The VC firm eVenture Capital Partners has revamped their portfolio summary and now publishes in addition to their European and North American portfolio also their Asian interests. The investment flows via their 25% stake in Infinity Venture Partners, which operates funds in Asia.
Using Infinity Venture Partners, eVC wants in particular to be active in Japan and China. Along those lines, eVC should have been twice as happy with the recent Groupon acquisitions – not only was the Russian Groupon clone Darberry an acquisition target, but also the Japanese clone Qpod. Previously, CityDeal was acquired by Groupon.
In a recent background talk in Hamburg, eVC boss Andreas Haug clarified their investment strategy and again stressed that although they work with money from the Otto Group, they are completely free and independent with their investment decisions. Startups exploit the benefits offered by the Otto Group, but there is no compulsion to look for synergies.
eVenture Capital Partners / BV Capital and other investors have recently invested $4.6 million in Ixtens, a US based SaaS provider that offers marketplaces for online retailers and media houses. They have not long ago added Stephan Uhrenbacher to the team as Entrepreneur in Residence.
Related posts:
- Groupon Takes Over Darberry.ru, the Next Otto Holding
- CityDeal Gets Another 5 Million Euro
- Deals Of The Day: Stylekick, Stylefeeder, CityDeal, KupiVIP, Wahanda, Mytheresa, Personello
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.
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