Hamburg – The online translation platform Tolingo has completed a further funding round. Munich growth investor Acton Capital Partners is acquiring a stake in the company by contributing to a capital increase. Besides lead investor Acton, the Hamburg venture capital firm Neuhaus Partners and KfW are participating in this second institutional funding round. KfW is using the “ERP Startfonds”, a scheme conducted in collaboration with the Federal Ministry of Economics and Technology. Both Neuhaus Partners and KfW have been holding a stake in Tolingo since October 2009. The remaining shares are held by the founders and members of the management of the Hamburg-based company as well as several Business Angels. The parties agreed to keep the conditions of the investments confidential.

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