NOAH Berlin 2018 - Investor Book

Table of Contents Program 6 Venture Capital 10 Growth 84 Buyout 96 Debt 104 2

Table of Contents Venture Capital Growth Debt Accel Partners 11 GR Capital 48 Activant Capital 84 Davidson Technology 104 Acton Capital Partners 12 High-Tech Gruenderfonds 49 BlackFin Capital Partners 85 Growth Debt Astutia Ventures 13 HV Holtzbrinck Ventures 50 Burda Principal 86 Harbert European 105 Atlantic Labs 14 IBB 51 Investments Growth Capital AVentures Capital 15 Beteiligungsgesellschaft Frog Capital 87 AXA Venture Partners 16 InMotion Ventures 52 General Atlantic 88 b10 I Venture Capital 17 Innogy Ventures 53 GPI Capital 89 BackBone Ventures 18 Kizoo Technology Capital 54 LetterOne Technology 90 Balderton Capital 19 Kreos Capital 55 Scottish Equity Partners 91 Berlin Technologie Holding 20 Lakestar 56 (SEP) BMW iVentures 21 Levensohn Venture 57 Summit Partners 92 Boerste Stuttgart - Digital 22 Partners Top Tier Capital Partners 93 Ventures 58 Vitruvian Partners 94 Bootstrap Europe 23 M2P Consulting btov Partners 24 Mangrove Capital Partners 59 Buildit Accelerator 25 Munich Venture Partners 60 26 Next Media Accelerator 61 CapHorn Invest NWZ Digital 62 Buyout Capital300 27 Partech 63 Capnamic Ventures 28 Piton Capital 64 Ardian 96 Check24 Ventures 29 Project A 65 Bain Capital 97 Cherry Ventures 30 Redalpine Venture 66 Capvis Equity Partners 98 Citi Ventures 31 Partners EQT Partners 99 CommerzVentures 32 Redline Capital 67 FSN Capital Partners 100 Concentric 33 Red-stars.com data 68 GENUI 101 Constantia New Business 34 Redstone 69 Maryland 102 Coparion 35 RTA Ventures 70 Creandum 36 ru-Net 71 Creathor Ventures 37 Seventure Partners 72 Curious Capital 38 Speedinvest 73 DN Capital 39 Swisscom Ventures 74 Deutsche Telekom Capital 40 Tengelmann Ventures 75 Partners Unternehmertum Venture 76 Earlybird 41 Capital Partners Endeit Capital 42 Ventech 77 FJ Labs 43 Via ID 78 German Media Pool 44 Vorwerk Ventures 79 German Startup Group 45 W Ventures 80 Global Founders Capital 46 WestTech Ventures 81 GPS Ventures 47 XAnge 82 3

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The NOAH Bible, an up-to-date valuation and industry KPI publication. This is the most comprehensive set of valuation comps you'll find in the industry. Reach out to us if you spot any companies or deals we've missed! March 2018 Edition (PDF) Sign up Here 5

Program 6

COLOSSEUM - Day 1 6 June 2018 SESSION TITLE COMPANY TIME COMPANY SPEAKER POSITION Breakfast 8:00 - 10:00 K 9:00 - 9:15 Welcome Note ® NOAH Advisors Marco Rodzynek Founder & CEO CP 9:15 - 9:25 Evaneos Eric La Bonnardière CEO 9:25 - 9:35 Kiwi.com Oliver Dlouhý CEO ourism 9:35 - 9:45 HomeToGo Dr. Patrick Andrae Co-Founder & CEO FC Insight Venture Partners Harley Miller MR Vice President CP 9:45 - 9:55 GetYourGuide Johannes Reck Co-Founder & CEO ravel & T 9:55 - 10:05 Revolution Precrafted Robbie Antonio MR CEO T FC FC 10:05 - 10:15 Axel Springer Dr. Mathias Döpfner MR CEO 10:15 - 10:40 Uber Dara Khosrowshahi CEO FC hy Christoph Keese CEO CP 10:40 - 10:50 Moovit Nir Erez Founder & CEO 10:50 - 11:00 BlaBlaCar Nicolas Brusson MR Co-Founder & CEO FC 11:00 - 11:10 Taxify Markus Villig MR Founder & CEO 11:10 - 11:20 Porsche Sebastian Wohlrapp VP Digital Business Platform 11:20 - 11:30 Drivy Paulin Dementhon CEO 11:30 - 11:40 Optibus Amos Haggiag Co-Founder & CEO 11:40 - 11:50 Blacklane Dr. Jens Wohltorf Co-Founder & CEO CP 11:50 - 12:00 GoOpti Marko Guček Co-Founder & CEO 12:00 - 12:10 FlixBus Jochen Engert Founder & MD ransportation & Mobility 12:10 - 12:20 Movinga Finn Age Hänsel CEO T 12:20 - 12:30 BMW iVentures Sohaila Ouffata Director of Platform FC 12:30 - 12:40 BlaBlaCar Chantal Ambord MR General Manager, BlaBlaPro CP 12:40 - 12:55 Volocopter Florian Reuter CEO 12:55 - 13:10 Bayer Saskia Steinacker Global Head of Digital Excellence P - Simone Menne Supervisory Board Member of BMW, DPDHL, Springer Nature EY Julie Teigland Managing Partner EY GSA 13:10 - 13:20 Doctolib Stanislas Niox-Chateau CEO CP 13:20 - 13:30 Top Doctors Alberto E. Porciani Founder & CEO & EducationFC 13:30 - 13:40 Prelude Martin Varsavsky MR Founder Healthcare, Science 13:40 - 13:50 Babbel Markus Witte CEO CP 13:50 - 14:00 Heptagon Christian Tang-Jespersen CEO FC NGP Capital Bo Ilsoe Partner K 14:00 - 14:10 Deutsche Telekom Claudia Nemat CTO NOAH London 2017 Startups Winners CP 14:10 - 14:15 The Work Crowd Alice Weightman Founder & CEO NOAHStartups 14:15 - 14:20 Misterporter Tillan Barros Founder & CEO K 14:20 - 14:30 Digital McKinsey Karel Doerner Senior Partner 14:30 - 14:40 Mister Spex Dirk Graber Founder & Managing Director CP 14:40 - 14:50 Chronext Philipp Man CEO 14:50 - 15:00 Lalafo Anna Polishchuk Co-Founder Lalafo Yuriy Mukhin Co-Founder FC 15:00 - 15:10 AUTO1 Group Hakan Koç MR Founder & MD CP 15:10 - 15:20 Marley Spoon Fabian Siegel Founder & CEO Consumer Goods,Retail & EcommerceFC 15:20 - 15:30 tado° Toon Bouten MR CEO 15:30 - 15:40 La Mania Joanna Przetakiewicz Founder & Creative Director La Mania Alex Przetakiewicz MR CEO FC 15:40 - 15:50 BestSecret Daniel Schustermann CEO OnlineFashion Permira Stefan Dziarski CP 15:50 - 16:00 OUTFITTERY Julia Boesch Founder & Managing Director 16:00 - 16:10 DCMN Matthias Riedl Co-Founder ech CP 16:10 - 16:20 RankAbove Mayer Reich Founder & CEO T 16:20 - 16:30 Adtelligence Michael Altendorf Co-Founder & CEO Marketing 16:30 - 16:45 Wooga Jens Begemann CEO P Contentful Sascha Konietzke CEO Balderton Capital Rob Moffat Partner Balderton Capital Suranga Chandratillake Partner 16:45 - 16:55 General Atlantic Jörn Nikolay Managing Director FC NUCOM GROUP Claas van Delden MR Co-CEO & Managing Director NUCOM GROUP Dr. Florian Tappeiner Co-CEO & Managing Director 16:55 - 17:05 Siemens Healthineers Dr. Bernd Montag CEO FC Egon Zehnder Mark Krymalowski Head of European Tech. & Comms Digital Practice CP 17:05 - 17:15 Edge Technologies Coen van Oostrom CEO FC 17:15 - 17:30 Rocket Internet Oliver Samwer MR Founder & CEO K 17:30 - 18:00 Generation Investment Al Gore Chairman Management P 18:00 - 18:25 Internet Economy Foundation Clark Parsons MR Managing Director Lakestar Dr. Klaus Hommels Founder & CEO K 18:25 - 18:30 Closing Note ® NOAH Advisors Marco Rodzynek Founder & CEO 22:00 Party @ Tempodrom with DJ Ken Abel Lunch served between 11:30 - 15:00 CP Company Presentation K Keynote P Panel FC Fireside Chat MR Interview / Panel with participation of Marco Rodzynek Founder & CEO, NOAH Advisors 7

COLOSSEUM - Day 2 7 June 2018 SESSION TITLE COMPANY TIME COMPANY SPEAKER POSITION Breakfast 8:00 - 10:00 K 9:30 - 9:35 Day 1 Summary ® NOAH Advisors Marco Rodzynek Founder & CEO 9:35 - 9:45 Tamedia Christoph Brand Head of Classifieds & Marketplaces 9:45 - 9:55 HuffPost Jared Grusd CEO CP 9:55 - 10:05 Minute Media Asaf Peled Founder & CEO 10:05 - 10:15 Epidemic Sound Oscar Höglund Co-Founder & CEO 10:15 - 10:25 MUBI Efe Cakarel Founder & CEO 10:25 - 10:35 Unikrn Rahul Sood Co-Founder & CEO 10:35 - 10:45 LegalZoom John Suh CEO FC Digital & TMT Permira Dipan Patel Partner CP 10:45 - 10:55 App Annie Nicolas Beraudo Managing Director 10:55 - 11:05 ClassPass Payal Kadakia Founder & Executive Chairman General Catalyst Adam Valkin MR General Partner FC FC 11:05 - 11:15 Softbank David Thevenon MR Partner 11:15 - 11:25 HelloFresh Dominik Richter MR CEO Insight Venture Partners Harley Miller Vice President FC 11:25 - 11:35 Delivery Hero Niklas Östberg CEO Restaurants &Food Delivery Bloomberg Stefan Nicola German Telecoms, Tech and Media Reporter CP 11:35 - 11:50 VISA Paul Walsh SVP Platform Strategy and Innovation 11:50 - 12:00 Safecharge David Avgi MR CEO 12:00 - 12:10 Klarna Sebastian Siemiatkowski Co-Founder & CEO Permira Andrew Young Principal FC 12:10 - 12:20 Azimo Michael Kent Co-Founder & CEO Payments Frog Capital Shirin Dehghan Partner 12:20 - 12:30 SumUp Marc-Alexander Christ MR Co-Founder 12:30 - 12:40 Mastercard Peter Bakenecker Division President Germany & Switzerland CP 12:40 - 12:50 Fraugster Max Laemmle Founder & CEO 12:50 - 13:00 Raisin Tamaz Georgadze CEO 13:00 - 13:10 Facile.it Mauro Giacobbe CEO CP 13:10 - 13:20 Hypoport Ronald Slabke CEO 13:20 - 13:30 Zurich Insurance Group Giovanni Giuliani Chief Strategy, Innovation & Business Development Officer 13:30 - 13:40 xbAV Male Dummel CFO 13:40 - 13:50 wefox Group Julian Teicke CEO Target Global Yaron Valler General Partner FC Allianz Fintech 13:50 - 14:00 Scalable Capital Erik Podzuweit MR Co-Founder & Co-CEO ING Group Benoît Legrand Chief Innovation Officer CP 14:00 - 14:10 Deposit Solutions Max von Bismarck CBO & Managing Director FC 14:10 - 14:20 N26 Valentin Stalf MR Founder & CEO 14:20 - 14:30 TenX Dr. Julian Hosp Founder & CEO 14:30 - 14:40 Crowdhouse Ardian Gjeloshi Co-Founder & Chairman CP 14:40 - 14:50 Thasos Group Greg Skibiski Founder & CEO 14:50 - 15:00 Spotcap Jens Woloszczak Co-Founder & CEO 15:00 - 15:10 smava Alexander Artopé Co-Founder & CEO CP 15:10 - 15:20 auxmoney Raffael Johnen Co-Founder & CEO LendingPlatforms 15:20 - 15:30 Kreditech Alexander Graubner-Müller Founder & CEO 15:30 - 15:40 Telefónica Gonzalo Martín-Villa Chief Innovation Officer FC Wayra Christian Lindener MR CEO Germany Alpha Pablo Rodriguez CEO CP 15:40 - 15:50 Entrepreneur First Alice Bentinck Co-Founder & CPO - 15:50 - 16:00 Thermondo Philipp Pausder Founder & Managing Director Indus IoT CP Holtzbrinck Ventures Rainer Maerkle Partner trials & 16:00 - 16:10 DocuSign Ron Hirson Chief Product Officer CP 16:10 - 16:20 Hop Dvir Ben-Aroya Co-Founder & CEO 16:20 - 16:30 Asana Chris Farinacci Head of Business Generation Investment Management FC 16:30 - 16:40 Dealroom.co Yoram Wijngaarde MR Founder & CEO 16:40 - 16:50 TeamViewer Oliver Steil CEO Permira Stefan Dziarski Partner B2B & Software 16:50 - 17:00 Trustpilot Peter Mühlmann Founder & CEO 17:00 - 17:10 Kariyer.net Fatih Uysal CEO CP 17:10 - 17:20 Unmanned Life Kumardev Chatterjee Founder & CEO 17:20 - 17:30 Scytl Holger Taubmann CEO 17:30 - 17:40 Control€xpert Nicolas Witte CEO K 17:40 - 17:45 Closing Note ® NOAH Advisors Marco Rodzynek Founder & CEO 17:45 Networking Drinks Lunch served between 11:30 - 15:00 CP Company Presentation K Keynote P Panel FC Fireside Chat MR Interview / Panel with participation of Marco Rodzynek Founder & CEO, NOAH Advisors 8

