes funding round with Paua Ventures; and the Otto Group backs payment service Ratepay.
Funding round at Guut.de
The live shopping portal Guut has successfully completed a funding round with three private investors on board: Helmar Hipp (who formerly invested in KennstduEinen.de), Dick Schornstein (Holtzbrinck eLab and Pointoo) and Klaus Abele. The site is a deal of the day platform similar to Woot.
Deutsche Telekom teams up with Kaufda
Kaufda, which offers online coupons and sales offers from retailers, has been integrated into Deutsche Telekom’s editorial portal T-Online. Users within its ’shopping world‘ can search for items and then are served results from Kaufda, which finds coupons in the offline world and makes them available online. The hook up with T Online should provide Kaufda with an enormous sales boost – the portal averages over 18m uniques a month.
Acton Capital invests in Frontlineshop
The online shop for streetwear Frontline has attracted fresh capital from Acton Capital Partners, the corporate venture capitalist arm of Hubert Burda Media. Frontlineshop has declared sales of 30 million euros, which would make it one of the market leaders in its space.
Paua Ventures invests in Speach
The bonus program site Speach has completed a funding round in the six-digit euro range. Investment came from Munich-based VC firm Paua, which now holds just under nine percent of Speach Media GmbH. Founded in 2009, Speach combines online shopping with mobile communications.
Otto steigt bei Ratepay ein
The payment service Ratepay – a German clone of the US startup BillMeLater – has found a new German VC partner in the Otto Group. Through its subsidiary EOS, Otto now holds 51 percent of the shares. Ratepay provides payment methods for online merchants that assume the risk of default. In February this year the Samwer brothers launched a rival clone, BillPay.