Germany-based media group M DuMont Schauberg has merged its corporate venturing portfolio of 20 holdings into a new multi-corporate fund. Jörg Binnenbrücker (pictured), managing partner of DuMont Venture, has formed Capnamic Ventures with Christian Siegele, a former senior partner at UK-listed private equity firm 3i, as the other managing partner. Others in the team include Binnenbrücker’s DuMont Ventures colleagues André Burchart, Rouven Dresselhaus, Alexander Drusio and Thorben Rothe as investment managers. Binnenbrücker said: “In addition to its own fund, Capnamic Ventures will take over management of the entire portfolio of DuMont Venture, the investment vehicle of M DuMont Schauberg, currently holding over 20 portfolio companies.” This DuMont portfolio includes Doo, Fairrank, Learnship, Contilla, Livedome, MovingImage24, Picanova, Plista, Popula, Radio.de, Servtag, Simfy, Tanked, StreamD, YourVideoCard and Zooroyal.de, ReBuy, Lieferando and Navabi. DuMont has also exited Tradoria (to Rakuten), Farbflut (to IVentureCapital), GimiGames (to Planet49), Northworks Software (to Travian Games) and Solegro (to @Leisure). Capnamic said it had raised a fund of “in the tens of millions” of euros with commitments from corporations, including DuMont Schauberg. The other limited partners in the fund include corporations Universal Music, Nord-West-Zeitung, HR Alpha, Gauselmann, NRW.BANK and Rheinische Post, family offices Wecken & Cie (on behalf of serial technology entrepreneur Klaus Wecken who has coinvested with DuMont in ZooRoyal and Simfy) and Usbaecker Capital (on behalf of Ulf Usbaecker). Binnenbrücker said: “At Capnamic Ventures we bring together incumbent and new players and through our fund concept, network and investment experience we are ideally positioned to create win-win situations for all parties involved.” By email he added the breadth of the limited partners was helpful: “First, you can cluster. Second, you get more independent and so more interesting for the better teams.” The investment focus for Capnamic includes mobile, e-commerce, gaming, payment, advertising and software-as-a-service. Siegele added: “A multi-corporate approach creates value for non-[inter]net native companies as well as start-ups. We focus on consumer-related topics based in the German-speaking market, which are scalable and marketable via digital channels. The first investments that we will make through Capnamic will be in the seed to start-up phase.” The fundraising process was supported by financial adviser IEG – Investment Banking, with P+P Pöllath + Partner as legal counsel.
- News & Analysis
- Global Corporate Venturing
- Global University Venturing
- Latest News
- Deal Data
- Community & Events
DuMont backs multi-corporate fund
Feb 20, 2013 • Global Corporate Venturing
LEADERSHIP SOCIETYInforming, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.
Featured ContentFUNDING ROUND DATA Which corporates are backing which startups? Search our corporate deal database.
FUNDING ROUND DATA
Which corporates are backing which startups? Search our corporate deal database.NOMINATE Nominations for the GCV Powerlist 2024 are now open
Nominations for the GCV Powerlist 2024 are now openEventsWebinar: Startups and Strategics – What works and what doesn’tEventsGCV Institute: Landing the Value of Corporate VenturingTop News
GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.test reg