DN Capital, Target Global, Atami Capital and Davidson Technology Growth are putting up EUR 8 million plus options in the current financing round for BOOK A TIGER.
• Focus on technology and B2B business pays off – BOOK A TIGER is using capital for further expansion of its facility management platform.
Berlin, 15.11.2017 – BOOK A TIGER, Germany’s first digital facility services company for small and mid-sized companies as well as private households, has secured fresh capital amounting to EUR 8 million plus options for additional funding in a Series B financing round. This new investment is earmarked for further expansion of the facility management platform.
The BOOK A TIGER vision of digitalizing the traditional cleaning market and building up its facility tech platform, along with the performance of the company, have proved compelling to both new and existing investors alike. The present financing round sees new investors Atami Capital and Davidson Technology Growth joining current investors like DN Capital and Target Global.
BOOK A TIGER is using this capital for the further expansion of its facility management platform, with an even stronger focus on B2B business, which experienced enormous growth over the last year. The platform is intended to offer B2B customers access to both high-quality cleaning and a wide range of other relevant services, such as sanitary and kitchen supplies, office food provisions and catering, as well as manual labour.
“In Europe alone, B2B cleaning is a EUR 65 billion market and presently there isn’t a competitor out there with our tech know-how,” says Nikita Fahrenholz, CEO and co-founder of BOOK A TIGER. “We have been focusing on further developing our technology and expanding the B2B business, and it is clearly paying off. The current business development is very positive. With this new investment, we want to promote our growth in the B2B field and concentrate on the further expansion of our facility management platform.”
“We believe the technology that BOOK A TIGER brings to the cleaning space is very disruptive, creating significant efficiencies to this very large fragmented market. We now start to see the same fantastic progress and efficiencies at BOOK A TIGER, that this team delivered at Delivery Hero, which they co-founded.” Nenad Marovac, Managing Partner DN Capital.
The long-term goal is to completely digitalize the cleaning market and to establish BOOK A TIGER as the global leader in facility management solutions for small and mid-sized enterprises. The company is on a steady growth trajectory and is planning to enter more international markets.
About BOOK A TIGER
BOOK A TIGER is Germany’s first digital facility services company with a full service and supply solution for small and mid-sized companies as well as private households. An intensive selection process and ongoing quality checks guarantee high quality services and long-term satisfaction. At the same time, BOOK A TIGER ensures fair compensation of its employed cleaning personnel according to the current minimum wage. They also receive cost-neutral insurance through a cooperation with AXA Versicherung AG. The service is available through an online portal or app. BOOK A TIGER was established in April 2014 by Lieferheld founders Claude Ritter and Nikita Fahrenholz. BOOK A TIGER is headquartered in Berlin and is also active in 20 other German cities as well as Austria, Switzerland and the Netherlands. Find out more at: http://www.bookatiger.com.
About DN Capital
DN Capital is a leading early stage and growth capital investor focused on Seed, Series A and select series B investments in marketplaces, digital health, fintech, SaaS, digital media, e-commerce, mobile applications and software companies. The firm was founded in 2000 and has operations in London, Berlin and Silicon Valley. DN Capital’s previous funds are top performers and the firm is one of the lead investors in companies such as Endeca (sold to Oracle), Shazam (one of the world’s leading mobile apps), Auto1 (world’s largest used car marketplace), Purplebricks (IPO London) and Quandoo (sold to Recruit). The professionals at DN Capital bring over 75 years of private equity & venture capital experience to their investments, and actively work with portfolio companies to steward their growth through the various stages of development. Additional information about the firm and its portfolio companies can be found at http://www.dncapital.com.
About DAVIDSON TECHNOLOGY GROWTH DEBT FUND
Davidson Technology Growth Debt Fund was established by Eran Davidson in 2014 and is the first Venture Debt provider in Germany. In a little over two years, the fund with a total volume of € 100 million, has offered financial solutions to six young companies through Venture Debt. Backed by a diverse group of top-tier family offices and private investors from Germany and Israel, Davidson Technology Growth Debt Fund continues to support the growth ecosystem in Germany and Europe with innovative debt financing solutions.