Amazon’s Rival Crowdfox Raises €10 Million in Funding

Crowdfox is an innovative B2B and B2C marketplace that lets merchants sell for free while customers can buy products for the best price. The startup recently raised €10 million in investment.

Cologne-based Crowdfox GmbH raised €10 million in funding. On 19 December 2018, a financing round with two new family offices for 5 million euros was closed. In addition, 4 million euros of convertible loans were converted into equity. They were largely committed by existing shareholders, thereby expressing their confidence. Another 1 million euros came from an existing shareholder loan.

The startup intends to use the funds for scaling and further expansion of its real-time comparison portal Crowdfox Professional.

Since 2014, the company has been developing and operating innovative comparison portals like for business customers and for end users. With its unique technology, the B2B portal Crowdfox Professional revolutionizes complex purchasing processes in DAX corporations and other large enterprises.Crowdfox comparison markeplace portal mockup on an iMac screen.

The startup from cologne offers its customers a huge range of over 130 million best-price offers from audited suppliers in real time. Crowdfox developed the unique Matching Number UTIN® (Unique Trade Item Number) allowing to identify more than 18 million item.

The company will continue to seize growth opportunities by internationalizing its business with major global customers. In addition, the product range will not only include C-items in future.

The company plans to expand Crowdfox’s price comparison services and include B and A items that are highly relevant to their customers.

Home Money Talks Amazon's Rival Crowdfox Raises €10 Million in Funding

Follow Us


Latest Videos

The “Tech for Good” App Too Good To Go Raises Additional €6M

Originally from Copenhagen, Denmark, the food waste app Too Good To Go secured a further €6 million in funding, raising €16 million all together.

MapTiler Offers an Add-Free Alternative to Google Maps API

Located in Switzerland and the Czech Republic, the startup allows its users to create highly customizable maps by changing language or colours to match their brand design.

Startup Dixa Raises €12.4M in Series A for its Customer Friendship Platform

Customer service is an essential part of many companies in today's extremely competitive world. The Copenhagen and London based startup Dixa aims to solve the customer service challenges and help companies to create personalized customer experiences.