Crowdfox, a Cologne (Köln), Germany-based next generation online marketplace, raised €5m in funding.
Backers includes Dr. Axel Meyer, Dr. Thomas Fischer, Peter Hartkopf, Manon Goo, Arndt Geiwitz and Dirk Pahlke, among others.
The company intends to use the funds to expand operations in Germany and launch abroad.
Led by CEO Wolfgang Lang, COO Dirk Schäfer, Stefan Marketer Lenhof and CTO Andreas von Oettingen, Crowdfox is a club leveraging automated and semantic matching processes to provide fair product and price data and a better relationships between merchants and members.
Crowdfox already processes more than 500 million merchant, product and price information a day.