The Berlin-based rental commerce startup Grover secures a € 20 million asset-backed financing through the Eiffel Investment Group. The company, a rental entertainment electronics company, was founded in 2015 by Michael Cassau. Customers can use the rental model for tech equipment as an alternative to buying or financing technology. The investment should be used to finance the rising demand of up to 30 percent per month.
Felix Capital, Cherry Ventures and Cassius Capital are investing 5.6 million euros in the London Startup Manual, a platform that aims to improve the lives of men by providing knowledge and solutions to problems and questioning obsolete concepts of masculinity. Manual was founded in 2018 by George Pallis and Michalis Gkontas. Among other things, the investment will go into development and growth. (Source: Techcrunch)
High-Tech Gründerfonds, TRUMPF Venture, Swiss Startup Group and Zürcher Kantonalbank are investing 1.9 million Swiss francs in the 3D Eye Tracking Startup Eyeware. The new capital is expected to drive the development of the end user’s 3D Eye Tracking Development Kit and will be used to expand corporate partnerships in the US and China. The company was founded in 2016 as a spin-off of the Idiap Research Institute.
Holtzbrinck Ventures, Dutch Founders Fund and various Business Angel invest a seven-figure amount in the Berlin startup Caya. In addition, the management will be expanded to include Louis Pfitzner and Phillipp Rechberg (formerly Treatwell). The company was founded in 2017 by Alexander Schneekloth and is a provider for the digitization and archiving of mail.
The existing investors Bayern Kapital and High-Tech Gründerfonds, as well as the new investors Vesalius Biocapital, MII Mulcan International Investments and one of the five largest hospital chains in Germany and Europe are investing over 3.6 million euros in the Munich-based medical technology startup Mecuris. The company, founded in 2016 by Simon Weidert, Wolf-Peter Werner, Felix Grundlack and Manuel Opitz, specializes in the digitalization of prostheses and orthoses.
The Hanoverian media group Madsack invests in the Essen startup Abihome and secures 33% of the company’s shares. Abihome, a service for high school graduates, was founded in 2004 by Johannes Kautz. Together with Madsack, the company plans to further expand its market share for existing services and to develop further new offerings.