Smarterwork has secured a total of $13 million in funding and is backed by investors with strong European and global ties.
Smarterwork has received first and second-round investment from Net-Partners, the first Venture Capital fund in Europe focused on financing start-up and early stage initiatives related to the Internet and on-line services.
Smarterwork's lead second-round investor, Index Ventures, is a venture capital fund dedicated to making equity investments in private, western European companies targeting global markets in the fields of information technology and the life sciences. The fund actively seeks and selects companies exhibiting the potential for significant growth derived from products and services with global market appeal and demonstrable, sustainable competitive advantages.
Smarterwork's second-round investor, Wellington Partners, is a Munich-based venture capital firm specializing in early stage IT and Internet investments. Wellington Partners manages funds with a total size of more than Euro 265 million.