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August 13, 2007
B2B Portal Mercateo Taps Local Investor for €1M
Munich-based Mercateo AG, an e-procurement platform with about 270 vendors, has raised €1M from BayBG Bayerische Beteiligungsgesellschaft mbH to staff up its software development teams.
Target Partners, a German VC, has been backing the company since 2004 after it was acquired from early investors by management in an MBO.
Mercateo did a little over €23M in turnover last year, as we reported back in February.
Read - Mercateo Expecting a:c euro
Posted on August 13, 2007 09:55 AM | Posted to eCommerce | Permalink
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