Gimv acquires 40% stake in Joolz

Joolz aims to roll out its core offering in existing and new markets while launching new products, tripling its turnover over the next five years.

Gimv typically invests between €5-40m in companies with EVs of up to €150m, operating within the technology, life sciences and clean technology sectors in Europe and the US. Its most recent investment was a €6m contribution to a €26m series-A  round for G-Therapeutics.

Company
Based in Amsterdam and founded in 2004, Joolz designs and manufactures ergonomic pushchairs and accessories, with a focus on environmental issues and sustainability, for instance by using re-usable packaging.

Joolz's products are currently available in 25 countries across Europe, Asia and Australia. The company recorded a €23m turnover for 2015 and employs 70 people.

People
Gimv – Arie Hooimeijer (principal).

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