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, 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 […]
Media giant ProSiebenSat.1 has acquired the German Jochen Schweizer GmbH, an online platform that sells adventure and experience vouchers. The deal is reported to be worth €108 million.
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 […]
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 […]
Fineartmultiple, a Lucerne/Berlin-based online platform for contemporary art collectors, has secured a Series A funding round from - and sold a minority stake to - German media company ProSiebenSat.1 Media at an undisclosed amount in cash and media for equity, Tech.eu has learned. The art platform, which is owned and run by Swiss startup studio […]
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 […]