Yuri Milner’s investment fund DST Global has stocked up on shares of Zalando up to their usual level of about (9 to) 10%. The previously known stake had been 4% (German link).
Kinnevik, who previously already invested 120 million Euro (95 million of which in 2011- see German link), has also participated in this financing round. In the press release (via email):
“The Zalando shareholders DST Global and Kinnevik have underwritten a further financing round with Zalando.
The two shareholders are thereby exercising an option agreed in the last financing round January which allows for a capital increase according to the same conditions.
Both investors are each acquiring a further share of about 5% of Europe’s leading online retailer for shoes and fashion products.” (ExcitingCommerce translation)
Zalando achieved 200 million Euro in net revenues in the first half year of 2011 (German link). In 2010 it was 159 million Euro.
Gründerszene recently published an interesting article (in German) with their take on an internal investment presentation from DST Global. Contents of the leaked document and analysis in English are presented by VentureVillage.
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.
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