Hasso Plattner Ventures has provided OSN GmbH, the company behind family networking site verwandt.de, with a second round of funding. This marks the investor’s largest investment to date. Existing investor, Neuhaus Partners, also participated in this second round. Verwandt.de is a fast-growing family network platform that stores online family trees for hobby geneology, and family social networking. Since the platform’s launch six months ago, more than 1.4 million families have registered their family trees at verwandt.de, which contains more than 16 million individual profiles.
Majority investment from THL Partners sees Verdane retain a minority stake in the Swedish company
GP to acquire majority stake via Fund VIII; German group’s founders to reinvest in the deal
German GP’s new vehicle will be slightly larger than its predecessor, which is set to complete deployment in two years
Italian GP has received EUR 230m in commitments to date for Fund V against a EUR 250m hard-cap