minubo, a Hamburg, Germany-based provider of an eCommerce business intelligence solution, raised a seven figure funding round.
Backers included High-Tech Gründerfond, Seedcamp Investments and Tola Capital as well as business angels Alexander Bruehl, Stephan Schambach, Mirko Caspar, Dirk Graber, Christian Luhmann, Hubertus Bessau, Philipp Kraiss, Max Wittrock, and Dominik Gyllensvärd. According to reports, the round amounted to €1m.
The company intends to use the funds to expand opertations.
Led by Lennard Stoever, CEO, minubo provides online retailers with a Business Intelligence as a Service solution that works as a central data hub to create visibility in the entire process between acquisition costs and sales margins. Key metrics include automated reporting based on aggregated data, best practice metrics, detailed ad hoc analyses for optimization of strategic and operational business processes.