Save the Books!

The Deal has successfully completed an EUR 10m third round growth financing, led by HassoPlattnerVentures. IEG - Investment Banking Group has acted as financial advisor to rebuy reCommerce GmbH. During the transaction process, IEG was  coordinatiung and managing the whole process, approaching selected financial and strategic investors as well as supporting negotiations up to closing.

The Partners reBuy reCommerce GmbH operates an online shop for the purchase and sale of used products. The reCommerce company, founded in Berlin in 2009, is the European market leader in used electronics with more than five million customers. In Germany, customers can sell or purchase electronic and media items from a total of 14 categories quickly and conveniently - and, unlike auction or marketplace providers, they can do so immediately and at a fixed price offer. Hasso Plattner Ventures invests in fast-growing, information technology-driven companies in Europe and the USA on behalf of Prof. Dr. h.c. Hasso Plattner, co-founder and chairman of software giant SAP. Their multifaceted work includes acting globally as a strategic partner for their information technology growth companies. In Germany, their commitment has taken also the form of a seed program for information technology startups coming out of the Hasso Plattner Institute.