Our Holdings

German Startups Group VC's holdings of particular significance*

GROWTH STAGE

    • Armedangels - Sustainable Fashion E-Commerce

      Armedangels - Sustainable Fashion E-Commerce
      Armedangels is a social fashion e-commerce company headquartered in Cologne that focuses on sustainability, fair working conditions, and environmentally-friendly, non-hazardous material. The company sells its clothing online and through conventional distribution channels in five different countries. Armedangels appeals to a strongly growing customer group that places great value on the aforementioned criteria. Since its foundation in 2007 as a pure online shop with just a few T-shirt designs, the company has, in its own view, successfully established itself as a young, sustainable brand.Armedangels generates substantial turnovers, is growing strongly, employs over 90 people and is represented in fourteen countries. In 2018, Armedangels was able to achieve a 100 percent ratio in the use of sustainable raw materials. The company has not yet published its recent positive sales performance, which continues to be positive, so we are committed to confidentiality.Share 2.8%

    • AuctionTech - Online livestream technology for auctions

      AuctionTech - Online livestream technology for auctions
      AuctionTech has been founded in 2017 by lead employees of Auctionata, the former biggest online auction house for luxury goods, and from which's insolvency estate the online livestream auction technology, developed over many years at great expense, has been acquired at a low price with the help of German Startups Group. The founding team around CEO Jan Thiel offers regular auction houses and online marketplaces this unique technology as a cloud Software-as-a-Serivce so they can operate live video auctions without latency and by that reach bidders worldwide no matter their respective size or geographical location. Potential segments besides artworks, luxury goods, watches, jewelry and antiquates are also classic cars, real estate and B2B investment goods. The product can be embedded easily in the auction house’s own website as a white label solution for a license fee so no brand or media disruption occurs. Late 2018 AuctionTech announced its cooperation with RE⁄MAX Austria, the Austrian market leader and world's biggest real estate agent, to roll out a digital bidding process for the sale of real estate which will be extended to other countries in the future. Only recently, AuctionTech entered into a partnership with star auctioneer and founder of the third largest auction house in the world, Simon de Pury, to jointly enable online auctions in real time from anywhere in the world. German Startups Group is involved as lead investor.Share 23,4%
    • Chrono24 - The world's leading online market for luxury watches

      Chrono24 - The world's leading online market for luxury watches
    • Delivery Hero – Online Food Delivery Service

      Delivery Hero – Online Food Delivery Service
    • Exozet is a repeatedly awarded digital agency that offers consultancy and execution services for the 'Digital Transformation' of all business processes. This includes, in particular, the design, realisation, and operation of demanding multimedia solutions with focus on mobile, video, virtual and augmented reality as well as e-commerce and online marketing on various platforms – the seamless combination of technology and design in the digital media. Exozet employs approximately 140 staff in Berlin (headquarters), Potsdam-Babelsberg, and Vienna. In addition to media conglomerates such as Axel Springer or BBC, big-name brands and organizations such as ZDF, Media Broadcast - freenet, Gothaer, Burda, Audi and Deutsche Telekom as well as startups such as Wooga, LaterPay, Adviqo, colorfy, the Zene, and portfolio companies of German Startups Group have been or are clients of Exozet.Exozet was founded by CEO Frank Zahn. In 2016, Peter Skulimma joined Exozet as Chief Commercial Officer.Share 50.8%

    • Fiagon - MedTech for ENT Navigation

      Fiagon - MedTech for ENT Navigation
    • Friendsurance – Insurance FinTech

      Friendsurance – Insurance FinTech
    • Fyber - Mobile Advertising Monetization Strategies

