US-based publisher Condé Nast has reportedly made its first corporate venturing deal in Europe by backing Germany-based online jeweler RenéSim.
Condé Nast said it had owned 20% of RenéSim since 2011 but had increased its stake to 46%.
RenéSim was launched in 2010 by Georg Schmidt-Sailer and Maximilian Hemmerle, according to news provider Women’s Wear Daily.
Hemmerle’s grandfather René Sim Lacaze designed jewelry for Van Cleef & Arpels, Cartier and private clients, such as the Duchess of Windsor, in the…
