Profitable Exit – HTGF sells its Tiramizoo Shares to other investors
During the course of the latest financing round, High-Tech Gründerfonds sold its Tiramizoo Shares through a profitable Secondary Transaction to DPD and BayBG.
Tiramizoo, the Munich startup founded in 2010 by Michael Loehr and Volker Schneider, is an innovative logistics Startup and one of the country’s leading operators in the Same-Day Delivery sector. Tiramizoo now offers its services in 15 cities in Germany.
In 2011, High-Tech Gründerfonds invested in Tiramizoo, together with co-investor Bayern Kapital, as well as with Burkhard Blum and Dirk Reiche. In September 2012, HTGF-Fund Investor Daimler also came on board with a minority investment and strategic partnership in the Mobility sector.
With a further investment and strategic partnership in July 2013 from DPD, as well as an investment from BayBG, the company is well situated for further expansion and High Tech Gründerfonds decided to sell its shares to the other shareholders.
Curtis MacDonald, Investment Manager at HTGF responsible for the Tiramizoo investment, explained, “We are very happy, that already after two years we’ve been able to realize a profitable exit from this investment. The company and the market have proven that there is a strong need for Same Day Delivery”.
About High-Tech Gruenderfonds
High-Tech Gruenderfonds invests in young, high potential high-tech start-ups. The seed financing provided is designed to enable start-ups to take an idea through prototyping and to market launch. Typically, High-Tech Gruenderfonds invests EUR 500,000 in the seed stage, with the potential for up to a total of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnership include the Federal Ministry of Economics and Technology, the KfW Banking Group, as well as strategic corporate investors including ALTANA, BASF, B. Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Lanxess, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss. High-Tech Gruenderfonds has about EUR 573.5 million under management in two funds (EUR 272 million HTGF I, EUR 301.5 million HTGF II).
High-Tech Gründerfonds Management GmbH
Curtis MacDonald / Stefanie Zillikens
phone: +49 (228) 823 001-07
fax: +49 228 823 000-50