      Fyber - Mobile Advertising Monetization Strategies
      Fyber (formerly SponsorPay), founded in 2009, is an AdTech company and provider of mobile advertising monetization strategies for app developers and publishers. Fyber is able to automatically optimize and manage ad revenues with the aid of a unified mobile supply side platform, for example through an ad marketplace on which the offering of mobile ads by app developers and publishers is brought together with demand from advertisers using real-time bidding. Within this, advertisers are given the opportunity to reach over 150 million monthly unique app users. Fyber was recently chosen by VentureBeat as one of the Top 10 Mobile Advertising Companies, and it has approximately 180 employees across its headquarters in Berlin and branches in San Francisco, Los Angeles, New York, London, Paris, Istanbul, Seoul, and Tokyo.German Startups Group had an indirect share in Fyber by means of Special Purpose Vehicles (SPV). The SPVs sold their shares to a company listed on the stock exchange in October 2014.
    • Juniqe - Online Shop for Art, Apparel, and Accessories

      Juniqe - Online Shop for Art, Apparel, and Accessories
    • Lingoda - Online-Sprachschule

      Lingoda - Online-Sprachschule
      Lingoda is the number one trusted online language school. Founded in Berlin, Germany in 2013, and provides convenient and accessible online language courses in several different languages to over 60,000 students worldwide. Lingoda’s private and small group classes are taught by over 1,000 qualified, native-speaking teachers. With over 450,000 classes available per year and accessible 24/7, Lingoda’s mission is to empower even the busiest people to master a language and unlock their potential — at any time, from anywhere.

      The founders of Lingoda believe in a communicative approach to language learning: mastering a language means being able to speak it with confidence. Their CEFR-focused (Common European Framework of Reference) learning materials are designed by linguistic experts and focus on meaningful topics that are applicable to the students’ interests, careers and everyday lives. Thanks to their extensive rotating roster of teachers and the small group classes, students are exposed to a variety of regional accents and expressions within the same language and have the time and space to practice speaking in every lesson. Lingoda’s team includes over 100 international professionals from 30 countries and 40 languages. In 2020, Crunchbase listed Lingoda among the 10 largest online language learning companies globally. Lingoda has a score of 4.5 of possible 5.0 on Trustpilot and 75% of their reviews rated as ‘excellent’.
      Share 0,8%

    • Mister Spex – Brand Glasses Online

      Mister Spex – Brand Glasses Online
    • Onefootball - Largest online football platform

      Onefootball - Largest online football platform
    • reBuy – The Easy Buy and Sell Platform

      reBuy – The Easy Buy and Sell Platform
    • Remerge - App Retargeting

      Remerge - App Retargeting
      The AdTech startup remerge enables app providers to place ads through an integrated retargeting platform in more than 350,000 other apps, according to the company. Thus, advertisers can reach, according to Remerge, up to 700,000 users worldwide per second. The addressed user target group can be defined in detail according to various criteria. This reduces scatter losses and therefore increases the advertiser’s marketing impact as well as the revenue of the app publisher since higher click rates can be achieved through Remerge. Apps become increasingly more important as an advertising medium because of their enormous international prevalence on more than 2.5 billion smartphones worldwide. Remerge has achieved a growth in revenue of over 500% in the first three quarters of 2016 compared to last year’s period, according to the company.Share 2.4%
    • Scalable Capital - Asset Management Technology

      Scalable Capital - Asset Management Technology
      With the help of modern risk management technology, Scalable Capital provides access to cost-efficient, professional asset management - a kind of financial investment that used to be reserved for wealthier investors due to the costs associated with personal investment advisors. The FinTech startup, founded in December 2014 in Munich, provides their customers with a globally diversified ETF portfolio, tailor-made to the personal risk profile of each user, supervised and managed around the clock. The individual risk tolerance of the investor is the benchmark for all investment decisions.CEO Erik Podzuweit previously was Co-CEO of Westing and Executive Director at Goldman Sachs. Scalable Capital is an authorised wealth manager by the BaFin and the FCA. The company is winner of the Angel's Choice Award of the Web Summit 2015 and the FintechGermany Award 2016, was awarded the grade 'very good' by the finance magazine Euro am Sonntag, won the Innovation Award for the best automatic online wealth management at the Börsentag 2016, and was named the best robo advisor in Germany by Brokervergleich.de. Scalable Capital is the leading robo advisor in Europe with assets under management of more than 200 million euros. Apart from German Startups Group, Holtzbrinck Ventures, Monk’s Hill Ventures, MPGI, and several buiness angels have invested in Scalable Capital.
    • Simplesurance – One-Click Online Insurance for Purchases

