Berlin company builder Project A secures funding for two startups2014-01-29 0
Berlin-based company builder Project A has won over two new investors for portfolio company Kyto, a B2B marketing service. According to online magazine Deutsche Startups, Bauer Digital and Creathor Venture have invested an unknown amount in the recently-launched startup.
Kyto isn’t the only Project A startup to receive fresh capital – Realytics GmbH, an analytics provider for offline retail companies, has apparently secured funding from newly-launched VC Berlin Technologie Holding. Once again, the amount of funding is unknown.
It’s the second investment in a short period of time for the Berlin VC – just last week it announced a €750,000 investment in iBeacon startup Sensorberg. Berlin Technologie Holding plans on using its two-figure million fund to provide Series A financing for technology startups. The VC aims to make seven investments per year.
Launched by ex-Rocket Internet managers, Project A received a €30m investment from publishing group Axel Springer last year. In a similar fashion to Berlin-based company builders Rocket Internet and Epic Companies, Project A both invests in companies and sets up new ventures itself.
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