Corporate | 16 December 2016 18:13
German Startups Group increases its investment in the AdTech company TVSmiles
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DGAP-News: German Startups Group Berlin GmbH & Co. KGaA / Key word(s): Investment
+++ Press release +++
German Startups Group increases its investment
– German Startups Group restructures its management – German Startups Group was the third most active FinTech VC investor in Europe during the last year
The management of the general partner of German Startups Group Berlin GmbH & Co. KGaA, founder and CEO Christoph Gerlinger and Chief Investment Officer Nikolas Samios, have mutually decided to change the structure of the management in order to continue the successful collaboration. In this light, Nikolas Samios has resigned his management position and has instead committed to act as German Startups Group’s service provider and authorised signatory for the longer term through his long-standing consulting firm. Nikolas Samios successfully operated in the same constellation for German Startups Group already from 2013 to the end of 2014. The team thus reestablishes a successful structure. In the management’s view, no disadvantages for the shareholders are associated with this. There are also no direct financial effects because the compensation of Nikolas Samios or his consultancy takes place on the general partner level of German Startups Group and therefore not within the publicly listed limited partner German Startups Group Berlin GmbH & Co. KGaA. German Startups Group is the third most active venture capital investor in European FinTech companies in the time period from 3Q15 to 3Q16. This was reported in a joint study of the consultancy KPMG and the venture capital platform CB Insights. German Startups Group shares the third place with the British VC Balderton Capital and the publicly-financed High-Tech Gründerfonds.
Press contact
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 60% 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 .
16.12.2016 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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