07.09.2016
German Startups Group Berlin GmbH & Co. KGaA DE000A1MMEV4
DGAP-News: German Startups Group confirms profit in the first half of 2016, invests again substantially in Auctionata, and achieves outperformance with its FinTech and secondary growth stage shareholdings
DGAP-News: German Startups Group Berlin GmbH & Co. KGaA / Key word(s): Half
Year Results/Market Report
German Startups Group confirms profit in the first half of 2016, invests
again substantially in Auctionata, and achieves outperformance with its
FinTech and secondary growth stage shareholdings
07.09.2016 / 10:12
The issuer is solely responsible for the content of this announcement.
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+++ Press Release +++
for immediate publication
German Startups Group confirms profit in the first half of 2016, invests
again substantially in Auctionata, and achieves outperformance with its
FinTech and secondary growth stage shareholdings
- Confirmation of preliminary half-year figures by financial report that
has now been submitted
- Substantial increase of stake in Auctionata
- Gross performance of investments in FinTech companies since 2Q13 of 51%
p.a.
- Gross performance of investments in secondary growth shares since 4Q13
of 36% p.a.
- Serial entrepreneur and venture capitalist Andreas von Blottnitz new
member of supervisory board
- Investment in FinTech company Gewerbeversicherung24
- German Startups Group is third most active early stage investor in
Europe in 2Q16
- News from the investment portfolio
Berlin, 07 September 2016 - German Startups Group, the second most active
venture capital investor in Germany in the time period since 2012 (CB
Insights, 2015), confirms the net consolidated profit of 1.9 million euros
(1H15: 2.0 million euros), which was reported as preliminary, through the
financial report that has now been submitted. The company has thus been
steadily and continuously profitable since its first full fiscal year
(2013).
German Startups Group takes the opportunity to substantially increase its
stake in Auctionata | Paddle8, the largest online auction house for art and
luxury collectibles worldwide, tripling it at the conversion of the
convertible note.
German Startups Group records an outperformance of its FinTech and
secondary growth stage shareholdings upon an evaluation of its investment
portfolio, which is comprised of one majority shareholding and 25 minority
shareholdings that are of particular significance to the company. Both
segments represent a main focus of the company's investment activity.
German Startups Group holds shares in eleven companies from the financial
technologies sector, which the company subdivides into FinTech in a
stricter sense, InsurTech, and PropTech, making German Startups Group the
second most active investor in Germany in this area, according to Barkow
Consulting. Additionally, the company, as one of only a few German VC
investors, also acquires so-called secondary shares, i.e. existing shares
of founders and business angels for example, of successful German startups
in the growth stage. This is the case for nine shareholdings.
Since the company's first investment in a FinTech company in Q2 2013, it
was able to achieve a gross performance of 51.3% p.a. with its FinTech
portfolio segment (portfolio overall in this period: 27.7% p.a.). The
strategy of acquiring secondary shares in the so-called growth stage also
resulted in an above-average performance. Since the first investment in Q4
2013, the gross performance of secondary growth shares was 36.1% p.a.
(portfolio overall in this period: 27.2% p.a.).
Nikolas Samios, Chief Investment Officer of German Startups Group, comments
on the outperformance of both these focal segments of the portfolio,
"Through our investments as German Startups Group, we assemble the, in our
opinion, 'best of' of German startups and therefore purposefully examine a
broad spectrum within this asset class. Against this background, we
repeatedly set focal points on segments from which we, following a careful
analysis of the market conditions, expect an outperformance." CEO Christoph
Gerlinger adds, "We are pleased to confirm on the basis of the performance
achieved now already over the course of several years that our focal points
were chosen well. This applies to both the disruptive FinTech sector, which
remodels immaterial services and is therefore particularly well-suited to
rapid scaling, as well as the secondary market for shares in growth
companies that is, on an international comparison, completely
underdeveloped in Germany and that offers an especially good chance risk
ratio."
