Techcrunch cited sources who said Berlin-based 6Wunderkinder raised a USD30 million investment from its recent Series B financing round. Sequoia Capital's investment in the app maker of task management app Wunderlist was the private equity firm's first foray into the Germany market. Existing investors Earlybird, Deutsche Telekom's T-Ventures and Atomico also participated in the investment round. The German startup had earlier raised USD4.86 million in initial funding.
According to Techcrunch, 6Wunderkinder would need to finalize local regulatory clearances before making a public announcement. One of the tech website's sources deduced the app maker's valuation at the USD60 million to USD65 million range.
Proceeds from the new funding would go towards a planned company expansion to the US, as 6Wunderkinder intended to open an office there. 6Wunderkinder reportedly was so focused on a US expansion that it had adopted a Western culture at the office perhaps in preparation for its introduction to the US market. 6Wunderkinder's CEO and co-founder Christian Reber was said to be building a team in Silicon Valley for the startup's business development.
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