Marondo Capital acquires stake in Oxid eSales

Oxid co-founder and CEO Roland Fesenmayr has also acquired additional shares from founding shareholders, which makes him the company's second largest shareholder after Marondo. IBG Beteiligungsgesellschaft Sachsen-Anhalt also owns a stake in the company.

Marondo held a first close for its Marondo Small-Cap Growth Fund I on €72m. It invests up to €15m in companies with revenues of more than €5m.

Following the transaction, Oxid will expand through internationalisation.

Previous funding
LBBW, KfW and BMP Ventures invested in the company in 2008.

Company
Based in Freiburg, Oxid is an e-commerce software provider. The company was founded in 2003 and employs approximately 60 people.

People
Marondo Capital – Hansjörg Ruof (partner, co-founder).
Oxid eSales – Roland Fesenmayr (co-founder, CEO).

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