Datango – Expansion Financing Round to fuel international growth

As Valerie has pointed out nicely on her blog, Datango, one of our portfolio companies from the early internet days, has completed a financing round with HassoPlattnerVenture and Extorel. Datango is an interesting turn-around story, which initially started in 1999 providing “web-rides” to consumers. After the burst of the bubble the company transitioned from the B2C space into the B2B space focusing on eLearning.

After the successful acquisition of a distributor in 2004, the company has continued its turn-around and has been on a steady growth path since, primarily focusing on large roll-out projects and applications support systems (a market to be estimated to be worth a few hundred million Euros).

The new investment round signals a continued interest from investors into Datango and this emerging market space. The international market is still untapped and will provide a great opportunity for Datango to grow in the future.

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