VC-backed Wirkaufens raises €11m

Existing investors Ventech, PDV Inter-Media Venture, Investitionsbank des Landes Brandenburg (ILB) and Seven Ventures also reinvested in the company.

PDV Inter-Media is a subsidiary of the media group Pressedruck, which focuses on investing in the media sector.

ILB is backed by the EU Regional Development Fund, the German Ministry of Economics and Energy and the Federal State of Brandenburg. It is currently investing from its 2009-vintage BFB Wachstumsfonds Brandenburg. The €37.5m fund has already committed €31.1m in growth capital to 25 businesses.

Previous funding
According to unquote" data, Point Nine Capital acquired a minority stake in Wirkaufens in December 2010, when the private equity house took part in an initial funding round. Ventech joined Point Nine Capital in July 2011 as part of a €4m round.

Company
Founded in 2008 by Christian Wolf, Wirkaufens is an online marketplace for high-value refurbished consumer electronics. It has more than 100,000 customers in Germany, Austria and Poland, who buy more than 20,000 refurbished devices per month.

Wirkaufens has a refurbishment factory in Frankfurt in addition to its Berlin headquarters, employing more than 100 people.

People
Daniel Boldin is CEO of Wirkaufens. Claire Houry is a partner at Ventech. Walter Grassl is managing partner at Munich Venture Partners. Tomasz Danis is an investment partner at MCI.

Advisers
Equity – Clipperton Finance (Corporate finance).

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• Topics
• DACH
• Expansion
• Consumer
• Germany
• MCI Management