Tictail, a Stockholm, Sweden e-commerce platform, raised €600k ($820k) in funding.
Project A Ventures, the Berlin, Germany-based company builder, is the new partner and will be involved with Tictail on a strategic and operational level.
In addition, Project A’s co-founder and Managing Director, Florian Heinemann, joined the advisory board.
The company intends to use the funds to continue to expand globally.
Created by Carl Waldekranz, Kaj Drobin, Birk Nilson, and Siavash Ghorbani in May 2011, Tictail provides a free-to-use DIY e-commerce platform that allows individuals and retailers to set up their own virtual store.
The company has seen over 28,000 online stores created in over 110 countries since its launch in 2012.
22/10/2012: Tictail Raises €1.2M in Seed Funding