19.07.2018
German Startups Group GmbH & Co. KGaA DE000A1MMEV4
DGAP-News: German Startups Group GmbH & Co. KGaA: German Startups Group is rapidly making progress in expanding its business model
DGAP-News: German Startups Group GmbH & Co. KGaA / Key word(s):
Miscellaneous/Expansion
German Startups Group GmbH & Co. KGaA: German Startups Group is rapidly
making progress in expanding its business model
19.07.2018 / 08:30
The issuer is solely responsible for the content of this announcement.
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+++ Press Release +++
German Startups Group is rapidly making progress in expanding its business
model
- G|S Market - the first secondary market platform for tech assets in
Germany has successfully started
- Initial transactions near completion
- Collaboration with leading US platform
- Preparing for asset management activities
Berlin, 19 July 2018 - German Startup Group GmbH & Co. KGaA, a publicly
listed, leading venture capital investor in Germany and at the same time
also a digital agency with 150 employees based in Berlin, is making rapid
progress in the expanding its business model.
The German Startups Market GmbH, a wholly owned subsidiary of the listed
German Startup Group GmbH & Co. KGaA, has launched a secondary market
platform G|S Market on 19 June 2018, and reports the successful start of its
operations after the first four weeks.
The marketplace currently lists thirteen tech assets valued at over 20
million Euros, including startup shares owned by both founders and business
angels and the parent company of German Startups Market GmbH. In addition,
there are a new type of venture capital fund announced for the fourth
quarter as well as several venture loans listed on the platform. Further
some well-known German VC funds are showing interest in offering shares of
future fund generations on the platform. An increasing number of investors,
especially family offices, who do not yet have direct access to the asset
class , are watching out for such alternative investment opportunities on
the platform.
Already in the first four weeks, the platform generated specific demand for
assets with a value of 5 million Euros, for which contracts shall be closed
soon. These deals alone would generate commission income exceeding the total
investment of German Startups Group into German Startups Market and its
platform.
In the future G|S Market will work together with the leading secondary
market platform in Silicon Valley, in order to give German investors access
to investments in US startups. German Startups Asset Management GmbH, a
majority holding of German Startups Group and a registered investment
management company (KVG), will pool the investment amounts of German
investors within its own special purpose vehicles.
At the same time, German Startups Asset Management GmbH intends to set up
its own, novel VC fund named G|S Tech50(TM) in the fourth quarter. It will
also provide SPVs for G|S Market to pool multiple investors in order to
acquire larger investment opportunities.
The German Startups Group pursues a transformation from a pure asset owner
to a combined asset owner, asset manager and open market platform in its
business. The purpose is to expand its existing business model of generating
value gains of its holdings within its own balance sheet and of generating
revenues in the digital agency business, by transaction-based commissions,
management fees and carries from investments outside its own balance sheet.
This substantial expansion of its profit base is already gaining in shape.
Investor relations contact
German Startups Group
Marcel Doeppes
[email protected]
www.german-startups.com
German Startups Group - We Love Startups!
The German Startups Group, a publicly traded company comprises one of the
leading VC providers in Germany with a digital agency employing 150 staff in
Berlin. With a focus on Germany's young, fast growing companies - so called
startups - the company acquires majority and minority shareholdings by
providing venture capital. The core investment focus is on those tech
companies whose products or business models include disruptive innovation,
allow for a high degree of scalability and are run by strong entrepreneurial
management teams. Since it commenced operations in 2012, German Startups
Group has built a diversified portfolio of stakes in such companies and has
become the most active private venture capital investor in Germany (CB
Insights 2015, Pitchbook 2016). With the launch of G|S Market(TM) via a
wholly owned subsidiary German Startups Market GmbH, the company operates a
secondary market platform for tech assets since June 2018. Its majority
holding, German Startups Asset Management GmbH, will launch its own novel
type VC funds in the future and provide SPVs for G|S Market(TM) on the
acquirer side in order to enable several investors to acquire larger
investment opportunities through pooled investments.
More information at www.german-startups.com.
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19.07.2018 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: German Startups Group GmbH & Co. KGaA
Platz der Luftbrücke 4-6
12101 Berlin
Germany
Phone: +49.30.6098890.80
Fax: +49.30.6098890.89
E-mail: [email protected]
Internet: www.german-startups.com
ISIN: DE000A1MMEV4
WKN: A1MMEV
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Tradegate Exchange
End of News DGAP News Service
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706051 19.07.2018
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