UniNow GmbH, a Magdeburg, Germany-based provider of a mobile app for students to organize their day-to-day university life, raised €1m in funding.
IBG Fonds (IBG), which is managed by bmp Beteiligungsmanagement AG (bmp), made the investment.
Co-founded by managing directors Tobias Steenweg and Stefan Wegener as a spinoff from the University of Magdeburg, UniNow provides an app that gives students access to information from different university IT systems automatically and centrally.
Tha app is already being used at 10 universities.
The company will use the funds to expand adoption of the app into additional universities in Germany. Over the next half year, the company expects to connect up to 15 additional universities and their systems per month. By the half of 2016, 100 universities in Germany should be accessible via UniNow.