B2B & Software Consumer Travel & Tourism Goods, Retail & Ecommerce Transportation Digital & TMT & Mobility Restaurants & Fintech Food Delivery The event is a unique platform for senior executives from old champions and new challengers to discuss disruption in 10+ industrial verticals. Payments Healthcare, Science & Education Over 100 CEOs to tell the story of their Company! Online Fashion Industrials & IoT Marketing Tech Lending Platforms 9

Venture Capital 10

Accel Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Palo Alto, London Accel is a leading early and growth-stage venture capital firm, powering a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a world-class, category-defining business. Founded in 1983, Accel brings more than three decades of experience buil- ding and supporting hundreds of companies. Accel’s vision for entrepreneurship and business enables it to identify and invest in the companies that will be Active Markets Global responsible for the growth of next-generation industries. Accel has backed a number of iconic global platforms, which are powering new experiences for mobile consumers and the modern enterprise, including Atlassian, BlaBlaCar, Dropbox, Funding Circle, Etsy, Facebook, Fli- pkart, Funding Founded 1983 Circle, Kayak, QlikTech, Simplivity, Spotify, Slack, Supercell, World Remit and others. Employees 51 - 100 (of which 12 in Europe) Current Fund Size $3.3bn SELECTED PORTFOLIO COMPANIES Use of Debt Flexible Largest global social network AUM > $10bn Target Investment Size $1m - $100m Largest global music subscription service Target Geographies Global Game studio behind among others Clash of Clans, highest ever grossing mobile app Target Sectors Technology, Technology-enabled services Full Portfolio • www.accel.com/companies Investment Style Active KEY CONTACTS Deal Structures Minority Luxiana Lixandru • 10+ years technology investing, Georgetown University Key Investment Criteria Exceptional entrepreneurs looking to build Partner • Companies: Deliveroo, Carwow, Avito, Wallapop, Algolia, Doctolib, Vinted category-defining businesses Website www.accel.com • 5+ years technology investing and trading, Harvard Business School and Andrei Brasoveanu Princeton Contact Email [email protected] Vice President • Companies: Celonis, Carto, JobToday Contact Phone +44 2071701000 INVESTOR BOOK 11

Acton Capital Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Munich Acton Capital Partners is a growth-stage venture capital firm, based in Munich. With investments in more than 70 companies since 1999, the Acton team brings a wealth of expertise and experience to the companies in which it invests, delivering superior capital returns. The ideal investment candidates are Internet companies in the consumer or B2B-SaaS space with proven and scalable business models, striving to take Active Markets Europe / North America their growth opportunities to the next level. Founded 1999 Acton’s current fund was initiated in 2014 with a volume of 170m€ and has so far invested amongst others in HomeToGo, Tictail, iwoca, GetSafe, Mambu, Mobify, Eloquii, Comatch, Finanzcheck.de, Chefs Plate and Zenjob. With its previous fund (vintage 2008), Acton had invested in compa- nies such as Linas Matkasse, Windeln.de, MyOptique Group, mytheresa.com, Etsy, Audibene, Momox, KupiVIP and Clio. Before Employees 11-25 (of which 14 in Europe) 2008, the Acton team had invested through the Burda Digital Ventures fund I and II in companies like Ciao, HolidayCheck, Zooplus, OnVista, Cyberport, AbeBooks and Alando. Current Fund Size €170m Use of Debt No SELECTED PORTFOLIO COMPANIES HomeToGo is the woirld’s largest independent meta search engine for vacation rentals combining the models of AUM enquiry and immediate booking. Based in Berlin. €350m Target Investment Size €3m - €15m London-based iwoca provides short-term financing to SMEs. Launched in 2012, iwoca has already grown into one of Europe’s leading fintech lenders. Target Geographies Europe Mambu offers an agile, flexible and affordable cloud banking platform that enables innovative banking providers to E-Commerce Technology, Marketplace, rapidly create, launch and service loan and deposit products. Based in Berlin. Target Sectors Media, Education, Travel & Transportation, FinTech, Analytics, Digital Services Full Portfolio • www.actoncapital.com/#Portfolio Investment Style Active KEY CONTACTS Deal Structures Minority, Lead Fritz Oidtmann Frank Seehaus Sebastian Wossagk Managing Partner Managing Partner Managing Partner B2C or B2B-SaaS focus; cash generative, [email protected] [email protected] [email protected] Key Investment Criteria growth stage, selectively early (no seed) Website www.actoncapital.com Dominik Alvermann Principal Aline Vedder Contact Email [email protected] [email protected] Director Communications [email protected] Contact Phone +49 89 24218870 INVESTOR BOOK 12

Astutia Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Munich, Berlin As an independent investment company, ASTUTIA for ten years has been investing in innovative founders and companies with outstanding growth potential. The investment focus lies in the areas of digital media and the internet. Astutia Ventures offers venture capital, a truly Austria, Czech Republic, Estonia, Finland, international network, and specialized know-how for entrepreneurs and companies in their early growth stages to support successful Active Markets Germany, Italy, Spain, Sweden, development and sustainable growth. They invest in entrepreneurs and young companies with innovative products and services, with a scalable Switzerland, UK business model and a large addressable market. Since a successful company always comes with a strong team, they put particular emphasis on getting to know the founders personally. ASTUTIA holds minority stakes in the portfolio companies. They invest in the start-up stage or in the Founded 2006 early growth stage. ASTUTIA backs the founders and their team throughout several financing rounds, usually over a time period of 3-5 years. They are exit-oriented. Employees 4 - 10 (of which 5 in Europe) Current Fund Size €10m SELECTED PORTFOLIO COMPANIES Use of Debt No Next Generation Travel Brand - Vertical Online First, Smart Luggage Player AUM €20m Target Investment Size €100k - €500k StyleLounge is the first easy-to-use fashion price comparison Austria, Czech Republic, Estonia, Finland, Target Geographies Germany, Italy, Spain, Sweden, Asana Rebel offers the app "Asana Rebel - Yoga Inspired Fitness," which offers a gentle way to get in shape. Switzerland, UK Target Sectors Retail, Marketplace, Digital Services Full Portfolio • www.astutia.de Investment Style Flexible KEY CONTACTS Deal Structures Minority Benedict Rodenstock • Benedict Rodenstock is CEO and founder of ASTUTIA. Benedict’s former employers include Roland Berger Strategy Consultants, more.de (a subsidiary CEO of Web.de), and Hubert Burda Media. He holds an MBA from Sankt Gallen Key Investment Criteria Team, Market, Legal Structure University, a Certificate in Internet Technologies from NYU, and an M.A. in Email: [email protected] History Website www.astutia.de Contact Email [email protected] Contact Phone +49 32 212298537 INVESTOR BOOK 13

Atlantic Labs KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin Atlantic Labs supports and invests in mission-driven founders working on transformative technology ventures. We partner with founders early, providing the capital, tools and network necessary to growing their companies and accompanying them on their entrepreneurial journey. Our Active Markets Germany current areas of focus include Digital Health, Future of Work,Machine Learning, Blockchain, Mobility and Industrial Applications Founded 2007 Employees 4-10 (all in Europe) Current Fund Size undisclosed SELECTED PORTFOLIO COMPANIES Use of Debt No World’s leading music creator platform AUM n/a Target Investment Size €200k - €1m Full-stack car subscription provider Target Geographies Europe (with focus on Germany) Automated full-service staffing platform Target Sectors Digital Health, Future of work, Blockchain, Mobility, Industrial Tech Full Portfolio www.atlanticlabs.de Investment Style Active KEY CONTACTS Deal Structures Minority / Lead Christophe F. Maire Jens-Philipp Klein Key Investment Criteria Thesis driven investment approach, Founding Partner Partner Early stage, strong founder team Email: [email protected] Email: [email protected] Website www.atlanticlabs.de Dr. Marc-Olivier Lücke Daniel Niemi Contact Email [email protected] Partner Principal Email: [email protected] Email: [email protected] Contact Phone n/a INVESTOR BOOK 14

AVentures Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Kyiv, Ukraine AVentures Capital is the leading Ukrainian early-stage VC fund. We invest in global companies which utilize their R&D in Ukraine. The fund's investment focus spans across software tech, including such areas as machine learning, big data, AR, VR, SaaS, cloud, storage, enterprise, web, mobile, IoT and others. In addition, AVentures Capital advises IT businesses across all stages and other funds on strategy and execution. Active Markets Ukraine Currently, we are raising our second fund as well as helping our portfolio companies in IoT, ML, Cybersecurity, SaaS and Cleantech to raise follow-on Founded 2013 rounds. Employees 6 SELECTED PORTFOLIO COMPANIES Petcube - a global leader in Connected Pet market. Petcube manufactures interactive cameras that let its users Current Fund Size Current - $10m. Raising $30m communicate and play remotely with their pets as well as dispense treats using the Company`s mobile app. Moreover, recently the Company successfully launched subscription program and is going to launch e-commerce Use of Debt No platform in partnership with the leading pet food manufacturers. Spinbackup - a cloud cybersecurity and cloud-to-cloud backup solutions provider for G Suite and soon for Office AUM $10m 365. The Company`s solutions automatically protect organizations of all sizes against data leak and data loss in the cloud that mostly come from ransomware, insider threats, and human error. Spinbackup has over 400k users globally, more than 2000 organizations, and a partnership with Google. Target Investment Size $250k – $500k SolarGaps is the manufacturer of Smart Solar Blinds that generate electricity and pay for themselves. Installed on just a third of a home’s windows, SolarGaps can cover up to 70% of an average home’s electricity needs. Extra Target Geographies Ukraine, the USA energy can be easily sold to the city`s power grid. Apart from generating electricity, the Company`s smart blinds also automatically track the sun to provide active shading or can be set to follow a predefined schedule. Smart blinds can be controlled by a smartphone, Google Home and Alexa. Target Sectors Opportunistic Full Portfolio www.aventurescapital.com/#portfolio Investment Style Active KEY CONTACTS Deal Structures Minority Andrey Kolodyuk Andrey Kolodyuk, entrepreneur turned VC, started his entrepreneurial career in [Photo] New York in 1992 and eventually has founded and built over 10 companies in IT, Key Investment Criteria 1) Global focus . 2) R&D in Ukraine Managing Partner telecom, internet and media with $1 Billion total revenues. Andrey is the founder of Email: [email protected] Divan.TV, an OTT service provider with 300 million Ukrainian and Russian- speaking audience living worldwide. Website www.aventurescapital.com Yevgen Sysoyev, a former successful investment banker, co-founded AVentures Yevgen Sysoyev Capital. Over the years, he’s been a Board Director of such tech companies as Contact Email [email protected] [Photo] Managing Partner Petcube, Augmented Pixels, Spinbackup, CoreValue, Depositphotos, and others. Email: [email protected] He is recognized as one of the most influential people in Ukrainian tech community. Contact Phone +38 0664679714 INVESTOR BOOK 15

AXA Venture Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Paris, London, New York, San Francisco AVP is $275M venture capital firm investing in seed and early stage companies through AVP Early Stage, and in growth equity companies through AVP Capital. Our checks range from $300K for seed investments to $20M for growth equity transactions. Active Markets Global Founded 2016 Employees 14 (of which 11 in Europe) Current Fund Size $275m SELECTED PORTFOLIO COMPANIES Use of Debt No US marketplace for financial products AUM $425m Target Investment Size $0.3 - $20m Enterprise cyber-security rating platform Target Geographies Global Mobile, AI-powered sales assistant for field sales teams Target Sectors Technology Full Portfolio • www.axavp.com/companies/ Investment Style Active KEY CONTACTS Deal Structures Minority Imran Akram Early – traction [Photo] General Partner • Companies: Auto1, ForceManager, Sonovate Key Investment Criteria Growth – clear unit economics [email protected] Website www.axavp.com Francois Robinet Contact Email [email protected] [Photo] Managing Partner • Companies: Goji, Tanker [email protected] Contact Phone +44 2071930406 INVESTOR BOOK 16

b10 I Venture Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin b10 is a Berlin-based venture capital firm investing in seed and pre-seed startups. Welook for "category killers" with a B2B focus. We invest and act as an operational investor, supporting the founders actively with a team of Active Markets Germany specialists in the areas of recruiting, UX/UI design, content, finance, fundraising, legal, etc. Founded 2014 In the last years b10 successfully exited for example Quandoo, the leading restaurant reservation system worldwide for 200.000.000 EUR to Recruit Holdings and Free2Move (fkaCarjump) to PSA(Peugeot) in 2016. Employees 10 Thecombination of hands on support and entrepreneurial experience makes b10 a perfect partner for Startups to grow. Current Fund Size €10m SELECTED PORTFOLIO COMPANIES Use of Debt No Free2Move allows people to find and compare vehicles from a wide variety of carsharing providers AUM €10m Target Investment Size €100k - €500k ENWAY is developing the technology platform for autonomous street sweepers and other specialty vehicles Target Geographies Germany Thryve powers the individualization of health care by providing the only health API needed for health services to access sensible health data from more than 100 smartphones, smartwatches and fitness trackers B2B, Marketplaces, Communications, Target Sectors Health Financial Technology, Digital Services, Retail Full Portfolio www.b10.vc/portfolio Investment Style Active KEY CONTACTS Deal Structures Minority Daniel Hoepfner • Daniel Hoepfner is founder and MD of b10 Early Stage Venture Capital Managing Director • Prior to that, Daniel was founder and CEO of PressMatrix, Founding Key Investment Criteria Category Killer Business Angel at Sensorberg GmbH [email protected] • Focus on Fundraising, Sales and Legal Website b10.vc Henri Kuehnert • Henri Kuehnert is founder and MD of b10 Early Stage Venture Capital • Prior to that, Henri was founder and CEO of SinnerSchrader Mobile, Contact Email [email protected] Managing Director Investor and Advisor at Quandoo, Founding Business Angel at Sensorberg GmbH [email protected] • Focus on Fundraising, Sales and Financial Planning Contact Phone n/a INVESTOR BOOK 17

