SevenVentures makes big bet on plus-size retailer Navabi in ‘media for equity’ deal

SevenVentures, the investment arm of the media conglomerate ProSiebenSat.1 Group, has received equity in online retailer for plus-size fashion Navabi, in exchange for media exposure that the former says will represent a “double-digit million” amount. All previous investors at Navabi, including Index Ventures and Verdane, remain on board. Navabi is using the round to achieve […]

NuCom acquires a majority stake in Aroundhome for €140 million

NuCom, the e-commerce arm of the media company ProSiebenSat.1, has acquired a majority stake in Aroundhome, a German online broker for household products and services. NuCom increased its stake from 42 percent to 94 percent in a deal worth €140 million; it purchased a 42 percent stake from General Atlantic and the rest from the […]

Project A closes new €140 million fund with further €40 million to follow

Berlin-based venture capital firm Project A has closed its second fund of €140 million with a follow up vehicle of €40 million expected to close soon. Investment in the fund was led by the European Investment Fund with participation from Axel Springer, Otto Group, ProSiebenSat.1, Jahr, Haniel, Ravensburger, and Oetker. Individual investors in the new […]

German media giant ProSiebenSat.1 buys majority stake in online dating firm PARSHIP ELITE Group in €300 million deal

ProSiebenSat.1 has acquired a majority stake (50% + one share) in the PARSHIP ELITE Group, an online dating service provider with its head office in Hamburg. The company, with its two brands PARSHIP and ElitePartner, is the leading online dating service in the German-speaking world, and for ProSiebenSat.1 the acquisition is a relatively big move […]

Axel Springer and ProSiebenSat.1 outed as anchor investors in Lakestar’s new €350 million fund

Lakestar, the VC firm started by super investor Klaus Hommels, recently announced its new €350 million fund, Lakestar II. Today, two German media giants, Axel Springer and ProSiebenSat.1 Media, revealed themselves to be ‘anchor investors’ in the new fund with a “combined medium double-digit million EUR amount” (German funding vagueness at its finest). Lakestar II […]