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German Startups Group enters the PropTech segment with a financing of realbest and expands its stakes in five portfolio companies
- Increase of stakes in Book a Tiger, Friendsurance, Lingoda, Mister Spex, and Savedo
- Classification into Tech sector by the German Stock Exchange
German Startups Group, the second most active venture capital investor in Germany in the period since 2012 (CB Insights, 2015), provides the PropTech startup realbest with venture capital. realbest is the first online transaction platform for real estate that digitalises the significant steps within the purchase and sales process. The company, founded in 2013 and based in Berlin, sells real estate across Germany from private and professional property sellers through its online network of qualified real estate agents and financial service providers. According to the company, this network reaches over 100.000 potential buyers. Currently, over 350 million euros worth of real estate offers can be found on realbest. Co-investors include Obotritia Capital from Rolf Elgeti, Ventech, as well as immotech ventures from the property developer Marius Marschall von Bieberstein. Technology companies within the real estate area are summarised under the term PropTech. Next to FinTech, PropTech is considered one of the new trends in the area of digitalisation.
Furthermore, German Startups Group has expanded its stake in Book a Tiger, one of the leading online booking platforms for cleaners, in Friendsurance, a successful Insur-/FinTech startup, in Lingoda, a live online language school, in Mister Spex, the leading online optician in Europe, and in Savedo, a FinTech startup for optimising term deposits.
German Startups Group GmbH & Co. KGaA (ISIN: DE000A1MMEV4) has been listed on the German Stock Exchange in the Entry Standard since 11 November 2015. As part of the listing, the share capital of 11.1 million shares was included in trading. From 21 March 2016 onwards, the German Stock Exchange will no longer consider German Startups Group part of the "Classic" sector, but classify it as part of the "Technology" sector.
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