BackBone Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Zurich BackBone Ventures stands for goal-oriented, value-adding and sustainable support for promising start-ups through network, capital and expertise. Our aim as a Swiss Venture Capital Firm based in Zurich is to find the most promising deals in the market and to bring in added value. Switzerland, Deutschland, Austria, Israel, BackBone's focus is on seed and start-up investments, primarily in the area of innovative ICT and disruptive technology projects. Active Markets Liechtenstein Founded 2018 Employees 5 (of which all in Europe) Current Fund Size n/a SELECTED PORTFOLIO COMPANIES Use of Debt No ImmunOs Therapeutics AG is leading the next generation of immunotherapies by fast-tracking new discoveries to enhance combination therapies with novel human immunomodulatory proteins that have a role in both the innate AUM and adaptive immune system for cancer treatment €1m By using stem cell research Supermeat produces synthetic poultry meat. Supermeat will revolutionize the poultry Target Investment Size €100k - €500k industry - clean, sustainable & pet friendly. Target Geographies primarily DACH Lawoon is an online platform for the placement of mini-jobs with automated payment processing. The Start-up allows bringing together clients and contractors in just a few clicks. Target Sectors ICT, Disruptive Technologies, Biotech Full Portfolio • www.backboneventures.ch/portfolio Investment Style Active KEY CONTACTS Deal Structures Minority Name Janic Frölicher [Photo] Title Investment Associate • B.B.A. Zurich University of Applied Science Key Investment Criteria Innovative & passionate • Rahn & Bodmer Co., VZ Vermögenszentrum, Credit Suisse AG Email: [email protected] Website www.backboneventures.ch Name Philippe Bernet Title Investment Manager • M.A. HSG Accounting & Finance Contact Email [email protected] • UBSAG, HA&W, Truventuro, Hermes Capital Email: [email protected] Contact Phone +41 44 500 23 81 INVESTOR BOOK 18

Balderton Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London At Balderton we invest in European entrepreneurs with global ambitions. Balderton is Europe’s largest early stage venture capital investor, focused on European technology companies at Series A, with funds totalling Active Markets Europe $2.6BN.Weinvest between $1Mto $20Minto companies with the potential to disrupt huge industries, and the ambition to scale globally. Wehaveatrack-record of backing breakthrough companies ranging from MySQL to Betfair, and The Hut Group to Yoox Net-a-Porter. Webring our Founded 2000 deep experience and unrivalled professional and personal network to bear to support our companies from start to exit. Our equal partnership includes two founders of $bn companies (Business Objects and Blinkx PLC) and senior execs from Goldman Sachs, Uber, Dropbox, Google and Yahoo. Employees 25 - 50 (of which all in Europe) Current Fund Size $375m SELECTED PORTFOLIO COMPANIES Use of Debt No API-first content infrastructure that replaces legacy content management systems. Founded in Berlin, expanded successfully to US and have raised follow on funding from Benchmark and General Catalyst. AUM $2.6bn Target Investment Size $1m - $20m Leading mobile casual games developer, based in Berlin Target Geographies Europe The future of music publishing, ensuring that songwriters artists (representing ~40% of the top 100) are paid rapidly and fairly across all offline & online platforms Target Sectors Technology Full Portfolio • www.balderton.com/portfolio Investment Style Active KEY CONTACTS Deal Structures Minority Suranga Chandratillake • Previously founder of Blinkx PLC and US CTO of Autonomy Partner • Partner at Balderton since 2013 Key Investment Criteria Team, disruptive • Companies: Contentful, Dalia research, Vivino, Banjo, Comply Advantage, Email: [email protected] Funnel, The Tab, Magic Pony, Mojiworks Website www.balderton.com Rob Moffat • At Balderton since 2009. Previously at Google and Bain Contact Email [email protected] Partner • Companies: Wooga, Carwow, Zego, Mojiworks, Dinghy, Prodigy Finance, Nutmeg, Patients Know Best Email: [email protected] Contact Phone +44 20 70166800 INVESTOR BOOK 19

Berlin Technologie Holding KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin Berlin Technologie Holding (“BTH”) is a German based Holding and growth investment firm focused exclusively on investments in technology and technology-enabled businesses. BTH was founded by successful entrepreneurs and investors who invest in companies with significant growth potential. Active Markets Austria, Germany BTH provides growth capital, management know how and access to high caliber entrepreneurial partner network to companies facing strategic or Founded 2013 operational challenges. BTHstrongly believes that entrepreneurs with character deserve capital with character and thus invests own equity and also provide their experience Employees 4 - 10 (of which all in Europe) and network to those that distinguish themselves and their business model through clarity. Theycall it Augmented Capital. Current Fund Size n/a SELECTED PORTFOLIO COMPANIES Use of Debt Yes Sensorberg provides Beacon-software based on-the-fly IoT networks AUM n/a Target Investment Size €500k - €3m Digital front end platform that maximizes the quality, performance, and reach of customer interface Target Geographies Austria, Germany Germany’s largest private cash payment infrastructure Target Sectors Financial Services, Marketing, Analytics, Digital Services Full Portfolio • www.berlinholding.com/#portfolio-jump Investment Style Active KEY CONTACTS Deal Structures Flexible Joern-Carlos Kuntze • Seasoned Strategy, Company Builder and Corporate Finance expert. Serial Team with strong Execution Mindset, Managing Director Entrepreneur. Previously Partner at OC&C and Oliver Wyman Key Investment Criteria disruptive B2B Business Model, Financial • Companies: Sevenval, Minodes, Applause, PressMatrix Model with Recurring Revenues Email: [email protected] Website www.berlinholding.com Contact Email [email protected] Contact Phone +49 30707190203 INVESTOR BOOK 20

BMW iVentures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Silicon Valley, San Francisco, Munich BMWiVentures, BMW’sEUR500million venture capital fund, invests money and resources in startups in the fields of autonomous driving, digital car and automotive cloud, e-mobility, artificial Intelligence and data, industry 4.0, shared and on-demand mobility, customer digital life, and energy services. Active Markets Global Thefirm has already partnered with innovative companies such as Carbon3D, Chargepoint, DesktopMetal, JustPark, Life360, Moovit, Nauto, Scoop, Founded 2011 Stratim, Turo, Xometry and Zendrive. BMWiVentures invests in all stages from seed and incubation to growth companies. Employees 10 Current Fund Size $616m Use of Debt No SELECTED PORTFOLIO COMPANIES AUM $716m Moovit is a transit data company that offers a transit app. Target Investment Size N/A May Mobility develops autonomous vehicles from the chassis up with a focus on system level safety design. Target Geographies Global Autonomous Driving, Digital Car & Full Portfolio • www.bmwiventures.com/portfolio-2/ Automotive Cloud, E-Mobility, AI / Data / Target Sectors Cyber Security, Industry 4.0, Shared & On-Demand Mobility, Customer Digital Life, Energy Services Investment Style Active KEY CONTACTS Deal Structures n/a Tobias Jahn Principle • With BMW iVentures since July 2015, previously Senior Manager New Key Investment Criteria n/a Ventures at 3M Email: [email protected] Website www.bmwiventures.com Contact Email n/a Contact Phone n/a INVESTOR BOOK 21

Boerse Stuttgart – Digital Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Stuttgart Boerse Stuttgart Digital Ventures develops innovative business models for exchange trading and over-the-counter (OTC) trading in fungible products. It also invests in promising startups and enters into partnerships with selected partners to implement its digitisation strategy. Boerse Stuttgart Digital Ventures GmbH is a wholly-owned subsidiary of Boerse Stuttgart. Active Markets Europe and Nordics Founded 2017 Employees 2 (of which all in Europe) Current Fund Size n/a SELECTED PORTFOLIO COMPANIES Use of Debt No Sowa Labs is a fintech startup specialized in predictive data analytics and disruptive applications in trading of financial assets and cryptocurrencies. AUM n/a Target Investment Size n/a BISON is the first app for trading cryptocurrencies – Made in Germany. Target Geographies n/a Full Portfolio • www.bsdv.vc/#portfolio Target Sectors FinTech Investment Style Active KEY CONTACTS Deal Structures n/a [Photo] Matthias Ick • Joined Boerse Stuttgart Digital Ventures in 2017, previously MD and Key Investment Criteria n/a Executive Committee Member at Maxmillan Digital Education and CEO and Venture Partner Founder of tutoria Website www.bsdv.vc Contact Email [email protected] Contact Phone n/a INVESTOR BOOK 22

Bootstrap Europe KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Luxembourg, Zurich, London, Paris Fast growth companies often require additional money to fuel scale, yet their founders and their investors do not want to be diluted. Venture Debt is a way to postpone the next valuation event, and to provide a company with additional time to increase its value prior to a future funding round or an acquisition. The Bootstrap Europe team has supported entrepreneurs and their investors in more than 200 European transactions. Active Markets Western Europe, Turkey The Venture Debt fund is backed by successful entrepreneurs who in turn are providing a stable source of capital to the next generation of innovators. Founded 2014 Employees 4-10 (of which all in Europe) Current Fund Size €80m SELECTED PORTFOLIO COMPANIES Use of Debt Yes Full Portfolio • www.bootstrap-europe.com/transactions AUM €100m Target Investment Size €1m - 10m Target Geographies Western Europe, Turkey Target Sectors Technology, Life Sciences Investment Style Active KEY CONTACTS Deal Structures Venture Debt Stephanie Heller • Stephanie is a partner and co-founder at Bootstrap, based in Zurich and Lon- Key Investment Criteria Innovative, fast growing, can sustain Managing Partner don, where she focuses on the sourcing, risk evaluation, negotiation and due monthly reimbursements diligence of new investment opportunities [email protected] Website bootstrap-Europe.com Fatou Diagne • Fatou is a partner and co-founder at Bootstrap, based in Zurich, where she Contact Email [email protected] Managing Partner focuses on the sourcing, risk evaluation, negotiation and due diligence of new [email protected] investment opportunities Contact Phone +41 79 310 6978 INVESTOR BOOK 23

btov Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices St. Gallen, Berlin, Luxembourg btov Partners is a European venture capital firm focused on early stage investments in digital and industrial technology companies. btov Partners operates own funds, managed partner funds and offer direct investment opportunities to private investors. Across the three divisions, Focused on Europe and invest outside of the team manages EUR 360m and looks at more than 3,000 companies each year. Active Markets Europe on a case-by-case basis btov teams in St.Gallen, Berlin and Luxemburg jointly with seasoned entrepreneurs back Start-ups with teams willing to make the difference. Founded 2000 Thedigital tech fund invests in B2C- and B2B-oriented businesses in the fields of commerce, marketplaces, mobile and software. The industrial tech fundplaces its focus on deep tech, e.g. in industry 4.0, resource efficiency, industrial AI, IoT, enterprise software, cyber security, as well as medtech. Employees 11-25 (of which all in Europe) Current Fund Size €75m Use of Debt No SELECTED PORTFOLIO COMPANIES AUM No. 1 marketplace for European term deposits €360m Target Investment Size €250k - €3.5m Leading financial comparision website Target Geographies Europe The first manned, fully electric and safe VTOLs in the world B2C- and B2B oriented business in the Target Sectors field of commerce, marketplace, mobile and software Full Portfolio • www.btov.vc/portfolio/ Investment Style Active KEY CONTACTS Deal Structures Minority • Dr. Jochen Gutbrod was CFO of Holtzbrinck Publishing Group and Deputy Dr. Jochen Gutbrod Chairman of the Executive Board. In addition, he was CEO of Holtzbrinck Potential to tranform large industries, General Partner Digital. Prior to joining Holtzbrinck, he held leadership positions at Schroder Key Investment Criteria unique market positioning, defedable Investment Management assets • Florian was one of the co-founders of btov in the year 2000. Since then he Florian Schweitze has worked on btov’s private investor network and investment business. Website www.btov.vc General Partner Florian has graduated with a degree in management from the University of St. Gallen Contact Email [email protected] Luca Martinelli • Luca studied International Business in Maastricht, Milan & London and holds a Masters Degree in Technology and Management orientated Business General Partner Administration from TU Munich. He founded two start-ups in the education & Contact Phone +41 712422000 recruiting space. INVESTOR BOOK 24

