Productsup raises Euro 65 million in Series B financing round
Berlin — Productsup raised Euro 65 million from Bregal Milestone and Nordwind Capital. “The investment will enable Productsup to further advance its product development, take advantage of merger and acquisition opportunities, strengthen its partner network, and expand into new markets to solidify its position as the leading global solution for retail success,” the company shares. The Berlin-based company, founded in 2010 by Kai Seefeldt and Johannis Hatt, handles “data integration in e‑commerce.”
In the previous financing round, Nordwind Capital and Deutsche Handelsbank invested around EUR 18.5 million in the company, which was founded and is managed by Vincent Peters and Stefan Sonntag and currently has around 250 employees.