DGAP-News

German Startups Group confirms profit in the first half of 2016, invests again substantially in Auctionata, and achieves outperformance with its FinTech and secondary growth stage shareholdings

DGAP-News: German Startups Group Berlin GmbH & Co. KGaA / Key word(s): Half
Year Results/Market Report
German Startups Group confirms profit in the first half of 2016, invests
again substantially in Auctionata, and achieves outperformance with its
FinTech and secondary growth stage shareholdings

07.09.2016 / 10:12
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+++ Press Release +++
for immediate publication

German Startups Group confirms profit in the first half of 2016, invests
again substantially in Auctionata, and achieves outperformance with its
FinTech and secondary growth stage shareholdings

- Confirmation of preliminary half-year figures by financial report that
has now been submitted
- Substantial increase of stake in Auctionata
- Gross performance of investments in FinTech companies since 2Q13 of 51%
p.a.
- Gross performance of investments in secondary growth shares since 4Q13
of 36% p.a.
- Serial entrepreneur and venture capitalist Andreas von Blottnitz new
member of supervisory board
- Investment in FinTech company Gewerbeversicherung24
- German Startups Group is third most active early stage investor in
Europe in 2Q16
- News from the investment portfolio

Berlin, 07 September 2016 - German Startups Group, the second most active
venture capital investor in Germany in the time period since 2012 (CB
Insights, 2015), confirms the net consolidated profit of 1.9 million euros
(1H15: 2.0 million euros), which was reported as preliminary, through the
financial report that has now been submitted. The company has thus been
steadily and continuously profitable since its first full fiscal year
(2013).

German Startups Group takes the opportunity to substantially increase its
stake in Auctionata | Paddle8, the largest online auction house for art and
luxury collectibles worldwide, tripling it at the conversion of the
convertible note.

German Startups Group records an outperformance of its FinTech and
secondary growth stage shareholdings upon an evaluation of its investment
portfolio, which is comprised of one majority shareholding and 25 minority
shareholdings that are of particular significance to the company. Both
segments represent a main focus of the company's investment activity.
German Startups Group holds shares in eleven companies from the financial
technologies sector, which the company subdivides into FinTech in a
stricter sense, InsurTech, and PropTech, making German Startups Group the
second most active investor in Germany in this area, according to Barkow