Buildit Accelerator KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Estonia Buildit is the first accelerator in the Baltic States and Nordic countries with focus on physical devices, accepting hardware and creative industries startups worldwide. During the 3 month mentoring program teams can use their prototyping facilities, see list of available tools here. Startups are offered free open office Active Markets Baltic States and Nordics space at Tartu Science Park and can test their product with end-users in a Living Lab setting. Teams also get free and discounted services from partners – that includes development tools, design services, legal and accounting services + many more. Founded 2013 €25,000 investment is offered in exchange for 12% shares. Teams can also go for €15,000 investment in return for 9% or choose €10,000 for 6%. For self-sufficient companies that already have funding they offer to participate in program with no investment for 3% of company shares. Employees Approx. 35 Current Fund Size N/A SELECTED PORTFOLIO COMPANIES Use of Debt No The first window automation solution with a sleek design, affordable price and with just one-click installation on existing blinds. AUM N/A Target Investment Size Velmenni is developing Jugnu - a future technology which can transfer high speed data using visible light. €10k – €25k Target Geographies Baltic States and Nordics Huntloc is a solution for hunters to increase hunting efficiency and safety. Huntloc helps to collect, share and manage hunting related information and gives graphical view about hunt participants positioning in real time. Target Sectors Physical Devices, Hardware Full Portfolio • www.buildit.ee/companies Investment Style Active KEY CONTACTS Deal Structures Accelerating Sven Illing Managing Partner • Manging Partner at Buildit Accelerator since 2014 Key Investment Criteria N/A • Previously founder of GameFounders a global game studio accerlator Email: [email protected] Website www.buildit.ee Contact Email [email protected] Contact Phone +372 53 317 134 INVESTOR BOOK 25

CapHorn Invest KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Paris, Lille, New York City CapHorn Invest is an independent Venture Capital Firm launched in 2010. The company invests in B2B digital companies. CapHorn Invest currently manages 180million euros across two funds and has a portfolio of more than 20 companies. Active Markets Global Founded 2010 Employees 20-30 (of which 25 in Europe) Current Fund Size €180m SELECTED PORTFOLIO COMPANIES Use of Debt No Antvoice allows medias to better monetize their advertising space through a very efficient IA tool predicting customer behavior. AUM €180m Saagie (pronounced "sadgee") is the fastest way to deploy your big data projects into production and to embed AI Target Investment Size €1m - €20m into your business. As a ready-to-deploy and fully managed platform, Saagie is massively used in the Bank & Insurance industry. Target Geographies n/a Ledger allows individuals and corporates to safely stock their blockchain assets with a revolutionary cryptology process Target Sectors Digital B2B Full Portfolio • www.caphorninvest.com/portfolio Investment Style Active KEY CONTACTS Deal Structures Minority Laurent Dumas-Crouzillac • Joined CapHorn Invest in 2015, previously Partner at A Plus Finance and Partner Partner ad IDInvest. Key Investment Criteria n/a • Companies: Saagie, FINALCAD, AntVoice, Ledger Email: [email protected] Website www.caphorninvest.com Contact Email [email protected] Contact Phone n/a INVESTOR BOOK 26

Capital300 KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Vienna, Linz capital300 is backing disruptive European technology companies run by outstanding entrepreneurs who are willing to solve tough problems on a global scale. Founded in 2017 by Peter Lasinger, an experienced VC investor and Roman Scharf, a serial entrepreneur and founder of Jajah, the first European company backed by Sequoia Capital. Active Markets Europe Weinvest together with leading US and UK venture capital firms. Such partnerships provide portfolio companies with a substantial leverage for conquering international markets and building a significant global presence. We focus on Series A rounds (€ 2-10M), aiming to co-invest € 1+M in addition to our global fund partners. Founded 2017 Employees 3 Current Fund Size €25m SELECTED PORTFOLIO COMPANIES Use of Debt No Previous Companies Jajah, Talenthouse, Hitbox, Crystalline Mirror Solutions,… AUM n/a Target Investment Size €1m - €10m Full Portfolio www.capital300.com/#businesses Target Geographies Europe Target Sectors Technology (focus ICT) Investment Style Active KEY CONTACTS Deal Structures Minority [Photo] Peter Lasinger Roman Scharf Key Investment Criteria Team, global ambitions, technology Partner [Photo] Partner Website www.capital300.com [Photo] Eva Arh Contact Email [email protected] Principal Contact Phone n/a INVESTOR BOOK 27

Capnamic Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Cologne, Berlin Capnamic Ventures (www.capnamic.com) is one of Europe’s leading early-stage Venture Capital firms, with offices in Berlin and Cologne. The VC invests most of its funds in tech startups in the German-speaking region. Beyond that, Capnamic joins forces with international co-investors. All portfolio companies are supported through Capnamic’s global network of established industry partners. Active Markets Austria, Germany, Switzerland Thevast expertise of the Capnamic team includes more than 70 investments, a high turnover of successful trade sales and IPOs, as well as a strong Founded 2013 entrepreneurial track record within the investment team. Thegeneral partners are Jörg Binnenbrücker (@bibrue), Olaf Jacobi (@olafjacobi) and Christian Siegele. Employees 4 - 10 (of which 10 in Europe) Current Fund Size n/a Use of Debt No SELECTED PORTFOLIO COMPANIES AUM n/a Mobile attribution provider of choice for thousands of app creators around the world Target Investment Size €500k - €3m SaaS for Enterprise Architecture trusted by leading brands Target Geographies Austria, Germany Switzerland Online platform for the sale and purchase of luxury watches Marketplaces, FinTech, Health, Marketing, Target Sectors Analytics, Digital Services, Digital Infrastructure, Digital Transformation, B2B Solutions Full Portfolio • www.capnamic.com/companies Investment Style Active KEY CONTACTS Deal Structures Minority Olaf Jacobi • Olaf carries over 20 years of experience as a manager, entrepreneur and Managing Partner inves- tor. Between 2007 and 2015, he was a partner and co-owner of Target Key Investment Criteria Team, Timing, Technology Partners. From 1999 to 2007, he founded and established multiple Email: [email protected] prosperous startups, which led to several successful exits Website www.capnamic.com Jörg Binnenbrücker • Jörg is an attorney at law, studied Economics and has been active in the VC Managing Partner scene for more than 13 years. Before setting up Capnamic, Jörg was the Contact Email [email protected] founding partner and managing director of DuMont Venture and built up the Email: [email protected] investment business of the DuMont media group. Contact Phone +49 221 67781930 INVESTOR BOOK 28

Check24 Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Frankfurt The CHECK24 Ventures team is made up of successful entrepreneurs and managers. Based on their experience and background CHECK24 Ventures can support ambitious entrepreneurs throughout their journey in growing their business. In the past CHECK24 Ventures has guided numerous companies to their success and know the challenges that lie ahead. They are focused on early stage financing of young companies and Active Markets Austria, Germany, Switzerland invest earlier than most other VCs. The goal is, together with the founders, to generate value from day one and as such do not only provide capital. CHECK24 Ventures is successful when the backed founders are successful. They offer and combine the best of two worlds: they provide early Founded 2016 venture capital financing and also offer access to the CHECK24 network, its employees and their know how in the fields of IT, product and online & offline marketing. Employees 1 - 3 (of which all in Europe) Current Fund Size €60m SELECTED PORTFOLIO COMPANIES Use of Debt No askCharlie is an online lead generation portal for local service providers AUM n/a Target Investment Size €500k - €2.5m Gini extracts, structures and processes content from documents through artificial intelligence Target Geographies Austria, Germany, Switzerland Medilove is a comparison portal for cosmetic surgery procedures, including breast implants and facelifts. Target Sectors Marketplace, Media, Financial Technology, Fianncial Services Full Portfolio • www.check24.vc/en/#portfolio Investment Style Active KEY CONTACTS Deal Structures Minority, Flexible Matthias Orlopp • Scout 24 (FinanceScout, Autoscout) MD & CFO Key Investment Criteria Team, product Managing Director • CHECK24 MD & CFO Email: [email protected] • CHECK24 Ventures MD Website www.check24.vc Contact Email [email protected] Contact Phone n/a INVESTOR BOOK 29

Cherry Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin They are entrepreneurs, focusing on seed stage companies and investing across Europe. The goal is to add value from day one, not just capital. They are successful if their founders are successful. Cherry Ventures will do anything in their power to make that happen. They provide advice for key strategic issues as well as day-to-day management tasks. They offer support to build-up strong functional units across the complete company Active Markets Europe, Israel value chain and provide access to personal network for the recruitment of key positions. They also coach entrepreneurs, connect founders (with key external partners especially in marketing, operations and IT) and support founders in preparing, running investor pitches, structuring deals (cash-for- Founded 2012 equity, media-for-equity, etc.) and in negotiating future financing rounds. Employees 11 - 25 (of which 12 in Europe) Current Fund Size €150m Use of Debt No SELECTED PORTFOLIO COMPANIES AUM n/a AUTO1 Group is a used car purchaser based in Berlin Target Investment Size €400k - €10m Caroobi is a vertical marketplace for instant booking of car repair and maintenance services Target Geographies Europe, Israel, Turkey Enmacc aims to become the world’s leading OTC marketplace for energy trading by connecting all market participants via a highly scalable tech-platform Target Sectors Technology, Technology-enabled services Investment Style Active Full Portfolio • www.cherry.vc/portfolio Deal Structures Flexible, Lead KEY CONTACTS Industry agnostic, early-stage, first Christian Meermann • After some years at The Boston Consulting Group, Christian joined Zalando institutional investor, disruptive as their first CMO. He then joined the Management Board of Peek&Clop and Key Investment Criteria technology, solve specific problem for Founding Partner was responsible for the company’s online business consumer • After several years with McKinsey Daniel co-founded CityDeal and led the Daniel Glasner company as CEO until the acquisition through Groupon in 2010. Daniel is Website www.cherry.vc Founding Partner founder of Quandoo, a SaaS company for restaurants that was sold to Recruit Holdings in March’15 Contact Email [email protected] Filip Dames • Filip founded his first company in 2008, an online auction house for antiques and collectibles. He then joined the founding team of Zalando and held Founding Partner several executive positions. Contact Phone n/a INVESTOR BOOK 30

Citi Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices 4: San Francisco, Palo Alto, NY and Tel Citi Ventures is the innovation engine of Citi, committed to conceiving, launching and scaling new initiatives with the potential to transform the future Aviv of financial services. We accelerate innovation at Citi by investing in startups, piloting new technologies, and testing new solutions and business Active Markets North America, Europe, Israel models through our Citi Innovation Labs and Citi businesses. Basedin Silicon Valley, close to the disruptive forces that are reinventing industries and upending traditional business models, Citi Ventures analyzes Founded 2010 market signals to bring the best from the outside into Citi, and fosters bold ideas that set the conditions for innovative action. Weseek to deliver next-generation experiences for Citi’s customers by systematically exploring leading-edge topics from machine learning and Employees 10 in Venture Investing team blockchain technology to new lending platforms and marketplaces. Current Fund Size Balance sheet-funded Citi Ventures’ investing model features three characteristics focused on helping maximize startups’ potential: (1) Timeliness and flexibility; (2) Value- add, leveraging Citi and its broader franchise for commercialization opportunities; and (3) Do-no-harm (e.g., no strings attached). Use of Debt No SELECTED PORTFOLIO COMPANIES AUM Not applicable Focus area: Financial Services & Technology • Digital transactions management provider that automates and digitizes documents & transactions Target Investment Size $1m - $10m • Publicly-traded. Target Geographies North America, Europe, Israel Focus area: Commerce & Payments • AI-powered Integrated Receivables SaaS platform. Optimizes cash flow through automation of receivables and 5 sectors: payments processes across credit, collections, cash application, deductions, and electronic invoicing and Fintech (Financial Services & payments. Target Sectors Technology); Commerce & Payments; Focus area: Data Analytics & Machine Learning Data Analytics & Machine Learning; • Data science company that uses machine learning to prevent fraud in omnichannel commerce Marketing Technology & Customer Experience; Security & Enterprise IT Full Portfolio • www.citi.com/ventures/portfolio.html Investment Style Passive KEY CONTACTS Deal Structures Standard VC terms • Joined Citi Ventures in 2015, previously Managing Director, Global Head of Luis Valdich Strategic Investments at J.P. Morgan and Consultant at McKinsey Fit within 5 focus areas (see above); Managing Director • Companies: ClarityMoney (acquired by Goldman Sachs); Contguard; Key Investment Criteria Strategic relevance (can bank be helpful); HighRadius; and two that have not been announced yet, a vertically-focused $2mm annualized product revenue; high Email: [email protected] POS lender and a provider of personal finance analytics growth Website www.citi.com/ventures/focus.html Contact Email [email protected] Contact Phone +1 9174566046 INVESTOR BOOK 31

CommerzVentures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Frankfurt CommerzVentures is the corporate VC arm of Commerzbank and invests in FinTech and InsurTech companies across Western Europe, Israel and the US. Thepartners aspire to work with the best entrepreneurs who can articulate why they can dominate a given market segment. The team has >30 years of experience in venture capital. CommerzVentures invests in A-C round with a focus on B rounds. Active Markets Europe, Israel, and the US Founded 2014 Employees 6 (of which all in Europe) Current Fund Size €100m SELECTED PORTFOLIO COMPANIES Use of Debt No Short-term loan provider to small businesses AUM €30m Target Investment Size €2m - €10m Open API issuer processor platform Target Geographies Europe, Israel, and the US Cloud banking technology platform provider Target Sectors FinTech & Insurance Full Portfolio • www.commerzventures.com/Portfolio.html Investment Style Passive KEY CONTACTS Deal Structures Minority Patrick Meisberger Stefan Tirtey Key Investment Criteria Team, market potential, execution, Managing Director Managing Director defedable USP Website www.commerzventures.com Heiko Schwender Paul Morgenthaler Contact Email [email protected] Senior Investment Manager Senior Investment Manager Contact Phone n/a INVESTOR BOOK 32

