- Pressemitteilung BoxID 47353
Earlybird Venture Capital agrees to sell dooyoo.de
In 1999, Earlybird identified dooyoo.de. The initial institutional early-stage financing round was funded by Earlybird and 3i Deutschland in December 1999. A second financing round in May 2000 added CNET. This was followed by a third financing round in May 2001.
Dr. Hendrik Brandis, Managing Partner at Earlybird and the investors' representative on the Board of dooyoo.de, comments the forthcoming entry of LeGuide.com: "We are satisfied to see that dooyoo.de was able to build one of the leading pan-European content-based e- commerce portals. This transaction reflects Earlybird's approach of identifying and developing German and European technology companies and adding value to their international growth. We are very pleased to sign with LeGuide.com, a leading European shopping guide and a perfect partner to develop the dooyoo success story."
Lutz Röllig, CEO of dooyoo AG, comments on the successful and rewarding relationship with dooyoo's first investor: "The integration of our business into LeGuide.com will help to further expand the use of our know how to successfully combine, on the one hand, the shopping guide expertise and, on the other hand, the consumer reviews and community skills. Earlybird coached us through all the years to implement successfully our business strategy and supported us in the next important step: the sale to LeGuide.com."
Earlybird Venture Capital GmbH & Co. KG
Earlybird Venture Capital was established in 1997 and is one of the most successful European venture investors. Currently, Earlybird manages over 400 million Euros of assets for more than 20 international investors. Earylbird invests in innovative, fast growing companies with outstanding management teams and high growth potential on international markets.
Earlybird's investment focus is on innovative companies within the sectors software, semi-conductor technology, information and communication technology, internet based services, cleantech and medtech. Earlybird's portfolio includes more than 21 companies in seven countries (Germany, Switzerland, Sweden, UK, USA, Italy and Spain). Since inception Earlybird has invested in more than 55 companies.
Earlybird supports and accelerates entrepreneurial success. As one of the leading early stage venture capital investors in Europe, Earlybird offers entrepreneurs profound experience in setting up young businesses and supporting companies from the cradle to profitability: Earlybird does not only offer capital in the start-up-phase but also supports financing in later growth phases.
Within two years, six of Earlybird's technology companies have floated on various European stock exchanges: Interhyp, Tipp24 and Wilex, Esmertec, Entelos and NoemaLife. Interhyp alone returned fifty times its original investment. In addition to that, Earlybird supported element 5 in its acquisition by Digital River, Identify in its acquisition by BMC Software, Alantos in its sale to Amgen, AbaXX in its sale to Cordys, amaxa to Lonza and dooyoo in the sale to LeGuide.