US-based e-commerce technology startup Shop.co has completed a $7m seed round that included German state-backed banks Sparkasse Dortmund and NRW Bank, and which valued it at $27m.
Founded in Germany in 2015, Shop.co has developed technology that enables online shoppers to pay for goods or services from a range of platforms in a single online shopping cart.
An undisclosed German family office and Germany-based celebrity asset manager also took part in the round along with various senior partners and advisors from consulting firm Boston Consulting Group, and angel investors Fabian Thylmann and Panya Putsathit.