07.09.2016
Rocket Internet SE DE000A12UKK6
DGAP-News: Home24 Raises EUR 20 Million in a Funding Round
DGAP-News: Rocket Internet SE / Key word(s): Investment
Home24 Raises EUR 20 Million in a Funding Round
07.09.2016 / 18:45
The issuer is solely responsible for the content of this announcement.
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Home24 Raises EUR 20 Million in a Funding Round
- Rocket Internet participates with EUR 1.4 million in Home24 funding
round
- Funding round at a EUR 420 million post-money valuation
- Rocket Internet's post transaction ownership will be 42.9%
Berlin, Germany, September 7, 2016 -The Home & Living online retailer
Home24 AG ("Home24") signed a EUR 20 million funding round at a EUR 420
million post-money valuation, which previously stood at EUR 981 million.
Rocket Internet SE ("Rocket Internet") participates with a EUR 1.4 million
investment in this round. Baillie Gifford and other investors are also
participating in this round. As a result of the transaction, Rocket
Internet's combined direct and indirect stake will decline to 42.9%, from
previously 44.6%.
"With the proceeds from this funding round, Home 24 is well positioned to
reach its strategic goals", says Oliver Samwer, CEO Rocket Internet.
"After a phase of strong growth and infrastructure expansion, we shifted
the focus on making sustainable process and system improvements, paving the
way towards profitability", says Philipp Kreibohm, founder and management
board member of Home24. "The investment from this funding round enables us
to continue to improve the customer experience as well as our logistics
network and technology platform."
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Contact
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About Rocket Internet
Rocket Internet builds and invests in Internet companies that take proven
online business models to new, fast-growing markets. Rocket Internet
focuses on five industry sectors of online and mobile retail services that
make up a significant share of consumer spending: Food & Groceries,
Fashion, General Merchandise, Home & Living and Travel. Its network of
companies operates a variety of business models in over 110 countries on
six continents with more than 36,000 employees at the end of 2015. Rocket
Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6,
RKET). For further information please visit www.rocket-internet.com.
Disclaimer
This document contains forward-looking statements. These statements are
based on the current views, expectations and assumptions of the management
of Rocket Internet SE ("Rocket Internet") and involve known and unknown
risks and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such
statements. Actual results, performance or events may differ materially
from those described in such statements due to, among other things, changes
in the general economic and competitive environment, risks associated with
capital markets, currency exchange rate fluctuations and competition from
other companies, changes in international and national laws and
regulations, in particular with respect to tax laws and regulations, and
other factors. Rocket Internet does not assume any obligations to update
any forward-looking statements.
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07.09.2016 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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