17.10.2016
German Startups Group Berlin GmbH & Co. KGaA DE000A1MMEV4
DGAP-News: German Startups Group invests in Bezahlt.de/Blackbill, the new FinTech startup of Kreditech founder Sebastian Diemer
DGAP-News: German Startups Group Berlin GmbH & Co. KGaA / Key word(s):
Investment
German Startups Group invests in Bezahlt.de/Blackbill, the new FinTech
startup of Kreditech founder Sebastian Diemer
17.10.2016 / 12:08
The issuer is solely responsible for the content of this announcement.
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+++ Press release +++
for immediate publication
German Startups Group invests in Bezahlt.de/Blackbill, the new FinTech
startup of Kreditech founder Sebastian Diemer
- Increase of stake in Juniqe
Berlin, 17 October 2016 - German Startups Group, the second most active
venture capital investor in Germany in the time period since 2012 (CB
Insights, 2015), invests in Bezahlt.de/Blackbill, a further FinTech
startup, and increases its stake in the e-commerce startup Juniqe.
The new portfolio company Bezahlt.de/Blackbill offers factoring solutions
for freelancers, self-employed entrepreneurs as well as small and medium-
sized enterprises. Up until now, this market segment has not been
sufficiently addressed since individual risk assessments cause high costs.
The experienced founding team - the four-member management team has 13
years of FinTech experience - employs already established scoring concepts
and achieves lower costs and process complexities through digitalisation
and automation. It is the goal of Bezahlt.de/Blackbill to carry out the
risk assessment automatically within seconds for the first time and to
reduce the default risk so that by, for example, simply taking a picture of
an outgoing invoice with a mobile phone the invoice amount can be collected
almost immediately. Through cooperations with leading European FinTech
companies, the functionality of the financial solution has been maximised.
The founding team around CEO Sebastian Diemer has already collectively
built one of the most successful German FinTech startups in Kreditech,
which offers private loans on the basis of a data-driven scoring model.
Further investors in Bezahlt.de/Blackbill are, among others, Point Nine
Capital und Fly Ventures.
CEO Christoph Gerlinger comments on the investment in Blackbill: "Already
for some time we have invested in some of the most attractive German
FinTech companies. Through Blackbill we expand our portfolio by another
very promising investment in this sector. Sebastian Diemer and his team
have previously demonstrated that they are proven big data experts in the
FinTech segment. Blackbill now tackles an entirely new, very attractive
FinTech segment. We are convinced that Sebastian Diemer and team will be
successful again and that they can grow considerably in the coming years."
German Startups Group increases its stake in Juniqe. Juniqe is a lifestyle
brand for handpicked, affordable art. Designs of international artists are
offered on posters and prints for walls as well as on shirts, stationery,
and home textiles by the online shop. The production is made to order,
which is why the business model does not require a large inventory and
generates higher margins. Additionally, the offered products cause lower
return rates than is the case with conventional e-commerce providers.
Juniqe already ships, according to the company, to 13 European countries,
grew 190% p.a. on average in revenue, and achieved a double-digit million
revenue already in 2015. Juniqe was ranked first on CB Insights' list of
"15 High Momentum German Early Stage Startups" in August 2015. The founders
appeared on the Forbes list "30 Under 30" in the category retail and
e-commerce in January 2016. German Startups Group has invested in Juniqe
since the Series A financing round already. The increase of the stake is a
result of German Startup Group's approach to invest in promising companies,
particularly of serial entrepreneurs, early and with limited employment of
capital and to gradually increase its investment in case of positive growth
indicators. This is unreservedly possible since German Startups Group does
not provide its capital in the form of venture capital funds with limited
terms, but as an investment company and therefore "evergreen". This
approach has recently become known as "patient capital" in the US. There,
the hypothesis is advocated that patient capital per se attains higher
returns in the VC segment since it is thus possible to invest for longer
periods of time in stake holdings and acquired shares do not have to be
sold untimely. Furthermore, patient capital is beneficial for the receivers
of venture capital and therefore attracts better investment opportunities.
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 47 minority stakeholdings in operationally active companies are of
particular significance to German Startups Group and together comprise 89%
of the total value of all 47 active minority stakeholdings. The ten core
holdings alone make up 61% 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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17.10.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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