Contorion, the Germany-based operator of an e-commerce platform for industrial and repair products, has raised a double-digit million euro (€1=$1.10) amount in a series B round featuring metals distributor Kloeckner & Co.
The precise amount raised by Contorion was not disclosed. Kloeckner provided its contribution through its corporate venturing unit, Kloeckner.v, investing in the first tranche of the round with Project A Ventures and Bauer Venture Partners in July this year, before Endeit Capital added an undisclosed sum.
Contorion runs an online platform that supplies maintenance, repair and operations products to small and medium-sized businesses. Launched in August 2014, it serves more than 150,000 customers across Germany and Austria, and lists some 300,000 products.
The funding will be used to grow the company’s product range and expand domestically, scaling its sales and marketing at the same time. Contorion also plans to strengthen its customer segmentation and data analytics technology, as well as its customer offers.
Project A Ventures provided an undisclosed amount of seed capital for Contorion prior to the platform’s launch. The startup has not disclosed details of any funding between the seed and series B rounds.