Capvis-backed Wer Liefert Was bolts on Gebraucht.de

The management team and all employees will stay on following the transaction and the company will continue to operate independently.

Wer Liefert Was was acquired by Capvis in 2017 from Paragon Partners. It operates two B2B marketplaces, one under its own brand and another called Europages.

Wer Liefert Was purchased the company partly because of its speciality in developing user-centred platforms and mobile apps with good UX and user engagement, communication functions between buyers and sellers and cloud-based infrastructure and architecture. The company’s IT team will assist in the further development of Wer Liefert Was’ platform and EuroPages.

Previous funding
The founder of delivery service Lieferando Kai Hansen and his venture capital firm Rheingau Founders invested in a seed round for the company in 2015.

A number of business angels including Wer Liefert Was CEO Peter Schmid, ReBuy co-founder Marcus Börner, former CFO of ProSiebenSat.1 Jan Kemper and Kai Hansen invested €1m in the company in 2017.

Later in 2017, the venture capital arms of media company Tamedia and media consultancy Müller Medien invested an undisclosed seven-digit sum in the company to expand into the Austrian and Swiss markets.

In September 2018, the company issued a convertible note to Castel Capital.

Germany-based media company WeltN24 and private equity firm Auden were also investors, according to Germany-based publication Gründerszene.

Company
Founded in 2014, Gebraucht.de is a second-hand online marketplace based in Berlin. It employs 20 people. The site retains a fee of less than 10% of the retail price of items sold and offers additional services such as packaging and postage.

People
Wer Liefert Was - Peter Schmid (CEO).
Gebraucht.de - Stefan Tietze (founder); Oliver Kaiser (co-founder, CEO).

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