30.09.2016
German Startups Group Berlin GmbH & Co. KGaA DE000A1MMEV4
DGAP-News: German Startups Group multiplies its stake in Auctionata
DGAP-News: German Startups Group Berlin GmbH & Co. KGaA / Key word(s):
Investment
German Startups Group multiplies its stake in Auctionata
30.09.2016 / 09:58
The issuer is solely responsible for the content of this announcement.
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+++ Press release +++
for immediate publication
German Startups Group multiplies its stake in Auctionata
- Further increase of investment in Mister Spex und TVSmiles
Berlin, 30 September 2016 - German Startups Group, the second most active
venture capital investor in Germany in the time period since 2012 (CB
Insights, 2015), seizes the opportunity for another very attractive
investment in Auctionata and increases its investment in further portfolio
companies, Mister Spex and TVSmiles.
German Startups Group multiplies its stake in Auctionata, one of its core
holdings. Auctionata is the largest online auction house for art and luxury
collectibles worldwide. Depending on the share price at which the
convertible loan issued in July and the current convertible loan will be
converted into Auctionata shares, German Startup Group's stake of
previously 0.23% should increase considerably to a low to mid-range single-
digit percentage at the point of conversion. The conversion will likely be
carried out by mid-2017 at the latest. CEO Christoph Gerlinger: "Through
this year's merger with the US-American counterpart Paddle8, Auctionata has
become one of the ten largest auction houses outside of China. With its new
CEO Dr. Thomas Hesse, who was previously member of the Executive Board of
the Bertelsmann group as well as President of Sony Music Entertainment, the
newly-positioned, excellent team and its patented technology for live
auctions on mobile phones, Auctionata is, according to our own assessment,
excellently positioned to expand its leading market position."
German Startups Group increases its stake in its core holding Mister Spex
from 0.95% to 1.4%. Through its own websites in Germany, Austria,
Switzerland, France, Spain, Great Britain, and the Netherlands as well as
acquisitions of Swedish and Norwegian competitors, Mister Spex has become
the leading online optician in Europe. Mister Spex serves two million
customers by now and continues to grow strongly. Furthermore, Mister Spex
operates a partner network of 550 opticians and its first conventional
store, which was recently awarded the international design award "RedDot
Award" and is exceeding its own expectations. Following this concept,
Mister Spex monetises the high brand awareness created through online and
TV marketing and intends to familiarise customers with the process of
ordering glasses online in the additional stores planned. Apart from German
Startups Group, international venture capital funds as well as the
investment bank Goldman Sachs are among the investors of Mister Spex.
German Startups Group increases its investment in TVSmiles. The AdTech
startup has recently expanded its business model through the launch of its
Kwizzad platform. The new product enables publishers of mobile apps to
integrate the quiz-based ad format themselves, which has been optimised by
TVSmiles over the course of three years, and therefore enhance their
monetisation. According to the company, the app publishers achieve the
highest advertising revenues per thousand impressions compared to other
digital advertising platforms. This is due to the fact that the playful
engagement with the advertising content allows for an effective realisation
of campaign goals. Since the marketing conference dmexco, which took place
two weeks ago, Kwizzad is being rolled out very successfully with numerous
customers and increases TVSmiles' potential to scale tremendously,
according to view of German Startups Group.
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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