German online shopping network kaufDa secures second round funding

kaufDa is one of Germany’s leading “promotion search” sites. It helps you look for the best sales and promotions and find stores with promotions running near where you live. kaufDa obviates the need for catalogues and mass mailings by providing relevant and targeted information about special offers that might interest you. Competitors in this space include Discounto, which performs many of the same functions.

Participating in this new round are existing investors Stefan Glaenzer of fame, Stephan Schubert from OnVista and Michael Brehm of studiVZ. Joining them as lead investor in this round is new partner eVenture Capital. Exact terms were not disclosed but the amount involved is understood to be in the mid-single digit millions (€). Shares of the existing investors were diluted slightly, which eVenture acquired 18% per cent of the company.