      Simplesurance – One-Click Online Insurance for Purchases
    • SoundCloud - Social sound platform

      SoundCloud - Social sound platform
    • Wunder Mobility – Mobility technology service provider

      Wunder Mobility – Mobility technology service provider

EARLY STAGE

    • Amorelie - Sensual E-Commerce

      Amorelie - Sensual E-Commerce

    • CRX Markets - Supply chain finance platform

      CRX Markets - Supply chain finance platform
    • Software Solutions for review management

      Software Solutions for review management

    • eWings.com – Platform for Flight Bookings

      eWings.com – Platform for Flight Bookings
    • Pyreg - GreenTec for Carbonisation Machinery

      Pyreg - GreenTec for Carbonisation Machinery
      Since 2010, Pyreg designs, develops, and manufactures machinery for carbonisation purposes, which convert wet biomasses into valuable biochar in an environmentally-friendly way as well as sewage sludge into fertilizing substrates which almost free of pollutants. During the process, a surplus in heat energy is created that can also be efficiently used for different purposes. Irrespective of whether used in the waste water, fertiliser, composting, forestry and agriculture industries or municipalities, the combination of multi-purpose benefits of a Pyreg system contributes to enhancing the value chain of its respective operators.Pyreg is committed to climate protection and its high-quality machines is not only known for its economical but also its ecological sustainability. A single Pyreg 500 unit – for the production of biochar for instance – effectively sequesters the annual CO2 emissions of up to 500 motor vehicles per year.Pyreg was nominated in 2016 by the German Institute for Invention for the, according to the institute, oldest innovation award in the world, the Dieselmedaille, as the most sustainable innovation.German Startups Group has invested in Pyreg along with different holding companies, including Skion GmbH of Quandt heiress Susanne Klatten, and knowledgeable business angels.

    • Pyreg - GreenTec for Carbonisation Machinery

      Pyreg - GreenTec for Carbonisation Machinery
      Since 2010, Pyreg designs, develops, and manufactures machinery for carbonisation purposes, which convert wet biomasses into valuable biochar in an environmentally-friendly way as well as sewage sludge into fertilizing substrates which almost free of pollutants. During the process, a surplus in heat energy is created that can also be efficiently used for different purposes. Irrespective of whether used in the waste water, fertiliser, composting, forestry and agriculture industries or municipalities, the combination of multi-purpose benefits of a Pyreg system contributes to enhancing the value chain of its respective operators.Pyreg is committed to climate protection and its high-quality machines is not only known for its economical but also its ecological sustainability. A single Pyreg 500 unit – for the production of biochar for instance – effectively sequesters the annual CO2 emissions of up to 500 motor vehicles per year.Pyreg was nominated in 2016 by the German Institute for Invention for the, according to the institute, oldest innovation award in the world, the Dieselmedaille, as the most sustainable innovation.German Startups Group has invested in Pyreg along with different holding companies, including Skion GmbH of Quandt heiress Susanne Klatten, and knowledgeable business angels.
    • realbest - online transaction platform for real estate

      realbest - online transaction platform for real estate
      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 2.5 million potential buyers. Currently, over 350 million euros worth of real estate offering 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.

  • Thinksurance - Commercial Insurance Platform

    Thinksurance - Commercial Insurance Platform

*Operationally active companies only (i.e. without special purpose vehicles). We publish investments and hence the shares of companies that are in our portfolio at our sole discretion, if and when the time is thought best by the portfolio company itself and by us. Thus, the following list raises no claim to completeness.