Venture capitalist matched 2004 by investing $21.7bn in 2,939 deals in 2005, according to the MoneyTree Survey by PricewaterhouseCoopers, Thomson Venture Economics and the National Venture Capital Association. Full-year 2004’s $21.6bn marked the first increase in venture capital investing after three years of consecutive declines.
Exit represents an 18x return on Octopus's initial investment and a 9x return on its total investment
Deal follows M&A litigation initiated after coronavirus uncertainty and financing difficulties
Rehms Building Technology has sold the businesses as part of its self-administration proceedings
Startup has so far raised more than €100m and is backed by VC firms Seed Capital, Greyhound, Augustinus, Socii and private investor David Helgason