German Startups Group


€17m market cap

€1.42 last close

German Startups Group is a Berlin-based venture capital investment company primarily focused on providing investment to technology businesses in German-speaking countries. With the launch of its secondary shares trading platform, the company started the transition to a wider business model, including a marketplace.

Investment summary

On 17 December, German Startups Group (GSG) announced that it has sold its 50.8% stake in the digital agency Exozet to Endava, a US-listed technology service provider headquartered in London. GSG will receive c €11.2m in gross cash proceeds (€10.8m after deducting M&A commissions), translating into a disposal gain of around €6.1m (or €0.54 per share). The gain represents c 40% of GSG’s market capitalisation calculated on the closing price of €1.46 on 16 December. GSG had been considering the sale of Exozet for some time and has now achieved an exit price ahead of its initial assumptions.

Share price graph
Price performance
Actual (0.7) (8.7) (0.4)
Relative* (16.4) (10.9) (4.0)
52-week high/low €1.8/€1.1
*% relative to local index
Key management
Marcel Doeppes Head of IR

Content on German Startups Group