Crowdfox, a Cologne, Germany-based B2B and B2C e-commerce platform, raised €4.7M in Series A funding.
The round was led by Takkt Beteiligungsgesellschaft mbH, which provided a €2m convertible bond.
The company intends to use the funds to further expand operations.
Led by Wolfgang Lang, founder and CEO, Crowdfox, Crowdfox is a shopping site where merchants sell for free and members can buy every product they desire for the best price. If members combine their power with the Crowdfox crowd-shopping-option, they will get even more discount on the already low price anyway.
Over 6.5 million items including smart watches, PCs, smartphones as well home related items and beauty products are currently listed on the platform.