HTGF, Kima exit eWings.com in trade sale
B2B services company Hogg Robinson Group has entered into an agreement to acquire German digital business-travel service eWings.com, enabling the exit of several VC backers.
The acquisition, the terms of which were not disclosed, is expected to complete in early June.
In December 2013, German Startups Group invested in the online flight booking service, acquiring a minority stake for an undisclosed amount. In June 2015, High-Tech Gründerfonds led a €1.1m round of early-stage funding for eWings. FSF Beteiligungs and Kima Ventures, as well as existing investors, took part in the financing round. The company was to use the capital injection to further strengthen its product development and push expansion.
Company
Founded in 2014, eWings is a software solution for booking and managing flights for frequent flyers and business customers. The company is based in Berlin, Germany.
People
Hogg Robinson Group – Bill Brindle (chief investment officer).
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