Seed round of 1,000,000 EUR closed. Since founding total funding is 1,900,000 EUR (1,600,000 EUR equity and 300,000 EUR public grants). INNOFINCENTA GmbH structured and accompanied the financing. Legal counsel: Philipp Weber.
About READO
Frankfurt-based social-reading mobile app enabling social interactions around books and reading, entering a new growth phase following a seed round.
Frankfurt, Germany
Read Company ProfileFrequently Asked Questions
What type of funding round did READO raise?
READO raised a seed round.
How much did READO raise in its seed?
READO raised $1,000,000 EUR in its seed.
When did READO raise its seed?
READO raised its seed on 2026-03-04.
Who invested in READO's seed?
The investors in READO's seed are: Jochen Friedrich, Mark Lippert, INNOFINCENTA GmbH, Jürgen ten Elsen, BMH Beteiligungs-Management Hessen, Tobias Michael, Thomas Marbella, Daniel J. Zimmer, Ram Shoham, Gowtham Athem, Nils Stieglitz.
What type of investment was READO's seed?
READO's seed was a equity investment.
How will READO use the funds from its seed?
READO plans to use the funds for: growth, scaling product and user acquisition.