Takkt has led the series A round for e-commerce platform Crowdfox, converting a $2.4m note in the process.

Germany-based e-commerce platform Crowdfox closed a €4.7m ($5.6m) series A round on Thursday led by business-to-business mail order company Takkt’s investment arm Takkt Beteiligungsgesellschaft (TBG).

The figure include a €2m convertible note, led by TBG in April 2017 with participation from unnamed backers.

Crowdfox operates a commission-free e-commerce platform for third-party sellers. The platform monitors prices on other marketplaces, enabling sellers to automatically adjust prices and providing an overview of how a seller compares to the rest of the market.

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