Holtzbrinck Ventures, a spin out from media parent Georg von Holtzbrinck Publishing Group, and early stage venture capital investor Sunstone Capital have invested in a €10m ($13.2m) round for Paymill, a Germany-based online payments company incubated by Rocket Internet. Other investors in Paymill are Rocket Internet and RI Digital.
Mark Henkel, chief executive of of Paymill, said: “The investments by Holtzbrinck Ventures and Sunstone Capital reinforce our leading innovative position in the European online payment market and will help us to continue our rapid growth, especially, we will use the funds to further improve our technical platform and to enhance our customer care. It’s our goal that everyone can accept online payments fast and easily.”