Concentric KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London, UK & Copenhagen, Denmark Weareanopentechnology investment partnership, not astereotypical VC, and we do not see ourselves as just financial investors, more as business partners and builders Active Markets Europe Adding value by active management and working with companies before and after investing Founded 2013 Focus on investment opportunities born out of changing customer behaviour / demands across a number of core sectors / verticals: fintech, proptech, marketplaces, B2Bautomation Employees 6 c.50 investments undertaken over past 15 years Supported by long-standing family office co-investors Current Fund Size €30m SELECTED PORTFOLIO COMPANIES Use of Debt Yes Launches and operates used-car marketplace in emerging markets, including Nigeria, Chile, Pakistan, and AUM Indonesia c. €40m Target Investment Size Workspace and office services provider building sector-focused, curated communities Up to €5m over life of an investment Target Geographies Key innovation hubs of Western Europe Platform for management of short term rentals that allows homeowners to maximize rental income Target Sectors Fintech, proptech, marketplaces, B2B automation Full Portfolio • www.concentricteam.com/investment-platforms/ Investment Style Active KEY CONTACTS Deal Structures Significant minority equity positions • Denis Shafranik • 9 years in investment banking Original, scalable and defendable • Partner • 8 years in VC technology investment Key Investment Criteria Category leaders • Email: [email protected] • Companies: PayasUgym, PSM, Neteven, Billetto, ChargeMaster, etc. Post achieving product-market fit Website www.concentricteam.com • Kjartan Rist • 18 years in technology (founder, advisor, investor, Board) Contact Email [email protected] • Partner • Companies: VOSS Solutions, Shazam, NetClean, Endeca, TopTable, etc. • Email: [email protected] Contact Phone +44 (0) 20 7839 8143 INVESTOR BOOK 33

Constantia New Business KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Vienna Constantia New Business (CNB) is an independent sister company of Constantia Industries, headquartered in Vienna, Austria. The group is privately owned and run, with a strong sense for diversification and international outlook. CNB is looking for outstanding and passionate teams working on high-tech products addressing B2B industries. CNB invests into companies from DACH and CEE region in Post-Seed rounds with a ticket starting at Active Markets DACH €500k. Founded 2012 Employees 5 (of which 5 in Europe) Current Fund Size Evergreen ltd co Use of Debt Exceptional SELECTED PORTFOLIO COMPANIES AUM n.a. High quality video streaming technology over the web as Software-as-a-Service. Target Investment Size €500k - €2m Pioneers the development of radio-frequency (RF) antenna, waveguide and filter products based on additive manufacturing. Target Geographies DACH, CEE Aircloak enables high-fidelity analytics of sensitive datasets while strongly protecting individuals’ privacy. Target Sectors Deep tech, SaaS, IoT, Robotics, Advanced Materials Investment Style Active Full Portfolio • www.ciag-cnb.at/#portfolio Deal Structures Various KEY CONTACTS Philipp Thurn und Taxis • Head of Constantia New Business & Member of the Board of Directors of B2B, Innovative technology with strong CIAG with international experience as consultant, manager and entrepreneur Key Investment Criteria USP and high scalability, After market Managing Director in software and telecommunications among others. Executive Board at Efkon entry, First revenues AG and VP Global Corporate Development at SAP AG. Email: [email protected] • Companies: bitmovin, swissto12 Website www.ciag-cnb.at Sabine Fleischmann • Many years of working experience in IT, with main emphasis on software (e.g. Contact Email [email protected] Microsoft, Sun, IBM), management tasks in consulting, sales and general Senior Investment Manager management. Coach and consultant. Experience with International Energy Management. Contact Phone +43 1 588 45-0 Email: [email protected] • Companies: BENEnergy, VirtualQ, Aircloak INVESTOR BOOK 34

Coparion KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Cologne, Berlin Coparion is a pragmatic investor with an eye for the essentials and persistence for the long-run. Coparion helps young technology companies achieve swift and sustained growth. With assets under management of EUR 225 million their team has Active Markets Germany the means to do so. Coparion supports entrepreneurial vision with the know-how, but without intervening in daily business operations. Thanks to 25+ years of team experience in venture capital and in building companies, they discern potentials and open up new perspectives. They have the Founded 2016 substance, tenacity and creativity required to mutually manage difficult situations successfully. They only invest with other co-investors. Thefocus is on the start-up and early growth phase. They appreciate initial successes, such as the sales and key accounts developed or successful Employees 13 (of which all in Europe) product launches. Per company they invest up to EUR 10 million, usually in several financing rounds of EUR 0.5-5 million each. Current Fund Size €225m SELECTED PORTFOLIO COMPANIES Use of Debt No AI for robot autonomy AUM €225m Target Investment Size €500k - €5m B2B marketplace for long-stay furnished appartements Target Geographies Germany Electronic Fleet Manager based on connected car Target Sectors IT, Internet, High-Tech, Life Science Full Portfolio • www.coparion.vc/en#tmpl-portfolio Investment Style Active KEY CONTACTS Deal Structures Minority, with co-investors Christian Stein Managing Director • Managing Director at Coparion since launch. Previously Partner at Creathor Key Investment Criteria „Traction“ – No seed funding Venture, CFO at Zadego , BCG, IBM Email: [email protected] Website www.coparion.vc David Zimmer Contact Email [email protected] Managing Director • Managing Director at Coparion since launch. Previously Director at Quadriga Capital and CEO at Altira AG Email: [email protected] Contact Phone +49 30 58584400 INVESTOR BOOK 35

Creandum KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Stockholm, Berlin, San Francisco Creandumis a leading early-stage venture capital firm investing in innovative and fast-growing technology companies. The Creandum Advisory team is based in Stockholm, Berlin and San Francisco. The Creandum funds have invested in over 70 companies including being early investor in companies such as Spotify, iZettle, Vivino, Kry, Neo4j, 8fit, Billie, Epidemic Sound, Xeneta, Klarna and many more. Active Markets Europe and North America Founded 2003 Employees 15 Current Fund Size €180m SELECTED PORTFOLIO COMPANIES Use of Debt No • World’s largest music streaming service. With Spotify, it’s easy to find the right music for every moment of your day and in your life AUM €435m Target Investment Size €500k - €10m per round • Number one solution for retail mobile payments and point-of-sale solutions in Europe and Latin America Target Geographies Europe and North America • Vivino is the world's largest online wine marketplace, powered by a community of 30 million who use Vivino to discover and buy wine Target Sectors B2Cand B2B, Software Full Portfolio • www.creandum.com/portfolio/ Investment Style Active KEY CONTACTS Deal Structures Minority Johan Brenner • Johan is one of Europe’s most experienced venture capital investors having [] worked across a broad set of industries globally, built a number of successful Key Investment Criteria Possibility to scale globally General Partner businesses as an entrepreneur, and as Partner in leading venture capital firms [email protected] • Companies: i.a. iZettle, Klarna, Pleo, Bokio, Syft, Neo4j, Vivino, Planday Website www.creandum.com Simon Schmincke • Simon is a developer by heart and a venture capitalist by mind. German born, [Photo] Partner Simon gained operational experience building three companies for Rocket Contact Email n/a Internet, as well as investment experience with Earlybird Venture Capital [email protected] • Companies: i.a. Bllie, Comtravo, RFRSH, Tide, Taxfix Contact Phone n/a INVESTOR BOOK 36

Creathor Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Frankfurt, Zurich Creathor Ventures invests in technology-oriented, fast-growing companies in all stages of their development, especially in the fields of Specialized Artificial Intelligence, Advanced Industry Tech and Enabling Platforms. The regional focus is on Germany, Switzerland, Austria, France and the Nordics. From its offices in Bad Homburg (Frankfurt) and Zurich, the team of 17 staff actively supports more than 30 ICT and life science companies Active Markets Europe in development, growth and internationalization. Creathor Ventures’ management team consists of the Managing Partners Dr Gert Köhler, Karlheinz Schmelig and Cédric Köhler, and the Partners Christian Leikert, Dr Christian Weiss and Christian Weniger. The team has been investing successfully Founded 2003 in start-ups for over 30 years and has conducted more than 20 international IPOs during that time. Creathor Ventures currently manages funds of more than EUR 220million. As the largest investor in its funds, the management underlines its entrepreneurial orientation. Employees 17 (of which all in Europe) Current Fund Size €220m SELECTED PORTFOLIO COMPANIES Use of Debt No Software platform for residential & commercial property management AUM €220m Target Investment Size Up to €10m HeyJobs is a mobile marketplace for hourly jobs Target Geographies Germany, Switzerland, France, Austria, R3 Communications develops, produces ultra-reliable real-time wireless communication systems and solutions Nordics Target Sectors Specialized Artificial Intelligence, Advanced Industry Tech and Blockchain Full Portfolio • www.creathor.com/en/portfolio/ Investment Style Active KEY CONTACTS Deal Structures Control, joint control, minority Cédric Köhler [Photo] Managing Partner Key Investment Criteria [email protected] Website www.creathor.com Christian Weniger Contact Email [email protected] Partner [email protected] Contact Phone +49 6172 139720 INVESTOR BOOK 37

Curious Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Cologne Curious Capital is the corporate venture capital arm of Heinen-Verlag and was just established in 2017. Heinen-Verlag, founded in 1946, is a Cologne-based publishing house with activities and history in regional print media. Active Markets Germany Curious Capital is looking for seed and early stage investments in business models, products and/or markets, which anyhow fit to activities of a modern media company. Critical criteria for an investment is a technology-driven USP. Founded 2017 Wedominority investments (no strategic investments), but offer hands-on support in all business fields and provide access to the media industry. Employees 2 (of which all in Europe) Current Fund Size N/A SELECTED PORTFOLIO COMPANIES Use of Debt No Joblift – Meta platform for jobs AUM N/A Target Investment Size €50k - €250k Flits Music – Mobile streaming service with high definition sound Target Geographies Germany, Europe StyleLounge – Meta platform for fashion Marketplaces, Media, Communications, Target Sectors Education Technology, Analytics, Digital Services, Hardware Full Portfolio www.curiouscapital.vc Investment Style Flexible KEY CONTACTS Deal Structures Minority Johannes Heinen • Founder of StyleLounge Technology-driven USP, Scalability, Managing Director • Management Positions at Dreamlines and Goodgame Studios Key Investment Criteria Seed/Early Stage, Team • Master’s degree in Business Engineering (RWTH Aachen) Email: [email protected] Website www.curiouscapital.vc Contact Email [email protected] Contact Phone +49 221 1632208 INVESTOR BOOK 38

DN Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London, Menlo Park, Berlin DN Capital is a global early-stage venture firm, with a focus on Seed, Series A and select series B investments in fintech, SaaS, digital media, e-commerce, marketplaces, digital health and software companies. DN Capital was founded in 2000 by Nenad Marovac and Steve Active Markets Europe; US Schlenker and has operations in London, Berlin and Silicon Valley. Its previous funds are top performers and the firm is one of the lead investors in companies such as Endeca (sold to Oracle for over $1bn), Shazam (acquisition offer from Apple), Auto1 (world's largest used- Founded 2000 car marketplace valued near €3 billion), Purplebricks (IPO London), Quandoo (acquired by Recruit), Apsmart (sold to Thomson Reuters), Datanomic (sold to Oracle), Mister Spex, OLX (sold to Naspers). Employees 21 (of which 18 in Europe) The professionals at DN Capital bring over 60 years of private equity experience to their investments, and actively work with portfolio companies to steward their growth through the various stages of development. Current Fund Size €200 million Additional information about the firm and its portfolio companies can be found at www.dncapital.com Use of Debt No SELECTED PORTFOLIO COMPANIES • C2B seller of used cars to dealerships using online to acquire inventory. AUM $500 million • One of the hottest unicorns of Europe. • Valuation of €2.9 billion as of Softbank’s €460 million investment in January 2018. Target Investment Size €250,000 - €20 million • Leading search and business intelligence software company. • Acquired by Oracle in 2011 for $1.1 billion. 75% Europe (UK, Germany, France Target Geographies Nordics) 25% US & ROW • One of the most downloaded mobile applications of all time, over 100 million MAU. Marketplaces, eCommerce, Fintech, • Acquisition offer from Apple. Target Sectors Digital Health, Enterprise Software & SaaS; Digital Media; Mobile Full Portfolio • www.dncapital.com/portfolio.html Investment Style Active KEY CONTACTS Deal Structures NA • Chairman of the Venture Capital Board of Invest Europe (from July 2018). Nenad Marovac Partner at Advent International. MBA Harvard Business School. Focus on Key Investment Criteria Team, Market, Product, Traction and Deal [Photo] Founder and Managing Partner marketplaces, SaaS, fintech, consumer mobile applications and digital health Email: [email protected] • Companies: Auto1, Shazam, Datanomic, Tourlane, HomeToGo, Tbricks, Website www.dncapital.com Mister Spex, OLX, Purplebricks, Quandoo, Joblift. Thomas Rubens • Barclays M&A. University of Bristol. Focus on ecommerce, Marketplaces, Contact Email [email protected] [Photo] Software Partner Email: [email protected] • Companies: Auto1, Book a Tiger, Caroobi, HomeToGo, Quandoo, Finiata. Contact Phone +44 (0) 207 340 1600 INVESTOR BOOK 39

