+++ Press release +++
German Startups Group places the previously announced convertible bond in full
Berlin, 28 February 2018 – German Startups Group, a leading venture capital provider in Germany and Berlin-based digital agency with 140 employees, issues the convertible bond, announced on 13 February 2018, of 3m euros, a term of 5 years and a conversion price of 2.50 euros per share. It was subscribed in full by Obotritia Capital KGaA of investor Rolf Elgeti that also acquired a block of shares amounting to 8% and, thus, is now the new lead investor in German Startups Group.
CEO Christoph Gerlinger: “We are delighted about the confidence of Rolf Elgeti who we were able to convince, amongst others, with the business perspectives of our open secondary market online platform
Investor Relations Kontakt
German Startups Group
German Startups Group – We Love Startups!
German Startups Group is a listed investment company and digital agency 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. Its focus is on companies whose products or business models includea 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. 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 most active private venture capital investor in Germany since 2012 (CB Insights 2015, PitchBook 2016). 22 of the 42 minority stakeholdings in operationally active companies are of particular significance to German Startups Group and together comprise 89% of the total value of all 42 active minority stakeholdings. The 10 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 at https://www.sgt-germanpe.com/.