humangrid GmbH, a Dortmund, Germany-based service provider that utilises the know-how of qualified internet users to flexibly and efficiently execute business processes, has received a further €500,000 capital injection from Finance Partners CFP & Founders Investments.
This latest capital increase, which adds to the €3m funding raised from both existing and new investors in March 2010, will enable humangrid to expand into new markets and gain new customers. The company entered the German market in mid 2009 and the US market in early 2010.
Created in 2006, humangrid’s business model is based on the crowdsourcing principle. An internet platform enables contracting companies to outsource work on larger projects such as text creation, product classification, data recording and search, to freelance workers.