Deutsche Telekom Capital Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Hamburg, Herzeliya DTCPprovides venture capital, private equity, and advisory services to the technology, media and telecommunication sectors. Operating as a bridge between Europe, Silicon Valley and Israel, the company connects people, capital, and ideas to accelerate innovation and provide value to its portfolio companies, its limited partners, and the connected world. Active Markets Europe, Israel, UK Founded 2015 Employees 26 - 50 (of which 22 in Europe) Current Fund Size €500m SELECTED PORTFOLIO COMPANIES Use of Debt No NGENA provides business with physical and virtual networks through hybrid VPN and AUM its innovative cloud technology €1.5bn Target Investment Size €5m - €75m I-am-plus produces Dial, a voice-enabled smarcuff designed by i.am+, the tech company founded by musician and entrepreneur will.i.am Target Geographies Europe, Israel, UK Kumu Networks was founded by a team of Stanford Universiry Professors and Ph.D graduates to commercialize research on Wireless Full Duplex, an innovative wireless transceiver design E-Commerce and Financial Technology, Target Sectors Communications, Marketing, Analytics, Digital Services Full Portfolio • www.telekom-capital.com/portfolio/ Investment Style Active KEY CONTACTS Deal Structures Flexible Thomas Preuß • Thomas is a Partner at Deutsche Telekom Capital Partners in the Venture Partner Capital team. He is responsible for the European activities of the fund. Key Investment Criteria Predictability, product market fit Thomas studied at the University of Hamburg and holds a master’s degree in Email: [email protected] technical economics Website www.telekom-capital.com • Till has 10 years of energy experience, working in the industry, finance and Till Stenzel policy-making. He has deep experience with investment due diligence, Contact Email [email protected] renewable energy project development, contract negotiations and business Vice President development. He has worked in emerging markets in North Africa and has been closely involved in raising finance and starting up new companies. Contact Phone +49 160 7171001 INVESTOR BOOK 40

Earlybird KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin, Munich, Istanbul Earlybird is a venture capital investor focused on European technology companies. Founded in 1997, Earlybird invests in all growth and develop- ment phases of a company. Amongst the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources, but also strategic and operational support as well as access to an international network and capital markets. With over EUR 850 million Active Markets Europe, Turkey under management, six IPOs and 22 trade sales, Earlybird is one of the most successful venture capital firms in Europe. Founded 1997 Employees 25-50 (of which 41 in Europe) Current Fund Size Earlybird Digital West Fund: €150m Earlybird Health-Tech Fund: €100m Use of Debt No SELECTED PORTFOLIO COMPANIES AUM Shapeshift - Instant digital asset exchange supporting dozens of blockchain tokens €850m Target Investment Size €500k - €5m N26 - Banking product for smartphones Target Geographies Europe, Turkey UiPath - Robotic software for business process automation Target Sectors Technology, Technology-enabled services Investment Style Active Full Portfolio • www.earlybird.com/portfolio/ Deal Structures Minority, Lead KEY CONTACTS Hendrik Brandis • Hendrik Brandis is co-founder and Partner at Earlybird. He was Co-Foun- der of Disruptive business models or GMM and Project Manager at Messerschmitt-Boelkow-Blohm (now Daimler- Key Investment Criteria technologies with forward looking lock-in Co-Founder and Managing Partner Chrysler Aerospace). Previously, Hendrik was Partner with McKinsey & Co. He in large markets lead by an outstanding holds a Dipl.-Ing. (MSc equivalent) and PhD degree in Aerospace Engineering team Email: [email protected] • Companies: nfon, B2X, Videdressing, Medidate, Movinga, Onefootball, Simscale, Website www.earlybird.com Christian Nagel • Christian is Co-Founder and Partner of Earlybird. Prior to founding Earlybird, he co- acquired various companies from the Treuhandanstalt and gained opera- tional Co-Founder and Managing Partner experience. Before that, he worked as an Engagement Manager with McKinsey & Contact Email [email protected] Co. He holds a Diplom-Wirtschaftsingenieur and a PhD degree Email: [email protected] • Companies: Cashboard, Crossengage, N26, Shapeshift, smava Contact Phone +49 3046724700 INVESTOR BOOK 41

Endeit Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Amsterdam, Berlin Endeit Capital is an independent investment firm based in Amsterdam (NL) and Hamburg (DE). Since 2006, Endeit Capital has invested in 25 com- panies in the Benelux, UK and Germany. Austria, Belgium, Denmark, Finland, Endeit is backed by the founders amongst which serial entrepreneur Joop van den Ende, co-founder of Endemol, as well as by numerous founders of Active Markets Germany, Norway, Sweden, Switzerland, United Kingdom previous portfolio companies, other successful (internet) entrepreneurs and by large institutional funds. The team also welcome and work with experienced business angels to join as co-investors in individual companies. Entrepreneurship is at the core of Endeit Capital. Founded 2006 Employees 4-10 (of which 7 in Europe) Current Fund Size €125m SELECTED PORTFOLIO COMPANIES Use of Debt No Global leader in advanced location / movement data technology AUM €275m Target Investment Size €3m - €10m Luxury watches platform Austria, Belgium, Denmark, Finland, Target Geographies Germany, Norway, Sweden, Switzerland, Multi day travel tours booking platform United Kingdom E-Commerce, Marketplaces, Media, Target Sectors Edutech, Travel & Transportation, Fintech, Full Portfolio • www.endeit.com/#companies Financial Services Investment Style Active KEY CONTACTS Deal Structures Minority Martijn Hamann • Martijn joined Endeit Capital at the start as Partner in 2006. Today, he is responsible for deals in DACH, UK, Nordics Partner • Until 2006 he was a member of the Executive Director team of Endemol Key Investment Criteria Growth Phase, Internationalisation Email: [email protected] Group, one of the world’s largest independent providers of content for television & all other screens. Website www.endeit.com Contact Email [email protected] Contact Phone +31 653726743 INVESTOR BOOK 42

FJ Labs KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices New York FJ Labs is a New York-based investment firm that builds and invests in online marketplaces and ecommerce companies. Founded by serial entrepreneurs Fabrice Grinda and Jose Marin in 2015 as an extension of two decades of angel investing, FJ Labs been directly engaged in building companies such as AdoreMe, Instacarro, Letgo, OLX and Rebagg. FJ Labs invests $50M per year across 60-90 investments and currently has more Active Markets Global than 240 active portfolio companies including Caroobi, Clue, Raisin, Farfetch, Meero, Fanduel and Uber. Successful exits include Delivery Hero, Eve Mattress, Ticketbis, Alibaba and many others. Founded 2015 Employees 15 (of which 1 in Europe) Current Fund Size Evergreen, deploys ~$50M per year SELECTED PORTFOLIO COMPANIES Use of Debt no [ Logo ] Car mechanic marketplace in Germany, with more tan 400 mechanics workshops throughout the country, servicing all brands and models of cars AUM Evergreen [ Logo ] Pan-European online deposit marketplace, enabling European consumers to get the best deposit interest rate Target Investment Size $250k - $1m available throughout the EU. Target Geographies US, Europe, Asia, South America [ Logo ] Photographer marketplace, enabling businesses like Airbnb and Expedia to rapidly get high quality images for the services they offer, while giving photographers a good and reliable income doing what they love. Target Sectors Marketplaces, SaaS, D2C brands, Fintech Full Portfolio www.fjlabs.com/portfolio Investment Style Passive KEY CONTACTS Deal Structures Minority Arne Halleraker • Arne has been with FJ Labs for 2 years, and co-leads the investment arm. As [Photo] a Norwegian transplant to New York, Arne has strong links to both the $1bn potential value, valid business Principal European and North American tech ecosystems. Previously he was Director Key Investment Criteria model, unit economics, strong team of Global Partnership with Telenor ASA ($32bn market cap Email: [email protected] telecommunications company). Arne holds a MSc from the Norwegian University of Science and Technology. Website www.fjlabs.com Contact Email [email protected] Contact Phone n/a INVESTOR BOOK 43

German Media Pool KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin Founded in 2011, German Media Pool is a leading, independent media for equity fund. We align the interests of high-growth consumer companies with owners of premium media, covering TV, radio, print and out-of-home. By providing massive cross-media campaigns via a single contract partner, consumer companies can accelerate their growth significantly. Media is provided at highly effective rates in exchange for equity. Next to Germany Active Markets Germany and Switzerland, we access media partnerships in The Netherlands, Belgium, France and Spain – via partners or directly. Founded 2011 Employees 5 Current Fund Size Approx €50m gross media p.a. SELECTED PORTFOLIO COMPANIES Use of Debt No ABOUTYOU is Europe’s most inspiring and personalized fashion shop. Launched in 2014, it has achieved significant growth in the German, Swiss, Dutch and Belgian markets. AUM €150m gross media invested Target Investment Size €2m- 10m gross Momox is Germany’s leading second hand platform, specialized on used media and entertainment. Target Geographies Germany, Switzerland, Benelux, France, Clark offers insurance services and the management of insurance contracts via mobile phone. Spain Target Sectors Consumer and ECommerce Full Portfolio • www.gmpvc.com Investment Style Passive with active support in media KEY CONTACTS Deal Structures Minority Aljoscha Kaplan [Photo] • Senior Consultant at Ernst & Young, Senior Business Developer at mayato, Key Investment Criteria Ability to grow with media Managing Partner Entrepreneur in Residence at M10-Partners Email: [email protected] • Companies: ABOUT YOU, Momox, Clark, Job Today Website www.gmpvc.com Niko Waesche • Former Executive at GfK and IBM , VP and MD at Upfront Ventures, Angel Contact Email [email protected] [Photo] Managing Partner investor in company acquired by eBay Email: [email protected] • Companies: ABOUT YOU Contact Phone +49 30 609 847 838 INVESTOR BOOK 44

German Startups Group KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin German Startups Group, a Berlin-based investment company and venture capital provider for Germany’s flourishing startup scene, finances young growth companies and also supports their set-up, funding acquisition, development, and – when the time is right – exit by providing them with business expertise. By analysing technology trends and market developments, the team of German Startups Group identifies, across a wide range of Active Markets Austria, Germany, Switzerland sectors, talented entrepreneurs with disruptive products or business models and high scalability, to which they have early access thanks to their close connections in the startup ecosystem. Their active investments, of which there are currently nearly 40, constitute a stage-agnostic cross- Founded 2012 section of, in their view, promising “startups made in Germany Employees 4 – 10 (of which all in Europe) Current Fund Size n/a SELECTED PORTFOLIO COMPANIES Use of Debt No Ayondo is an online platform that provides its users with stock trading and investment information AUM n/a Target Investment Size €100k - €1m Chrono24 is an online marketplace connecting buyers and sellers of luxury watches Target Geographies Austria, Germany, Switzerland Online store that sells various brands of glasses in Germany Target Sectors E-Commerce, Software, Mobile, FinTech, German Engineering Full Portfolio • www.german-startups.com/index.php/about-us/#holdings Investment Style Active KEY CONTACTS Deal Structures Control, Joint Control, Minority Christoph Gerlinger • Founder and former CEO of Frogster Interactive Pictures AG, which he took Key Investment Criteria Entrepreneurial talent, scalability, pu- blic. Former Head of German operations Infogrames/Atari. Former CFO disruptive potential CEO of CDV Software Entertainment. External expert for CDU on “Digitalization” Website www.german-startups.com Contact Email [email protected] Contact Phone +49 30 609889080 INVESTOR BOOK 45

Global Founders Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin, London, Paris, Munich Global Founders Capital is a fund ‘by entrepreneurs for entrepreneurs’. Our investment team consists of serial entrepreneurs, investment professionals and operational experts with hands-on experience of founding dozens of companies globally. They love to invest in startups where they can add real value. Through a previous fund their founding partners have already backed a number of transformational companies such as eBay, Active Markets Global Linkedin, Facebook, and many other successful Internet ventures. Through this fund they invest all over the globe, from Seed to Growth. Founded 2013 Global Founders Capital contributes with on-demand execution support for entrepreneurs who want to build category defining companies. Building on top of Rocket Internet’s global network of experts, companies and supplier relationships they can provide detailed functional knowledge in areas such as internationalisation, customer acquisition and the scaling of operations. Employees 11 - 25 (of which 11 in Europe) Current Fund Size €1bn SELECTED PORTFOLIO COMPANIES Use of Debt Yes The digital freight forwarder for the 21st century AUM n/a Target Investment Size €200k - €10m Cloud-based platform that transforms the way real estate deals are done Target Geographies Global A holistic HR management and recruiting solution for Startups and SMEs Target Sectors Technology, Technology-enabled Services Full Portfolio • www.crunchbase.com/organization/global-founders-capital Investment Style Active KEY CONTACTS Deal Structures Minority, Lead Oliver Samwer Daniel Jones Matthias Müller Team, category defining companies, Partner Partner Partner Key Investment Criteria business with attractive economics, daniel@global matthias@global scalable acquisition channels founderscapital.com founderscapital.com Website www.globalfounderscapital.com Levin Bunz Hugues DeBraucourt Contact Email [email protected] Partner Principal levin@global hugues@global founderscapital.com founderscapital.com Contact Phone n/a INVESTOR BOOK 46

