AAA Lieferheld chews on German funding

Lieferheld chews on German funding

Lieferheld, a Germany-based food company, has raised €4m ($5m) from the newly-independent corporate venturing unit of publisher Georg von Holtzbrinck, German food retailer Tengelmann and venture capital firm Team Europe Ventures.

In December, Holtzbrinck and Tengelmann sold their stakes in online retailer Brands4Friends. Holtzbrinck Ventrures raised its first independent fund earlier this year, with backing from the its former parent.

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