+++ Press release +++
German Startups Group profitable again in the first half of 2018 –
Sale of two stakes significant to the company agreed
Berlin, 13 September 2018 – German Startups Group, a leading venture capital provider in Germany and Berlin-based digital agency with 150 employees, has been profitable again in the first half of 2018, according to preliminary calculations. German Startups Group achieved a preliminary net consolidated profit of roughly 0.10 euros per share (IFRS) in the reporting period. Therefore, with exception of 2016, the company has been continuously profitable since its first full fiscal year.
German Startups Group has agreed on the sale of one focus investment and another shareholding significant to it and, therefore, will realise proceeds in the amount of the book value.
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German Startups Group
German Startups Group – We Love Startups!
The German Startups Group, a publicly traded company comprises one of the leading VC providers in Germany with a digital agency employing 150 staff in Berlin. With a focus on Germany’s young, fast growing companies – so called startups – the company acquires majority and minority shareholdings by providing venture capital. The core investment focus is on those tech companies whose products or business models include disruptive innovation, allow for a high degree of scalability and are run by strong entrepreneurial management teams. Since it commenced operations in 2012, German Startups Group has built a diversified portfolio of stakes in such companies and has become the most active private venture capital investor in Germany (CB Insights 2015, Pitchbook 2016). With the launch of G|S Market™ via a wholly owned subsidiary German Startups Market GmbH, the company operates a secondary market platform for tech assets
More information at http://www.german-startups.com/.