This is the Newsletter of the Hamburg News Edition 30/2018
Hamburg gets a unicorn. Otto subsidiary About You is the first Hamburg-based digital startup to see its market value top one billion dollars. An investment worth millions by Heartland A/S is the reason behind this. The investment holding company is one of the largest European clothing concerns, Bestseller A/S, has taken a stake in About You. The participation is in the context of a capital injection of around 300 million dollars. There are just a handful of so-called “unicorns” in Germany, i.e. new companies that are not listed on the stock exchange but that have a market value of at least one billion dollars.
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Hamburg News Editors
Hamburg's first "unicorn": About You
Heartland A/S investing in fashion start-up; value soars to over USD 1 billion