# Bling Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bling-services

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.bling.de
- Total disclosed funding: $16M
- Latest round: Series A (Jun 10, 2024)
- Investors on record: 7

## About

Based in Berlin, Germany, and founded in 2021 by Leon Stephan, Nils Feigenwinter, and Tobias Mundinger, Bling Services GmbH is a fintech firm that offers mobile applications for parents to help teach their children to save money. In June 2024, Bling Services GmbH raised EUR 11.2 million in series A funding led by new investor Owl Ventures, with participation from returning investors Peak and Angel Invest. New investors Commerzbank and neosfer GmbH also participated in the round.

The firm offers a platform where parents can create virtual bank accounts for their kids and deposit their pocket money, or money earned from doing household chores which the kids can withdraw using the firm’s physical cards for their everyday spending. Moreover, the firm also offers mobile applications where parents and children can monitor their spending, remaining balances, open savings accounts, and much more. 

The company earns its revenue by charging 0.59% on total fund costs per year.

The company intends to use the June 2024 funding to support the expansion of its digital solutions.

## Funding rounds

- Series A, Jun 10, 2024, $12M — OWL Ventures, neosfer, Peak
- Seed, Dec 9, 2022, $3.7M — IBB Ventures, La Famiglia, Peak, Angel Invest Ventures, Prediction Capital

## Investors

- IBB Ventures (https://capitalatlas.ai/funds/ibb-ventures) — Seed
- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Seed
- Peak (https://capitalatlas.ai/funds/peak) — Seed, Series A
- Angel Invest Ventures (https://capitalatlas.ai/funds/angel-invest-ventures) — Seed
- Prediction Capital (https://capitalatlas.ai/funds/prediction-capital) — Seed
- OWL Ventures (https://capitalatlas.ai/funds/owl-ventures) — Series A
- neosfer (https://capitalatlas.ai/funds/neosfer) — Series A