Funding

Coindrum rakes in additional financing

Company, which has an impressive array of angel investors backing it, raises an estimated €800,000 to scale its operations in Germany

Lukas Decker, Coindrum founder and chief executive. ‘End users love our sleek and modern design, efficient customer service and retailers certainly benefit from the additional spend in their stores.’

Coindrum, a company that installs and operates self-service coin collection kiosks at retail location, has raised new financing.

While the company did not disclose the total sum raised, industry sources indicate it has secured €800,000 in a funding round led by Business Venture Partners through its BVP EIIS Fund.

Founded by Lukas Decker, Coindrum has an impressive array of investors, including Declan Ryan, co-founder of Ryanair, Bobby Healy, founder and chief executive of Manna Drone ...