Germany-based e-commerce company Tausendkind has obtained an unspecified sum of several million euros from investors including media companies Mediengruppe Oberfranken, and Rheinische Post Mediengruppe, Gründerszene has reported.
The round also featured PDV Inter-Media, the corporate venturing arm of media company Mediengruppe Pressedruck; Capnamic Ventures, the venture capital firm managing funds for media group M DuMont Schauberg; Iris Capital, backed by telecommunications company Orange and PR firm Publicis; IBB Beteiligungsgesellchaft; and Nicole Junckermann.
Mediengruppe Oberfranken invested through its corporate venturing arm MGO Digital Ventures.
Founded in 2010, Tausendkind’s online shop offers some 300 brands ranging from baby products to young children’s toys and books. The new capital will be used to expand the product range and improve marketing efforts.
Gatcombe Park Ventures, IBB and Agraria Beteiligungsgesellschaft invested an undisclosed amount in Tausendkind in 2011, after the three had funded a 2010 round for the company.
Publisher Gruner + Jahr, which acquired a 25% stake in Tausendkind in 2013, concurrently announced it has sold all of its shares.