Bertelsmann co-invests with Active Capital Partners and 3i in the eCommerce shopping community BuyVIP

I am very happy to announce that BuyVIP signed a significant Series B financing round with Bertelsmann Digital Media Investments (BDMI), the Venture Capital arm of Bertelsmann, a leading global media house with revenues in excess of 18 bn. € in 2007.

BuyVIP is a private shopping community which was founded just two years ago by Gustavo Garcia and Gerald Heydenreich and now boosts a community of more than 2 Mio members in Spain, Germany and Italy. With Active Capital Partners we invested in the early stage round in February 2007. 3i joined us as co-investors in july 2007. In this round 3i extends its stake and MCI (Molins Capital Inversión, VC fund advised by Active Capital Partners) also participates in this round. Some other key investors are Rodolofo Carpintier, Michael Kleindl, Grupo Intercom and the EFF.

BuyVIP has recently reached its operational break-even and has generated in the first half of 2008 already more than 12 Mio. € in revenues. Only members of the shopping community can participate in the time limited campaigns, buying branded products at a reduced price or getting access to new collections. More than 300 top brands such as Calvin Klein, Ed Hardy, Diesel, Adidas, Puma, Nudie, Gucci or Fendi have already worked with BuyVIP.

Every day more than 10 campaigns are going life throughout Europe and every month more than 150.000 new members join BuyVIP. In April BuyVIP received the acclaimed Red Herring Top 100 award making it one of Europe’s most innovative and fastest growing companies.

Bertelsmann joining as a strategic investor will allow BuyVIP to extend the media reach, work even closer with top brands and further expand into new markets.

Futhermore BuyVIP has extended its Advisory Board by the following members:

Michael Kleindl

Co-founder and CEO of AdLINK Internet Media AG, President and co-founder of the European Interactive

Advertising Association (EIAA), Executive Advisor to the Zanox.de AG. Chairman of wunderLOOP.

Oliver Samwer

Managing Director at European Founders Fund, After founding Alando in 1999 and the sale to eBay Inc,
Oliver and his brothers founded Jamba! AG which was acquired in 2004 by Verisign Inc.

Rolf Schuchardt

Member of the Board of QUELLE Group. Europe’s largest mail-order, e-commerce and homeshopping

company with retail-stores and subsidiaries, Member of the Board of Directors of E. Breuninger KG

Department / Speciality Store-Organisation with shopping centers and several branches,

Managing Director / Director Sales of Horten AG Department Store Organisation with 50 branches

Congratulations to Gustavo and Gerald for the impressive

achievements on all levels of their business…!

Advertisements

2 Responses to “Bertelsmann co-invests with Active Capital Partners and 3i in the eCommerce shopping community BuyVIP”

  1. Enlaces 29 Angel María Says:

    […] Bertelsmann co-invests with Active Capital Partners and 3i in the eCommerce shopping community BuyV… […]

  2. Fahrschule Polen Says:

    Bertelmanns ist not far away from my home town. Their headquater is in a small German city called GÜTERSLOH.

    It’s good to hear that Bertelmann partners with BuyVIP. Bertelsmann, same as many other German leading companies, is well known to keep and maintain partnerships for a long time, as long as it is profitable for both sites.

    So BuyVip with this new strong partner is in a very good position to develop their market shares in an extraordinary way.

    Thumbs up for BuyVip.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: