FinancialContent is the trusted provider of stock market information to the media industry.
June 27, 2013 at 02:27 AM EDT
Aiming At Small Business And Headed By Ex-Yahoo Head, NumberFour De-Cloaks In Berlin With A $38M Series A, Europe's Biggest To Date
NumberFour , founded in 2009 by former senior Yahoo executive Marco Boerries in Berlin to re-engineer small business processes, has secured an enormous $38 million in Series A financing led by Index Ventures, specifically Mike Volpi. Volpi Participating in the round is Allen&Co, T-Venture/Deutsche Telekom, Andreas von Bechtolsheim, former Yahoo founder Jerry Yang, Klaus Hommels and Lars Hinrichs among others. Unusually, the company has remained almost completely quiet since its foundation. It will obviously compete against a number of players, not least Salesforce among them.
marcus-boerries-290x160

NumberFour, founded in 2009 by former senior Yahoo executive Marco Boerries in Berlin to re-engineer small business processes, has secured an enormous $38 million in Series A financing led by Index Ventures, specifically Mike Volpi. Volpi Participating in the round is Allen&Co, T-Venture/Deutsche Telekom, Andreas von Bechtolsheim, former Yahoo founder Jerry Yang, Klaus Hommels and Lars Hinrichs among others. Unusually, the company has remained almost completely quiet since its foundation. It will obviously compete against a number of players, not least Salesforce among them.

In addition, its business platform and apps are not yet publicly available. The company said “an announcement will follow at an appropriate time.” Also participating in the round was German entrepreneur Andy Bechtolsheim who co-founded Sun Microsystems and Simon Levene, a former partner of Accel Partners, and executive at Excite@Home and Yahoo!.

NumberFour has a platform that provides productivity, communication, sales, production, procurement, delivery, reservation and financial tools for offline and online businesses. Boerries’ vision is that in the future, most small businesses should have the efficiencies and scale effects that large enterprises enjoy.

Founded in 2009 by Boerries, the startup is producing apps on smartphones, tablets and PCs. It has offices in Berlin, Hamburg, Germany and Palo Alto, California.

In statements, Boerries said: “I deeply care about enabling small businesses to become more competitive and successful. Having started four businesses myself, I know how hard and rewarding it can be at the same time. Small is beautiful!”

Mike Volpi, Partner, Index Ventures said: “From a technology perspective, small businesses are the most underserved market in the world. NumberFour is the first comprehensive business platform that offers amazing technology, wrapped in apps with a stunningly simple user interface.”

Klaus Hommels an investor in NumberFour said: “NumberFour combines huge market potential, scale effects and passion – paired with the powerful and meticulous leadership of one of the best and most experienced entrepreneurs. It is a truly special opportunity.” Klaus Hommels is one of Europe’s leading business angels and has invested in Skype, Facebook, Xing and Spotify, among others.

Lars Hinrichs, Founder of XING and investor stated, “NumberFour has the potential to become the leader for small business software, a multi-billion opportunity. Marco is a successful serial entrepreneur and has proven multiple times that he can make big ideas work.” Hinrichs founded LinkedIn competitor Xing and is now best known for founding the startup accelerator HackFwd.

The full press release is here.


Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
   
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More