Online Jewelry seller Elumeo plans IPO
The Berlin-based jewelry e-ecommerce elumeo Group plans an IPO with Société Générale Corporate & Investment Banking and Baader Bank AG managing it as joint global coordinators and bookrunners. The company targets the value of the IPO between €40 million and €60 million. Elumeo was founded in 2008 and reported that it average compound annual growth rate from sales has been about 30 percent since 2009.
Rewe Digital invests in payment provider Barzahlen.de
Berlin-based Barbezahlen.de lets users order online and pay in cash at certain (offline) retailers. REWE Digital GmbH now invested a seven-digit Euro amount. The investment will be used to expand the product portfolio and include other industries. As of right now, the service is used by over 550 companies, e.g. in the online gaming or traveling sector. New industries will cover branches like insurances.
, [Gründerszene] (German)