GPS Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices 2 GPSVENTURESisaventurecapital firm, active since 2014. Weinvest with a long-term vision in tech startups in Germany and Europe, from seed stage and with a follow-on commitment towards growth. The investors and the investment team have a strong entrepreneurial and industrial background, and a hands-on culture with unbureaucratic decision making processes to support our founders. Our approach is to provide sufficient Active Markets 4 funding in the first rounds while generating strong network effects and value through synergies across our ventures. The current portfolio includes 24 companies in a diverse number of investment areas such as: big data, Iot, FinTech, InsurTech, E-commerce, enterprise cloud services, social Founded Active since 2014 software, biotech, e-mobility and investment funds, among others. Employees 8 Current Fund Size Currently 24 investments SELECTED PORTFOLIO COMPANIES Use of Debt n/a Sinfosy – plug & play IoT solution for smart manufacturing and logistics AUM n/a €1m - €1.5m first round Teraki – break-through data processing and data quality enhancement software technology that enables Target Investment Size Follow-ons with larger ticket size processing, storing and transmitting the growing data loads for (embedded) IoT applications. Target Geographies Germany, Europe Tandem – peer to peer language training app Target Sectors Various sectors, B2B, B2B2C Full Portfolio Upon request Investment Style Project-specific Active from 10% ownership KEY CONTACTS Deal Structures Minority. Lead or Co-investor From seed stage Reinhold von Ungern Sternberg • Since 2017 Managing Director at GPS Ventures. Previously Head of JSC Key Investment Criteria Traction / proof of concept Managing Director “Kirovsky Zovod” representatitve office in Germany. Network references Website n/a Dr. Albrecht Bochow Contact Email [email protected] General Partner Contact Phone +49 160 9956 7038 INVESTOR BOOK 47

GR Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Riga (Latvia), Kyiv (Ukraine) GRCapital is a venture capital investor focused on tech companies at Series A-C stages from Europe, the UK and the USA. The size of our fund is $30M,which we plan to expand to$150M in several years. GR Capital’s main focus is on fintech, adtech, and various types of SaaS and marketplace Active Markets Europe, US models. Founded 2016 Thanks to its extensive contacts network the fund assists its portfolio companies in business development going beyond the financial support alone, including among others digital marketing in Baltics and Eastern European markets, setting up the cost-efficient R&D offices in Ukraine, access to the Employees 11-25 (of which all in Europe) latest payment processing technologies. Current Fund Size $30m SELECTED PORTFOLIO COMPANIES Use of Debt No Oneof the leading providers of online food delivery platforms designed to order restaurant meals AUM N/A Target Investment Size $1m - $5m Online international money transfer company that challenges the old fashioned, expensive ways of moving your money around the world Target Geographies Europe, US Provider of HD haptic technology for consumer electronics, mobile, gaming and VR/AR Target Sectors Fintech, Adtech, IoT, SaaS and marketplace models in different industries Full Portfolio www.gr.capital/investments Investment Style Active KEY CONTACTS Deal Structures Minority, Co-investment • 10+ years of experience in investment banking. Originated and closed 50+ Roma Ivanyuk deals both as a private entrepreneur and as the MD of the top Ukrainian Experienced team, strong traction, Managing Partner investment bank Key Investment Criteria defensible competitive advantage, • At GR Capital sets the fund strategy, leads the fundraising and investor clear path to exit Email: [email protected] relations Website www.gr.capital Max Filippov • 10 years of experience in corporate finance and investment management. Contact Email [email protected] Principal 30+ various advisory engagements for the clients, including M&A, capital raising, debt restructuring, strategic consulting Email: [email protected] • At GR Capital supervises day-to-day operations: manages investor relations, Contact Phone N/A current investments and sourcing new projects INVESTOR BOOK 48

High-Tech Gründerfonds KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Bonn. Berlin High-Tech Gründerfonds (HTGF) is Germany’s most active seed stage investor. With EUR 576 million under management in two funds we provide financing for technology-driven companies active in a wide range of fields, including robotics, IoT and energy, Medtech and Biotech, chemicals and software. Investors in this public-private partnership include the German Federal Ministry of Economics and Energy, the KfW Banking Group, and 18 Active Markets Germany strategic corporate investors. Founded 2005 Employees 26 - 50 (of which all in Europe) Current Fund Size €576m SELECTED PORTFOLIO COMPANIES Use of Debt No Mein Recycling is developed by Resourcify GmbH from Hamburg. The app is the easiest solution AUM €576m Target Investment Size €600k - €2m Bunch is a team management platform enabling companies to build, manage, and scale organizational culture Target Geographies Germany After two years of development in secret, eBlocker, headquarted in Hamburg, Germany, was launched Target Sectors Agnostic Full Portfolio • www.high-tech-gruenderfonds.de/de/#portfolio Investment Style Active KEY CONTACTS Deal Structures Lead Tanja Emmerling Principal • With HTGF since 2014, previously Head of New Ventures & Incubation at Key Investment Criteria Innovative hightech VNR Verlag für die Deutsche Wirtschaft AG Email: [email protected] Website www.high-tech-gruenderfonds.de Kristin Mueller Contact Email [email protected] Investment Manager • With HTGF since 2016, previously Investment and Business Development at hub:raum Email: [email protected] Contact Phone +49 228 82300100 INVESTOR BOOK 49

HV Holtzbrinck Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Munich, Berlin HVHoltzbrinck Ventures was founded in 2000 as the corporate venture arm of the Holtzbrinck Publishing Group. In 2010 HV Holtzbrinck Ventures became an independent venture firm, raising funds from a strong network of international institutional investors. Active Markets Europe Today, with more than € 1 billion under management, HV Holtzbrinck Ventures is one of the largest and most experienced independent European early stage venture funds. For over 17 years we have believed in the disruptive potential of the Internet. During this time, funds managed or advised Founded 2000 by us have invested in over 160 companies, including great successes like Zalando, Delivery Hero, HelloFresh, Flixbus, SumUp, Scalable Capital, and many others. Employees 22 (of which all in Europe) Asreliable long-term partners, we support the founders in developing their businesses into large and sustainable companies. Besides HV Holtzbrinck Ventures’ investment, we have a wealth of entrepreneurial, operational and financing experience. This approach has made HV Holtzbrinck Ventures one of the most successfulEuropean venture investors. Current Fund Size €306m SELECTED PORTFOLIO COMPANIES Use of Debt N/A zalando - Europe’s largest online fashion company AUM > €1bn Target Investment Size €500k - €40m Flixbus - Fastest growing European long-distance bus operator Target Geographies Mainly Europe Scalable Capital - Fully licensed automated robo-advisor for private wealth management Target Sectors Digital Companies Full Portfolio • www.hvventures.com/portfolio Investment Style Active KEY CONTACTS KEY CONTACTS Deal Structures Minority David Kuczek Christoph Jung Rainer Maerkle Martin Weber Key Investment Criteria Market size, proposition, relevance General Partner General Partner General Partner General Partner david.kuczek christoph.jung rainer.maerkle martin.weber @hvventures.com @hvventures.com @hvventures.com @ hvventures.com Website www.hvventures.com Christian Saller Jan Miczaika Barbod Namini Jasper Masemann Contact Email [email protected] General Partner Partner Partner Principal christian.saller jan.miczaika barbod.namini jasper.masemann @hvventures.com @hvventures.com @hvventures.com @hvventures.com Contact Phone N/A INVESTOR BOOK 50

IBB Beteiligungsgesellschaft KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin IBB Beteiligungsgesellschaft (www.ibb-bet.de) provides innovative Berlin-based companies with venture capital and has established itself in Berlin as a market leader in early-stage financing. The funds are used primarily for developing and launching innovative products or services and creative business concepts. Currently, two funds managed by IBB Beteiligungsgesellschaft are in the investment phase: the VC Fonds Technologie Berlin, Active Markets Berlin with assets of 60 million EUR, and the VC Fonds Kreativwirtschaft Berlin, with assets of 40 million EUR. Both VC funds are subsidized by the Investitionsbank Berlin (IBB) and the European Regional Development Fund (ERDF), managed by the State of Berlin. Since 1997, in consortiums Founded 1997 with partners, IBB Beteiligungsgesellschaft has provided more than 1.33 billion EUR to Berlin-based creative and technology companies, with IBB Beteiligungsgesellschaft investing approximately 184 million EUR as the lead-, co-lead- or co-investor. Employees 17 (of which 17 in Europe) Current Fund Size €100m SELECTED PORTFOLIO COMPANIES Use of Debt No Since 2007, Babbel has made learning languages fun, easy and accessible to everyone. The market-leading app [ Logo ] consists of high-quality courses available for iOS, Android and on the desktop. Babbel helps self-directed learners to AUM discover a new language, and motivates them to keep learning: the average customer continues with the app for more €252m than 12 months. Thermondo is a manufacturer-independent one-stop-shop for comparing and changing residential heating systems. Target Investment Size €500k – €1.5m [ Logo ] Instead of waiting weeks for a plumbers quote, the customer has only to enter some data and directly receives a quote with a fixed-price, thereby having the opportunity to compare a variety of manufacturers and service levels. Target Geographies Berlin Outfittery (www.outfittery.de) is a new e-commerce concept for men who appreciate personal consultancy and stylish [ Logo ] clothes, without having to leave home. After registering, filling in a preferences profile and having a phone call with a ICT, Life Science, Industrial Tech., personal style expert, the customer receives an individual, handpicked selection of clothes packed in an outfit box. Target Sectors Creative Industries Full Portfolio www.ibb-bet.de/en/portfolio.html Investment Style Active KEY CONTACTS Deal Structures Minority Marco Zeller • Mr. Zeller is managing director of IBB Beteiligungsgesellschaft and of venture highly scalable innovative technologies [Photo] CEO capital fonds of IBB. He is also member of supervisory and advisory boards of Key Investment Criteria and business models several Berlin based technology companies. Email: [email protected] • Companies: Babbel, Outfittery, Thermondo, Blinkist Website www.ibb-bet.de Roger Bendisch • Mr. Bendisch is managing director of IBB Beteiligungsgesellschaft and of [Photo] CEO venture capital fonds of IBB. He is also member of supervisory and advisory Contact Email [email protected] boards of several Berlin based technology companies. Email: [email protected] • Companies: Omeicos, Remerge, realbest, Dalia Research Contact Phone +49 30 2125 3201 INVESTOR BOOK 51

InMotion Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London InMotion Ventures, Jaguar Land Rover’s Venture Capital arm, invests in businesses in the mobility, transportation and travel sector. We invest globally from Seed to Series B. Active Markets Worldwide Founded 2016 Employees 10 (of which 10 in Europe) Current Fund Size $100m SELECTED PORTFOLIO COMPANIES Use of Debt No The fastest-growing rideshare company in the US, available in more than 350 cities. Reconnecting people and communities through better transportation AUM n/a Deploying self-driving cars in amazing communities. Voyage is building a world where anyone, anywhere can Target Investment Size $100k – €5m summon a car directly to their doorstep and travel safely to their destination. Target Geographies Worldwide Innovative pay-by-mile car insurance. Rather than buy a traditional policy, sign up for a fixed cost to cover your car while it's parked, then pay-by-mile for any journeys you make. Target Sectors Mobility, transportation and travel Full Portfolio • www.inmotionventures.com/portfolio/ Investment Style Active – Dependent on company stage KEY CONTACTS Deal Structures Minority James Nettleton Principal • With InMotion Ventures since 2016, previously Director at U+I Key Investment Criteria Sector relevance, future impact, size of • Companies:Wluper, Zeelo, By Miles, Voyage and FATMAP. opportunity Email: [email protected] Website www.inmotionventures.com Sebastian Peck Contact Email [email protected] Managing Director Email: [email protected] Contact Phone n/a INVESTOR BOOK 52

Innogy Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin, Essen innogy Ventures is the EUR 130m venture capital investment arm related to the innogy Innovation Hub, participating or leading series A and beyond venture capital deals. Investment focus is on innovative and digital business models in North America, Europe and Israel which aim at sustainable transformation in areas such as Energy, IoT as well as Smart City and Mobility. Active Markets Europe, Israel, North America Portfolio companies are supported with comprehensive market knowledge, assistance in business development and links to the widespread innogy Founded 2016 network in order to support their competitiveness and accelerate their growth. innogy Ventures and the innogy Innovation Hub are funded by innogy SE, a leading German energy company, with revenue of around €43 billion Employees 9 (of which all in Europe) (2017), more than 42,000 employees and activities in 16 countries across Europe. Current Fund Size €130m SELECTED PORTFOLIO COMPANIES Use of Debt No Secure cloud-based IoT platform for production authentication and supply chain visibility solutions AUM €130m Target Investment Size €1m - €5m BigchainDB starts with a big data distributed database and then adds blockchain characteristics Target Geographies Europe, Israel, North America Central platform for energy producers and consumers, combining energy management and monitoring Target Sectors New Energy, Smart City & Mobility, IoT, Cyber Security Full Portfolio • www.innogy.ventures/#portfolio Investment Style Flexible KEY CONTACTS Deal Structures Minority, Lead Mischa Wetzel Matthias Engel Veronique Hördemann Key Investment Criteria Software-based, data-driven, utility of the Investment Partner Managing Partner Investment Partner future business model mischa.wetzel matthias.engel veronique.hoerdemann Website www.innogy.ventures Thomas Labryga Felix Krause Thomas W. Thomas Contact Email [email protected] Investment Partner Managing Partner Director Investment felix.krause Management thomas.thomas thomas.labryga Contact Phone +49 30 12084945 INVESTOR BOOK 53

