--- Connecting LPs & GPs worldwide
--- Connecting LPs & GPs worldwide
German growth investor Creathor Venture has invested a ‘seven figure sum’ in Shopgate, which provides mobile shopping solutions for mail order and retail businesses.
The Frankfurt-based company was founded in 2009 and has 20 employees, and already boasts more than five million products, over 200 merchants and more than 100 apps available to buy.
The company said it will use the funds to improve sales and marketing and support future growth.
Gert Köhler, Creathor’s CEO, said the platform allows medium and small-sized retailers to benefit from using a smartphone as a sales channel.
“Shopgate has made an excellent progress in a short time and is well positioned,” he said.
“Besides the team’s quality, there is a simple reason why the mail order and retailing business via mobile devices has been dominated by big players like eBay or Amazon, which is that they can afford expensive mobile solutions and marketing,” he added.
Copyright © 2011 AltAssets
Germany’s largest planned network of solar parks has been acquired by an unnamed private equity investor for €140m.
The seller is ecolutions Solar Deutschland and commercial law firm and renewable experts CMS Hasche advised the buyer on all aspects of the transaction.
GP Joule PV is building the 12 parks in the Brandenburg region and, once complete, the network will have a capacity of 72MW, sufficient to supply 17,500 households. It has been looking for investors into several of its planned developments taking place over the next few years.
Copyright © 2011 AltAssets
