Retail group Tengelmann has exited Germany-based retail analytics software provider Metoda in an acquisition of undisclosed size by Maxburg Beteiligungen III, a fund managed by private equity firm Maxburg Capital Partners.
Founded in 2012, Metoda provides software that enables retailers to track product pricing, availability, shipping cost and delivery times against e-commerce portals like Amazon without violating data protection regulations.
The company raised an undisclosed amount in a 2013 seed round featuring TEV, an offshoot of Tengelman’s corporate venturing unit, Tengelmann Ventures, as well as venture capital fund High-Tech Gründerfonds (HTGF), Bavarian state-owned investment firm Bayern Kapital and unnamed angel investors.
TEV, Bayern Kapital and HTGF subsequently returned to provide an undisclosed amount of series A funding for Metoda two years later.