Asgoodasnew GmbH has just received more than €11 million of new equity in the recently finalized Series C investment round.
Clipperton Finance acted as Sole Strategic Advisor to asgoodasnew.
Berlin/Paris – January, 22nd 2015 – Clipperton Finance, a leading European corporate finance boutique focused on the High Tech and Media industries announced the closing of a $11 million Series C financing for asgoodasnew, Germany’s market leader for high quality refurbished consumer electronics. The German enterprise is running the internet portals asgoodasnew (asgoodasnew.com) andwirkaufens (wirkaufens.de). The asgoodasnew promise to its customers is as simple as convincing: 3 x 30! Prices up to 30 percent cheaper, with 30 day right of return, and the unique warranty of 30 months – also covering all Apple products like iPhones, iPads and MacBooks. This 3 x 30-value proposition forasgoodasnew devices is unique in the German market.
By this latest transaction, asgoodasnew has gained two well-respected new investors: MVP Munich Venture Partners and MCI.PrivateVentures, managed by MCI Management (the largest Venture Capital fund in CEE based in Warsaw). At the same time, the existing investors Ventech, PDV, ILB and SevenVentures stressed with their new funds impressively their continuing strong commitment to the company.
“Under the leadership of CEO Daniel Boldin, the position of asgoodasnew has reached a new level. This was key to manage a successful fundraising. With the new growth financing asgoodasnew will continue its success story and its positive business development in the next years”, Claire Houry, partner of the French lead investor Ventech SA, is convinced.
Walter Grassl, managing partner at Munich Ventures Partners, recognizes that “this funding is creating the best conditions for asgoodasnew to enlarge its market leadership in high quality refurbished smartphones, tablets, cameras and notebooks.”
“We believe in the enormous potential of e-commerce business for smartphones and tablets. We have chosen asgoodasnew for their convincing strategy and remarkable executive team able to build the largest global player in this segment. MCI is excited to support asgoodasnew with its marketplace experience on its path for growth”, Tomasz Danis confirms, Investment Partner at MCI Management.
Daniel Boldin, CEO of asgoodasnew, comments on the successful funding: “I am deeply impressed by the trust that the existing shareholders have demonstrated with their significant additional funds. That now also two new highly respected funds have invested in the company encourages us in our business strategy and our unique selling proposition, which matches the pulse of our times.”
For more information, please contact:
Clipperton Finance
Stéphane Valorge, Partner, svalorge@clipperton.net
Thomas de Montille, Senior Associate, tdemontille@clipperton.net
Baptiste Clair, Associate, bclair@clipperton.net
About Clipperton Finance
Clipperton Finance is a European corporate finance boutique exclusively dedicated to the HighTech and Media industries. Clipperton Finance advises high growth companies on financial transactions, fundraisings, capital increases and Mergers & Acquisitions. With a team based in offices spanning London, Paris and Berlin, and an international reach, Clipperton Finance is a European leader in the sector. The team has successfully structured more than seventy high level international transactions in the European High Tech sector. For more information, visit www.clipperton.net