The biggest German financing rounds of 2012

Gold Bar
Gold Bar

Who raised the most cash in Germany last year? According to our info, a total 20 digital firms managed to secure funding rounds worth a two-figure million or above in 2012. Unsurprisingly, Rocket Internet portfolio companies were the most successful in receiving financing last year.

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Zalando – €287m

width="80"An impressive €287m was paid by AB Kinnevik for a 10 per cent stake in online fashion megastore Zalando, according to a press release. Prior investors in the site include Holtzbrink Ventures, Tengelmann and Rocket Internet.

Axel Springer Digital Classifieds – €237m

width="80"In March, media conglomerate Axel Springer bundled their digital classifieds together as Axel Springer Digital Classifieds. Internet job board StepStone, online real estate portal Immonet and leading French real estate portal SeLoger were brought under the roof of the new daughter company. Springer held onto 70 per cent of the shares and the remaining 30 per cent were bought by US private equity company General Atlantic – for a cool €237m.

Dafiti – $65m

width="80"In one of four funding rounds, Brazilian online fashion house Dafiti, from the Rocket Internet portfolio, managed to secure $65m from international investors. The fresh capital was supplied by Quadrant Capital Advisors and Investment AB Kinnevik (the latter had already invested in Dafiti and is the main financier of the Samwer businesses, next to US investors Summit Partners). US bank JP Morgan also contributed $45m in the end of August.

SoundCloud – $50m

width="80"SoundCloud’s third financing round was also the first major funding round of the New Year, as reported by Techcrunch Europe. American investors Kleiner Perkins Caufield & Byers contributed an estimated $50m in financing to the Berlin music platform.

Westwing – $50m

width="80"Westwing, Rocket Internet’s international shopping club for homewares, achieved a record financing round of $50m. Involved in the June investment were US investors Summit Partners, along with existing investors Access Industries, Holzbrinck Ventures, Investment AB Kinnevik and Rocket Internet. In total, Westwing raised $82m in funding.

Delivery Hero – €40m

width="80"With a new financing round of €40m, Berlin-based Delivery Hero Group achieved a more powerful position in the delivery service industry. The last funding round was led by Kite Ventures, along with venture debt provider Kreos Capital and previous investors – leaving the online food delivery portal with a suspected €80m in total investments.

Lamoda – $40 to $80m

width="80"After investing in Zalando and its Brazilian clone, Dafiti, US bank JP Morgan also bought into Russian online fashion store Lamoda – another portfolio company from the Rocket Internet house. The exact amount of the transaction was not made public, though Russian newspaper Kommersant estimated it at being between $40 and $80m.

Lazada – $40m

width="80"Swedish investors Investment AB Kinnevik contributed a solid $40m of financing in November for Lazada, the south-east Asian clone of Amazon. Shortly before this funding round, Lazada received a two-figure million investment from JP Morgan, while in December Summit Partners contributed a further €20m to the business.

Internetstores – €30m

width="80"The online store for all things cycling, the outdoors and furniture sold a minority holding to EQT Expansion Capital II – for €30m. Not only did EQT provide the cash, they are also contributing their professional know-how from their industrial network to support the growth and international expansion of Internetstores AG.

Namshi – $20m

width="80"According to Reuters, JP Morgan, together with London-based invesment firm Blakeney Mangement, in September invested $20m in the Samwer startup. Namshi was founded in 2011 as an online fashion shop for the Arabic realm. In August this year it was announced that fellow Rocket Internet company, Mizado, an Amazon clone, will come under the Namshi roof to add to the home electronics section of the site.

Lieferando – $20m

width="80"Financing online delivery service Lieferando last June apparently cost Australian investors Macquarie Group $20m, or about €16m. In return, the Australian bank received a 27 per cent cut of Lieferando shares, making them the largest shareholder in the company.

Mysportgroup – €13.5m

width="80"Mysportgroup gained new investors in their July financing round. Along with lead investors Nauta Capital, based in Barcelona, and Luxemburg investment firm Cipio Partners, the existing investors of Mysportgroup – XAnge Private Equity, IBB Beteiligunsgesellschaft and Grazia – took on more shares in the round. In total, Mysportgroup gathered a record amount of €13.5m of capital.

Auctionata – €13.2m

width="80"Berlin startup Auctionata, an online auction place, had hit the market for just a few months when they announced New York fund Kite Ventures and Russia’s Bright Capital had invested €13m fresh capital in December. The site recieved their first funding from Holtzbrinck Ventures, e.ventures and the Raffay Group.

Trademob – $15m

width="80"Last November, Trademob managed to gather $15m (about €12m) in funding. The lion’s share of the investment came from British-American investors Kennet Partners – in the company’s first engagement with the Berlin startup scene. Before that, Trademob was financed by Tengelmann Ventures and High-Tech Gründerfonds.

MyTaxi – €10m

width="80"In January, MyTaxi received a financial boost of €10m from Daimler subsidiary Car2go and Lars Hinrichs. Previous investors T-Venture and the KfW Banking Group were also involved in the financing, which was designed to aid the European expansion of MyTaxi.

DaWanda – at least €10m

width="80"In April, Insight Venture Partners invested in online marketplace DaWanda. The financing round, which involved, alongside the US investor, previous investors, apparently provided the Berlin business with a two-figure million sum.

9flats – at least €10m

width="80"The Berlin-based startup 9flats recieved a two-figure million funding round, led by the investment arm of Deutsche Telekom, T-Venture. Previous investors eVenture Capital Partners and Redpoint Ventures were also involved in the financing of the private accomodation service.

Payleven – at least €10m

width="80"Investment firm New Enterprise Associates (NEA), Russian private equity company ru.net and Holtzbrinck Ventures invested a two-figure million amount in Payleven in June, according to information from Deutsche Startups. Payleven is another startup from the Rocket Internet stable and a clone of the US provider Square.

SumUp – at least €10m

width="80"The mobile payment provider SumUp was launched in August with financing from Shortcut Ventures, Tengelmann Ventures, B-to-v Partners and Klaus Hommels. In total, the investors poured an eight-figure euro amount in the Berlin-London-Dublin business, which was launched in Germany, Austria, Great Britain and Ireland after a four-month test phase.

Papagei.tv – at least €10m

width="80"Hannover-based language learning portal Papagei.tv celebrated a two-figure million financing round in July – just two weeks after their launch. Founder Carsten Maschmeyer was the main investor.

Translated by Michelle Kuepper
Image credit: Rike from pixello.de

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