US VC Accel Partners leads $8 million Series A round in dashdash

Cate­gory: Venture Capi­tal
17. May 2018

London/ Berlin/Frankfurt a. Main — Funds mana­ged by Accel Part­ners (“Accel”), toge­ther with other co-inves­­tors, have inves­ted in start-up dash­dash in a Series A finan­cing round. Accel Part­ners was advi­sed by the law firm Henge­ler Mueller.

With Dash­dash, the two foun­ders Torben Schulz and Humberto Ayres Pereir want to create the possi­bi­lity for employees to build their own cloud-based web apps without any programming know­ledge. The product deve­lo­ped by the company is desi­gned to enable users without programming skills to deve­lop inter­ac­tive web apps them­sel­ves. Many people alre­ady use these Excel spreadsheets, for exam­ple for finan­cial plan­ning or to record a busi­ness plan. dash­dash was foun­ded in 2016.

In its current Series A funding round, Dash­dash has raised eight million dollars. The round was led by promi­nent VC Accel Part­ners. The Berlin-based funds Cherry Ventures and Atlan­tic Labs also parti­ci­pa­ted, as did angel inves­tors inclu­ding Felix Jahn, foun­der of Home24, and David Schnei­der, co-foun­­der of Zalando. Cherry Ventures, Jahn and Atlan­tic Labs had alre­ady been invol­ved in the company since a pre-seed finan­cing from last year.

About Accel
Accel is one of the major U.S. venture capi­tal firms, foun­ded in 1986. In addi­tion to its Sili­con Valley head­quar­ters, Accel Part­ners has addi­tio­nal offices in London, Beijing, Shang­hai and Banga­lore. In addi­tion to biotech­no­logy and medi­cine, invest­ment fields also include the energy indus­try, mobile commu­ni­ca­ti­ons, media and many more.

Advi­sor Accel Part­ners: Henge­ler Mueller
Henge­ler Muel­ler advi­sed Accel on the tran­sac­tion. Part­ner Dr. Georg A. Frowein (Frank­furt) and asso­cia­tes Clemens Höhn (Berlin) and Loretta Lang (Frank­furt) (all M&A/Venture Capi­tal) were active.

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