High-Tech Gründerfonds, a Germany state- and corporate-backed venture fund, and other investors have helped Avandeo, a local designer of furniture and home accessories, raise a sum in “the high single-digit millions”.

Other investors in the round on 18 October were Germany-based bank KfW Bankengruppe and LBBW Venture Capital, a corporate venturing unit of the eponymous Germany-based bank, as well as venture firms Partech International, the lead investor in Avandeo, and Mountain Super Angel.

Roman Loch, investment manager at LBBW Venture…

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