Andreas von Blottnitz, a successful serial entrepreneur and business angel/
venture capitalist, was appointed member of the supervisory board on 04
August 2016 upon request of the company. He follows his business partner
Jan Henric Buettner, with whom he mutually built up AOL Europe starting
from 1994, which was sold for 6.75 billion US dollars to AOL (USA) in 2002.
In 1997, Andreas von Blottnitz already took over the role of Managing
Director of AOL Deutschland from Jan Henric Buettner. Later on, Andreas von
Blottnitz switched to become CEO of the software startup Expertcity in
Santa Barbara, California, the provider of the internationally successful
"GoTo" products, which were acquired by Citrix Systems for 225 million US
dollars in 2003. Andreas von Blottnitz also has long lasting experience as
a venture capital investor and has had board and consulting roles at
various, mainly American tech startups, which were acquired by companies
such as Hewlett Packard, Best Buy, and Red Hat. Only last year he
accompanied the US property management software Appfolio with their
successful initial public offering on the NASDAQ as Chairman of the Board
of Directors.
German Startups Group invests in the online comparison portal
Gewerbeversicherung24. As a digital commercial insurance broker, the
FinTech/InsurTech company focuses directly on business clients, but at the
same time also on insurance brokers, whose clients want to cover commercial
risks as well. Business clients (therefore also startup founders) can
compare and buy products such as liability or contents insurance on the
website www.gewerbeversicherung24.de. The insurers gain a new sales
channel, brokers can sell commercial insurances more easily, and end
customers can directly and transparently compare products online.
German Startups Group is the third most active early stage investor in
Europe in Q2 2016. This was reported in a data collection of the M&A,
private equity, and venture capital platform Pitch Book in the European
Venture Industry Report.
Fiagon, a shareholding that is of particular significance to German
Startups Group, has been named "Innovator of the Year" for a second time at
the innovation competition TOP 100. The MedTech company for HNO navigation
was given first place by a jury in the size category of companies with up
to 50 employees.
The FinTech company Scalable Capital, also a shareholding that is of
particular significance to the company, was awarded a "very good" score by
the financial magazine "Euro am Sonntag" in a test of online investment
platforms and was named the test winner by the digital consumer magazine
Vergleich.org in a comparison between the seven best online asset managers.
Press contact
German Startups Group
Theo Bonick
Tel: +49 30 6098890 84
Mail: [email protected]
German Startups Group - We love startups!
German Startups Group is a listed investment company based in Berlin that
focuses on young, fast-growing companies, so-called startups. The company
acquires majority and minority shareholdings mainly by providing venture
capital. The portfolio companies that German Startups Group holds also
stand to benefit from German Startups Group's expertise, experience and
network with respect to strategy development, financing rounds,
restructuring necessities, M&A transactions or selling the company,
including a possible IPO. According to its own assessment, German Startups
Group provides startups with so-called "smart money" by acquiring a
shareholding. Its focus is on companies whose products or business models
represent a disruptive innovation, allow for a high degree of scalability
to be expected, and in which it has a great deal of trust in the
entrepreneurial abilities of the founders to whom it feels that it obtains
early access to due to its close relationships to relevant players in the
startup scene. The geographical focus is on the German-speaking region.
Since it commenced with operations in 2012, German Startups Group has in
its opinion built up a diversified portfolio of investments in young
companies and become the second most active venture capital investor in
Germany since 2012 (CB Insights, Germany Venture Capital Overview). 25 of
the 46 minority stakeholdings in operationally active companies are of
particular significance to German Startups Group and together comprise 88%
of the total value of all 46 active minority stakeholdings. The ten core
holdings alone make up 58% of the value of all active minority
stakeholdings. According to German Startups Group, its investment portfolio
reflects a cross-section of promising German startups of various maturity
stages ("Seed," "Early" and "Growth Stage," by German Startups Group's own
definition) and includes some of the most successful and best known German
startups.
More information is available on our website at www.german-startups.com.
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