Made.com raises $60 Million, focussing on launch in Germany
London-based online furniture retailer Made.com announces a $60 million round to expand its business in Europe. The round was led by Partech Growth Fund and supported by Fidelity Growth Partners as well as existing investor Level Equity. Towards Gründerszene CEO Ning Li mentioned that the investment is mainly to a war chest for the German market, where players like Rocket Internet’s Home24 and Westwing are already on the market.
[TechCrunch], [Gründerszene] (German)
ProSiebenSat.1 is in talks to buy a stake in Scout24 group
According to Handelsblatt, German TV broadcaster ProSiebenSat.1 is in negotiating to buy a stake in advertising group Scout24 from U.S. private equity firm Hellman & Friedman. Rumors also have it, that Scout24 is currently planning an IPO.
[Reuters], [Gründerszene] (German)
Kizoo invests in Prescreen
Karlsruhe-based VC Kizoo invests an unknown amount in Germany-Austria-based e-recruiting startup Prescreen. It is a seven-digit amount, a specific number was not shared. CEO Constantin Wintoniak mentioned towards Gründerszene that most of the investment will be used to continue growth in Germany, Austria, and Switzerland. By analyzing CVs and questionnaires, Prescreen helps companies to find the right staff.