Berlin-based konfetti has raised €2 million in a seed funding round provided by Peak, Angel Invest, and the Atomico Angel Fund. The investment will be used to accelerate the startups’ growth as it aims to become the go-to destination for local classes and team-building activities across Europe.
Training and team-building activities, a traditional staple of an employer trying to get the very best out of their workforce, are oft to be found in just about every corner you look. In Germany alone, according to konfetti, there are more than 100,000-course providers. And yet, while some are organised under umbrellas, a number are not.
"Paper and pen, phone and email are no longer up to date and customer-oriented," says konfetti co-founder Tobias Fezer. "We solve exactly that and by integrating the konfetti checkout, course providers can extend their website with a powerful online store.”
Seeking to up the game for both consumers and providers, konfetti offers suppliers an all-in-one software solution that significantly reduces administrative work.
A number of processes that were previously handled offline or manually can now be handled through the konfetti platform (think the aforementioned scheduling, for example). Now throw in some billing and invoicing services that are automated, tax compliant, and provide a reduction in tax advisor coordination, and konfetti’s benefits start becoming quite clear, quite quickly.
As part of a pre-seed financing round in September 2021, konfetti is already backed by HelloFresh founders Thomas Griesel and Dominik Richter, Gorillas founder Jörg Kattner, early-stage investor Shio Capital, Zenjob founders Frederik Fahning, Fritz Trott und Cihan Aksakal, Amazon Manager Markus Meel, entrepreneur Martin Axnick and entrepreneur Ludwig Cramer-Klett, and now count Peak, Angel Invest, and the Atomico Angel Fund on the cap table.
On the decision to back konfetti, Speedinvest Partner and TIER mobility co-founder Julian Blessin commented, “We are convinced that konfetti has created the ideal platform to book local classes and set a new standard for both guests and workshop providers. In a short period of time, Tobias and Wolfgang have built an impressive portfolio of workshop partners and a truly value-adding SaaS-enabled marketplace that is benefiting both customers and local providers.”