EZEEP ANNOUNCES MASSIVE REACH WITH NEW PARTNERSHIP AND 7 DIGIT EURO FINANCING ROUND
ezeep, one of the leading lights of the Berlin startup scene, announces today a huge distribution partnership supported by another sizeable seven-digit financing round.
Amazing direct sales success in over 12 countries with small to publicly listed companies have enabled ezeep to strike a huge distribution partnership with Europe’s third largest IT distributor ALSO. ALSO will immediately start reselling ezeep to over 10,000 resellers with millions of customers. The announcement comes hot on the heels of another million-euro-level financing round from IBB and existing investors HTGF and Mangrove.
ezeep was established to solve the most frustrating user experience in the modern office: printing. The company’s service sees printers across an office network,enables users mobile and driverless printing and admins to make smart printing and print management decisions, saving enterprises time and money with its market-leading design and trademark simplicity.
ezeep CEO Sascha Kellert says: “We operate in a massive market where partnerships are of the utmost importance. This is the first step towards successful partnerships with distributors and manufacturers around the world that support our ambition of establishing ezeep as the standard for cloud print management. It won’t be the last announcement of its kind for ezeep in 2014.”
Curtis MacDonald, VC at HTGF and ezeep Board Member: “Printing remains such a huge pain point for many people. Printers have had the same usage problems for decades and we’re excited to see Ezeep continue to tackle these head on.”
The company currently has 15 staff in Berlin, Germany and is planning to open a US office in 2014.
ezeep offers cloud print management for mid-sized organizations and enterprises. The company was founded to reinvent an unloved but significant industry for the cloud: printing. ezeep’s award-winning cloud service focuses on market-leading design and simplicity to save customers time and money when printing and managing printers. ezeep’s unparalleled ease of use and effectiveness have made it a favorite choice for end-users and IT professionals in over 12 countries.
About Mangrove Capital Partners
Founded in 2000, Mangrove Capital Partners (www.mangrove-vc.com) is an investment firm dedicated to finding and helping passionate, innovative entrepreneurs start and grow global, disruptive companies. Mangrove chases bold, transformational ideas around the world, with a combined focus on Europe and Emerging Markets such as India and Russia and invests across a variety of sectors, with an emphasis on Internet services, mobile, e-commerce and the automotive industry.Mangrove’s sweet spot is on the earliest stages of innovation: the firm regularly injects funds prior to product launch, aims at being the first institutional investor and sometimes co-creates projects. With $500 million under management, Mangrove also has the capacity to support its best companies over the long term, by committing significant resources through successive rounds of financing.Mangrove has invested in more than 50 companies such as Brands4friends (sold to eBay), KupiVIP, Nimbuzz, Oktogo, Rdio, Seatwave, SohoOS, Spreets (sold to Yahoo) and Wix. Mangrove also had the privilege of being among the first investors in Skype, which was acquired by eBay for over €2.5 billion in 2005.
Mangrove Capital Partners
31, Bld. Joseph II
Phone: +352 262534 1
Fax: +352 262534 20
About High-Tech Gruenderfonds
High-Tech Gruenderfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gruenderfonds invests EUR 500,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Energy, the KfW Banking Group, as well as strategic corporate investors including ALTANA, BASF, Bayer, B. Braun, Robert Bosch, CEWE, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Lanxess, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss. High-Tech Gruenderfonds has about EUR 576 million under management in two funds (EUR 272 million HTGF I, EUR 304 million HTGF II).
High-Tech Gründerfonds Management GmbH
Tel.: +49 (228) 823 001-00
Fax: +49 (228) 823 000-50