Amazon is in late-stage discussions to take over Spanish private shopping club BuyVip; cloud computing developer Zimory has received high profile backing and a €4m investment; the Samwer brothers and Klaus Hommels have sold their shares in language learning platform Learnship; and Earlybird founder Hendrik Brandis has described investment conditions in Germany for venture capitalists as „sensational“.
Amazon close to BuyVip takeover
E-commerce giant Amazon.com was known to be sizing up a $2 billion takeover of the online private shopping club sensation Vente-Privée. Now, rumour has it that Amazon is in late-stage negotiations to acquire its Spanish rival BuyVip instead, as reported on TechCrunch. The move will be followed very closely in Germany, where market leader Brands4Friends is the most likely takeover target in this segment.
Zimory in €4m funding round
Zimory, a provider of management software for cloud computing, has secured a €4m investment from five high profile backers to take its „infrastructure-as-a-service“ model forwards. The aim is to bring „carrier grade cloud computing“ to the market via solutions that allow a more efficient use of server capacity in data centres. Creathor Venture Fund and High-Tech Gründerfonds, who led the round, were joined by the Investment Bank Berlin, T-Venture and KfW.
Samwers exit LearnShip
The shareholder list of e-learning platform LearnShip shows that Germany’s most prolific Internet investors, the Samwer brothers, sold their shares in the business in the latest funding round in August, in which big hitters Bertelsmann and DuMont Ventures both increased their shareholding. The Samwer brothers Marc, Oliver and Alexander decided this was a good time to exit the virtual platform for foreign language learning, as did leading European business angel Klaus Hommels. All four sold their shares to LearnShip founder Sushel Bijganath. Oliver Jung, another serial investor, and Team Europe Ventures also opted to exit.
Not enough VC for startups
In Germany there is not enough venture capital around for startups, according to Hendrik Brandis, the co-founder and managing partner at Earlybird, which has been investing in young technology companies for 14 years. In an interview with Wiwo.de (German), Brandis said that this had created „sensational“ conditions for venture capitalists, enabling them to get a lot more equity for their investments.