SevenVentures is a wholly-owned subsidiary of ProSiebenSat.1 Media bundling the Group's online investments. Two strategic business units of the Group are pooled in SevenVentures: the media-for-equity and media-for-revenue-share business, in which companies get provided with advertising time for revenues or equity shares in return. Seven Ventures is also responsible for the network´s electronic shopping offers: the ProSieben Entertainment Card in cooperation with Targobank and ProSiebenProducts.de, the new referral marketing platform for medium-sized companies.
SevenVentures Headquarter Location
49 (0) 89/95 07 - 8699
Latest SevenVentures News
Aug 11, 2021
Refurbed , a European marketplace for refurbished electronics which raised a $17 million Series A round of funding last year , has now raised a $54 million Series B funding led by Evli Growth Partners and Almaz Capital. They are joined by existing investors such as Speedinvest, Bonsai Partners and All Iron Ventures, as well as a group of new backers — Hermes GPE, C4 Ventures, SevenVentures, Alpha Associates, Monkfish Equity (Trivago Founders), Kreos, Expon Capital, Isomer Capital and Creas Impact Fund. Refurbed is an online marketplace for refurbished electronics that are tested and renewed. These then tend to be 40% cheaper than new, and come with a 12-month warranty. The company claims that in 2020, it grew by 3x and reached more than €100 million in GMV. Operating in Germany, Austria, Ireland, France, Italy and Poland, the startup plans to expand to three other countries by the end of 2021. Riku Asikainen at Evli Growth Partners said: “We see the huge potential behind the way Refurbed contributes to a sustainable, circular economy.” Peter Windischhofer, co-founder of refurbed, told me: “We are cheaper and have a wider product range, with an emphasis on quality. We focus on selling products that look new, so we end up with happy customers who then recommend us to others. It makes people proud to buy refurbished products.” The startup has 130 refurbishers selling through its marketplace. Other players in this space include Back Market (raised €48 million), Swappa (U.S.) and Amazon Renew. Refurbed also competes with Rebuy in Germany and Swapbee in Finland.
2 Team Members
SevenVentures has 2 team members, including former Managing Director, Claas van Delden.