Austrian Speedinvest joins €10.8M round for Kittl design platform
26 January, 2023, 16:35
German startup Kittl which develops a platform for creating complex commercial designs has secured €10.8 million from the US Left Lane Capital with participation from Austrian Speedinvest, and a number of angel investors. The round will help to grow the startup’s team and develop design tools, according to TechCrunch.
- Founded in 2020 by Nicolas Heymann and Tobias Saul, Kittl offers browser-based graphic design tools to create logos, labels, postcards, and more. Since launching, users have created more than 1 million designs in Kittl.
“Creating advanced designs can be a long and painful process. With Kittl, we help you to design stunning graphics with magic tools that empower your creation process,”Nicolas Heymann, CEO and co-founder of Kittl claims.
- The fresh round was led by New York-based VC Left Lane Capital, which invests in high-growth internet and consumer technology businesses. GoStudent, Wayflyer, and Masterworks are in its investment portfolio.
- Vienna-based Speedinvest also participated in the investment. In December 2022 the firm launched its fourth €500 million early-stage fund to support about 100 startups. Recently, the VC fund has backed €6 million in a pre-seed funding round for healthcare billing app developer Hi.health, AIN.Capital reports.
- With the new funds, Kittl plans to grow its team and develop new design tools.