Friday, 9 September 2016

Rocket Internet lowers stake in Home24 brand.

The Home & Living online retailer Home24 AG (“Home24”) signed a EUR 20 million funding round at a EUR 420 million post-money valuation, which previously stood at EUR 981 million. 

Rocket Internet SE (“Rocket Internet”) participates with a EUR 1.4 million investment in this round. Baillie Gifford and other investors are also participating in this round. As a result of the transaction, Rocket Internet’s combined direct and indirect stake will decline to 42.9%, from previously 44.6%.