Tipp24 AG (Germany) - Nov 2007

Earlybird sold its remaining shares in Tipp24 AG, which is listed on the Prime Standard in Frankfurt. Tipp24, Germany’s leading internet provider of Lotto, Oddset, and other government-licensed gaming products, floated in October 2005, which was 15x oversubscribed. Overall, Tipp24 returned more that 20x the original Earlybird investment.

Previous funding

Earlybird provided the early stage financing to Tipp24 in 1999 and led the second round of financing in 2000. Earlybird further supported the company by selling 45% of its shareholding when the company floated. To further the growth of the company, Earlybird coached its founders and fine tuned the business model. Dr Christian Nagel, Managing Partner of Earlybird Venture Capital, acted as chairman of the supervisory board, and Earlybird also sourced the CFO, who joined from Earlybird. Earlybird took the lead in initiating the IPO process.

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• Topics
• DACH
• Exits
• Consumer
• Germany
• Flotation