German Startups Group

DB: GSJ

€16.9m market cap

€1.41 last close

German Startups Group (GSG) is a Berlin-based venture capital investment company, primarily focused on providing investment to technology businesses in German-speaking countries. The company currently holds 43 companies in its investment portfolio and a majority stake in digital agency Exozet

Investment summary

German Startups Group (GSG) is transforming its business model to an asset manager and an online matchmaking platform for transactions in secondary shares in German start-ups and venture capital (VC) funds. This could potentially create value beyond its existing NAV. Meanwhile, we estimate that (after accounting for post-balance sheet events), GSG’s shares trade at a discount to NAV of 42%. The company opened its trading platform on schedule, with the next steps including the launch of the G|S Tech50 Fund and planned co-operation with SharesPost to open the US market to German investors.

Share price graph
Price performance
%
1m
3m
12m
Actual 0.7 5.2 (14.5)
Relative* (3.2) (5.5) (11.5)
52-week high/low €1.8/€1.2
*% relative to local index
Key management
Marcel Doeppes Head of IR