AAA Studitemps has time for $13.5m series C

Studitemps has time for $13.5m series C

Germany-based student job platform Studitemps has closed a €12m ($13.5m) series C round featuring XAnge, the investment arm of postal delivery company La Poste.

Iris Capital, a venture capital firm backed by telecoms company Orange and marketing firm Publicis; Seventure, an investment subsidiary of bank Natixis; and venture capital firm B-to-V also contributed.

Founded in 2008, Studitemps’ platform enables students to find temporary jobs. The company will use the fresh funding to continue development of its technology, expand to new locations across Germany and hire more staff.

Studitemps hopes to also use part of the funding to support an expansion into other geographies, though it has not yet disclosed which countries.

In 2013, XAnge, B-to-V, Seventure and online car marketplace Car4You invested an undisclosed amount in a series B round.

Seventure led a €3m series A round in 2012, which also featured Holtzbrinck Ventures, the former corporate venturing unit of media company Georg von Holtzbrinck, B-to-V, and investment firm Raffay & Cie.

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