HomeFundingBerlin-based exploreB2B closes financial round with IBB

Berlin-based exploreB2B closes financial round with IBB

The Berlin-based startup exploreB2B has closed a financial round with IBB (The Investment Bank of Berlin). The IBB is investing a medium six-figure amount through the investment programme ProFIT, which aims to fund innovations and technical advancements.

IBB requires ventures to apply via a sophisticated process to prove the innovative nature of the project, which is then verified by external reviewers. The final decision about the funding is then made by a closed board of state representatives and business experts.

exploreB2B was founded in 2010 by Dr. Susanna Gebauer and her brother Jonathan Gebauer. The article-based platform for business-to-business communication and collaboration offers completely new approach to networking via thematic intersections between different business topics. The company now plans to quickly expand its functionality and userbase, and to enter other European markets. exploreB2B will also already introduce new functions and a revamped design in mid October.

Jonathan Gebauer, co-CEO and Product Manager of exploreB2B, stated in relation to the funding: “This investment allows us to quicken our development cycle so new and innovative parts will reach our userbase faster”.

Dr. Susanna Gebauer, co-CEO of exploreB2B, said: “The closing of this financial round via the ProFIT program allows us the flexibility and opportunities of an external investment, while we keep full control and shares in our company”.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).
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