About 3 million euros in fresh capital – more and more investors are banking on the success of humangrid | High-Tech Gründerfonds
Summary
The investors SeedCapital Dortmund, Prof. Dr. Conen, High-Tech Gründerfonds as well as the ERP start-up fund of the KfW bank group provided the innovative business with one million euros as recently as mid 2009. The business model is based on what is known as the “crowdsourcing principle”: More than 18,000 workers worldwide are involved in humangrid’s multifaceted customer projects and can resolve the most demanding tasks in the shortest possible time. humangrid breaks complex tasks down into micro jobs, passes them on to the clickworkers and, following successful execution, collates them again based on strict quality control. The company entered the German market in 2009 and, at the beginning of 2010, it opened a branch office in the United States – the number of clickworkers has risen from 1,500 to more than 18,000 in the past nine months. The objective behind the funding that SeedCapital Dortmund GmbH & Co. KG provides as early-stage finance therefore is to enable the investee company to run a development process on the basis of which the anticipated, above-average business growth can be realised primarily by involving more, larger-scale institutional investors.
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