Today in Germany: GlassesGlobalGroup, Babbel, German Startup Group



GlassesGroupGlobal raises a $3 million Series A round

Berlin- and Kuala Lumpur-based GlassesGroupGlobal is a eyeglass retail startup that is founded and led by Christopher Strauch, former Managing Director of Zalora and ex-CEO of Rocket Internet UK. With this Series A round, its overall funding sums up to $4.5 million. The round was led by Caixa Capital and Nova Founders Capital. Angel investors Toivos Annus, Uwe Kolb, and Siegfried Drueker joined the round. Already being available to 14 markets, the investment will be used to expand to further ones.

Babbel raises $22 million

Berlin- and New York-based language learning service Babbel raises a $22 million funding round led by Scottish Equity Partners. Previous investors Reed Elsevier Ventures, Nokia Growth Partners, and VC Fonds Technology Berlin joined the Series C round. The fresh cash will be used to grow, especially in the U.S. where the startup opened its first international office.

German Startups Group shares details about upcoming IPO

The Berlin-based German Startups Group mentioned an IPO before. Now, the VC shares some details: It “is planning to go public on the Entry Standard of the Frankfurt Stock Exchange. The envisaged issue proceeds are to be used mainly to purchase shares in startups over the next two years. The current shareholders will not be selling any shares unless the underwriting banks exercise their so-called greenshoe option. The transaction is being accompanied by COMMERZBANK AG as the sole Global Coordinator/Joint Bookrunner as well as Hauck & Aufhäuser Privatbankiers KGaA, BHF-BANK AG and quirin bank AG as Joint Bookrunner.” According to Gründerszene, the price range per stock is between €2.70 and €3.60.
[press release], [Gründerszene] (German)

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