Crowdfox builds software for eProcurement, serving procurement and supply‑chain functions and targeting large international corporations. The company is preparing to release ChatCFX, an AI chatbot intended to improve accessibility to its platform. Dirk Schäfer is the company’s CEO and has assembled the core team referenced by investors. Since mid-2023 Crowdfox has collaborated with Dr. Marcell Vollmer on product development and go-to-market activities. Vollmer praised Crowdfox’s technological assets and said he will support the company as senior advisor. The article does not disclose revenue, user metrics, or other financial details. Crowdfox operates a B2B and B2C e-commerce marketplace where merchants list products for free and members buy at competitive prices. The platform offers a crowd-shopping option that lets members combine purchasing power to secure deeper discounts. Over 6.5 million items, including electronics, home goods and beauty products, are listed on the site. Led by founder and CEO Wolfgang Lang, Crowdfox serves both merchant sellers and consumer members. The company says it will use the new funding to further expand operations. Crowdfox is a Cologne, Germany–based next-generation online marketplace operating as a members' club. It leverages automated and semantic matching processes to provide fair product and price data and to improve relationships between merchants and members. The platform already processes more than 500 million merchant, product and price information points a day. The company raised €5M in funding to support growth. Crowdfox intends to use the funds to expand operations in Germany and to launch abroad. The leadership team includes CEO Wolfgang Lang, COO Dirk Schäfer, Stefan Marketer Lenhof and CTO Andreas von Oettingen.

Total raised

$14M

Funding rounds

4

Latest round

Series A

Latest activity

Sep 2017