Kizoo Technology Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Karlsruhe KIZOO helps young start-up teams grow by providing mentoring, seed and early stage financing in SaaS, Internet & Mobile Services and a growing focus on Rejuvenation Biotech. Apart from the financial resources, KIZOO is happy to share their longtime experience in development, marketing and product management. Active Markets Germany Early Stage Financing Founded 2008 KIZOO is looking for committed entrepreneurial teams with a clear focus to build high growth products. If you are looking for financing please feel free to send a presentation, a prototype login or anything else you think might be appropriate to highlight your venture to [email protected]. Employees 4 - 10 (of which all in Europe) Current Fund Size €15m SELECTED PORTFOLIO COMPANIES Use of Debt No Babbel is the world’s first language learning app-A leader in the online language learning industry AUM €200m Mambu enables banking institutions to rapidly create, launch and service loan and deposit products through its Target Investment Size €500k - €1m agile cloud banking platform Target Geographies Germany, Austria, Switzerland Staffbase - It supports industry leaders with their own branded app to engage their diverse, disconnected and dis- tributed workforce Target Sectors EdTech, Health, Digital Services, Financial Services Full Portfolio • www.kizoo.com Investment Style Active KEY CONTACTS Deal Structures Minority, Flexible, Joint Control • Matthias is CFO of Kizoo. He has been part of the senior management team Matthias Hornberger since the IPO of the AG in 2000. With his long-standing experience in the Committed entrepreneurial teams, clear investment sector and his comprehensive knowledge of typical features of Key Investment Criteria focus to build high growth products, CEO successful business models on the Internet, he is a competent reference technical expertise product person for young founders. Matthias has extensive contacts in the high-tech industry and numerous local and national networks Website www.kizoo.com Contact Email [email protected] Contact Phone +49 721 51600 INVESTOR BOOK 54

Kreos Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London, Stockholm, Herzliya Pituach, Kreos was founded 19 years ago with the single mission of pioneering unique financing solutions for high-growth companies across Europe and St. Helier, Luxembourg Israel. Since then, Kreos has committed more than €1.8 billion in over 450 portfolio company transactions, in a variety of industry sectors and located in 14 countries. Kreos has been a success because, unlike traditional lenders, Kreos understands the needs of high-growth companies and the Active Markets Europe, USA, UK, Israel unique challenges that they face as global competitors. Founded 1998 The Kreos team has worked with companies at all stages of development offering everything from operational runway extensions through ac- quisition financing. The common threads of the approach include operational flexibility, patience and commitment to creating value. Kreos takes both a credit and an equity view on each financing situation, offering quick feedback on any deal proposal – investing without the need for board seats, Employees 11-50 time-consuming audits, share revaluation, substantial equity dilution, deposits or personal guarantees. The Kreos team has the experien- ce to understand what companies across all stages require, and is able to provide debt funding facilities that meet the real-world demands of growing Current Fund Size businesses and equity sponsors and investors. €400m Use of Debt Yes SELECTED PORTFOLIO COMPANIES Kreditech Group’s mission is to improve financial freedom for the underbanked with the use of technology. Com- AUM bining non-traditional data sources and machine learning, the company is aiming to provide access to better credit > €1.8bn and a higher convenience for digital banking services Target Investment Size Up to €15m Abiquo is a leading developer of Cloud management solutions Target Geographies Europe and Israel Adbrain is a London/US based big data company who have developed a sophisticated platform to harness big data giving marketers the ability to track consumers across multiple devices and as such can be utilised as a tool to Services, Cleantech, Communcation, drive marketing efficiency (both from a cost and performance point of view) Target Sectors Consumer, Life Sciences, Semiconductors, Software, Gaming, E- Commerce Full Portfolio • www.kreoscapital.com/portfolio/ Investment Style n/a KEY CONTACTS Deal Structures Minority • Mårten has more than 20 years of financial industry experience Marten Vading • Previously: Director at UBS Warburg’s technology investment banking arm and Management Consultant at Ernst & Young International Key Investment Criteria High-growth companies Partner • M.Sc. from the Stockholm School of Economics and the Wharton School of the University of Pennsylvania Website www.kreoscapital.com Contact Email [email protected] Contact Phone +44 20 77583450 INVESTOR BOOK 55

Lakestar INVESTORDESCRIPTION KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin, Zurich, New York, Guernsey Lakestar makes early and growth stage investments in technology-enabled businesses predominantly in Europe and the United Statesdriven by exceptional entrepreneurs. Weenjoy investing with aspecific focus on business models that can achieve global scalequickly. Active Markets US, Europe, Asia Lakestar and its General Partners have historically invested in facebook, Spotify, Skype, airBnB, klarna, and King.com, and more recent invest- ments include Oscar,Algomi, Teralytics, GoEuro,AngelList,Maker Studios, Tauliaand Harry’s. Founded 2012 TheLakestar team is on the ground in Berlin, London, Guernsey, New York City and Zurich. Employees 14 Current Fund Size €350m SELECTED PORTFOLIOCOMPANIES SELECTED PORTFOLIO COMPANIES Use of Debt Yes Spotify is a commercial music streaming, podcast, and video service that provides digital rights management–pro- AUM tected content from record labels andmedia companies €500m Target Investment Size Early Stage: €1m - €10m OscarisaNew York based technology-driven healthcare serviceand insurance provider for UScitizens. It has been Late Stage: >€10m created as areaction to changes inthe UShealthcare environment, commonly known as the “Obamacare” program Target Geographies US, Europe, Asia Harry’s business model isto design and producehigh-quality razors andshavingequipment and sell them at acom- petitive price point despite high-quality design Target Sectors Internet and mobile technology enabled businesses Full Portfolio • www.lakestar.com Investment Style Active KEYCONTACTS KEY CONTACTS Deal Structures Minority Shareholder Klaus Hommels Michael Stuenkel Christoph Schuh Outstanding Team / Entrepreneurs, global Founder & CEO Partner Partner Key Investment Criteria scale [email protected] [email protected] Website www.lakestar.com Magnus Graf Lambsdorff Nicolas Brand Mathias Haniel Partner Partner Investment Manager Contact Email N/A [email protected] Contact Phone N/A INVESTOR BOOK 56

Levensohn Venture Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices San Francisco LVP currently advises and co-manages three early stage venture capital funds. These funds follow three prior venture funds that invested over $200 million in emerging companies since the firm's inception in 1996. Active Markets n/a In one of these direct venture capital investing roles, Pascal Levensohn joined Dolby Family Ventures in 2014 as a Managing Director. Andrew Krowne is a Principal at Levensohn Venture Partners who joined the firm in 2014. He is an active member of the investment team across all of the Founded 1996 direct investing and advisory activities of the firm. In addition to direct investing, Levensohn Venture Partners advises a select group of family offices in the roles of Chief Investment Officer and Employees 5 - 10 (of which 0 in Europe) Strategic Advisor, overseeing a wide range of direct investments ranging from the wine industry to biotechnology. LVPis nolonger making new investments but continues to actively support its existing companies. Current Fund Size $200m SELECTED PORTFOLIO COMPANIES Use of Debt No Akros Silicon is a fabless semiconductor company developing power management ICs that facilitate remote network-based energy management. AUM $200m ShotSpotter, a public company, pioneers in gunfire detection and location technology and is used by more than 90 Target Investment Size n/a cities. Target Geographies n/a Full Portfolio • www.levp.com/news/portfolio/ Target Sectors n/a Investment Style Active KEY CONTACTS Deal Structures n/a Pascal Levensohn • Pascal is the founder Levensohn Venture Partners (LVP) and the CEO of Generation Strategic Advisors LLC (GSA); he has held both positions since Key Investment Criteria n/a Managing Partner 1996. Pascal joined Dolby Family Ventures, L.P. as a Managing Director in 2014 after advising the Dolby family on its direct technology investment Email: [email protected] portfolio since 2012. Website www.levp.com Contact Email n/a Contact Phone +1 415 4491005 INVESTOR BOOK 57

M2P Consulting KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices 6 M2P Consulting has been recognized as the "Hidden Champion of Consulting" in the Logistics & Transportation Industry, the "Best Of Consulting 2016" in the category Digitization and IT Management for mid-sized consultancies and the "Best Of Consulting 2017" in the category Public Sector for mid-sized consultancies. Active Markets 6 M2PConsulting is a venture partner and innovation scout for large corporates and investment funds within the TT&L space. Building on 19 years of Founded 1999 consulting expertise, as an award winning strategy consulting firm with a strong focus on logistics and aviation, the Venture & Capital Partners unit identifies exciting investment opportunities and is a holistic end-to-end value creation partner for venture investments. Due to the combination of Investment Advisory, Management Consulting and Asset Management we can provide our clients with seamlessly integrated targeted, efficient and Employees 100 (of which 80 in Europe) professional solutions. Current Fund Size - SELECTED PORTFOLIO COMPANIES Use of Debt Yes AUM n/a Target Investment Size Various Target Geographies Europe Target Sectors TT&L Investment Style Active KEY CONTACTS Deal Structures Majority/Minority Key Investment Criteria Post-revenue, early-stage Name: Dr. Christoph Lymbersky • Former VP at Deutsche Telekom Capital Partners Photo Title: Partner • Serial Entrepreneur (ITMG, COMODEX, MLP) • 13 years of consulting experience Website www.m2p.net Email: [email protected] Contact Email [email protected] Contact Phone +49 173 729 0019 INVESTOR BOOK 58

Mangrove Capital Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Luxembourg, Barcelona, Berlin, Tel Aviv Founded in 2000, Mangrove Capital Partners is an investment firm dedicated to finding and helping passionate, innovative entrepreneurs start and grow global, disruptive companies. With successes such as Brands4Friends (sold to eBay),Skype (sold to eBay), Wix (IPO in October 2013), KupiVip (Russia's leading luxury e-commerce company) and FreedomPop (the leading free mobile internet provider in the US), the firm Active Markets Europe, Israel, US, India has established itself as one of the pre-eminent early stage investment firms in Europe. Mangrove chases bold, transformational ideas around Europe and Israel at he earliest stages and invests across a variety of sectors, with an Founded 2000 emphasis on business models and technologies that leverage the internet to address pervasive business or consumer problems. Employees 13 SELECTED PORTFOLIO COMPANIES Current Fund Size Wix. world leading website creation platform. IPO in 2013. €200m Use of Debt No Walkme. pioneer of a digital adoption platform to simplify the online experience through user insights, engagement and guidance. AUM €800m Kang, the personal health assistant. Using big data and AI, Kang is taking diagnosis to a new, more accurate level Target for patients and doctors. Investment Size €500k - €15m Target RedPoints, the Smart Solution for Brand Protection. Geographies Europe, Israel Advanced algorithms detect, monitor and remove piracy and counterfeits. Target Sectors Software and Internet KEY CONTACTS Hans-Jürgen Schmitz • Mangrove Co-Founder Investment Style Active [Photo] Managing Partner • 18 years of VC investing Deal Structures Minority Email: [email protected] • Current Portfolio: Helpling, Outfittery, Storeking, Travelnest Category defining technologies, Mark Tluszcz • Mangrove Co-Founder Key Investment Disruptive product or service, [Photo] Managing Partner • 18 years of VC investing Criteria Exceptional and ambitious founders Seed and Early Stage Email: [email protected] • Current Portfolio: FreedomPop, JobToday, Kang, Tailorbrands, Wix Website www.mangrove.vc Nikolas Krawinkel • Berlin representative Principal • 3 years of VC investing and former entrepreneur Contact Email [email protected] Email: [email protected] • Current Portfolio: Badiapp, Adverity Contact Phone (+352) 26 25 34 1 INVESTOR BOOK 59

Munich Venture Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Munich HQ Munich Venture Partners is the high-tech venture capital specialist based in Munich, and one of Germany's largest. As an independent venture fund, MVP concentrates on investments for leading-edge start-up companies with Transformative Technologies, which will fundamentally transform established value chains. The investment focus is in Europe and on a select basis, beyond. Relevant sectors include: Cleantech, IoT, Mobility, Active Markets Europe & North America Energy, Advanced Materials, AI, and Robotics. MVP was founded in 2005 and is part-funded by the European Union and its Competitiveness and Innovation Framework Programme (CIP). Founded 2005 Employees 10 (of which 10 in Europe) Current Fund Size €130m Use of Debt No SELECTED PORTFOLIO COMPANIES relayr is a rapidly-growing IoT company providing enterprise middleware and IoT solutions (e.g. Equipment as a Service) for the digital transformation of industries. As a thought leader in enterprise IoT, relayr enables AUM €190m interoperability through industrial grade platforms. €1m - €5m initial investments sonnen is worldwide market leader for residential battery storage and operator of the largest energy sharing Target Investment Size €1m - €15m follow-on investments platforms. The sonnenCommunity is a peer-to-peer network based on the blockchain idea for sharing self- generated energy. Sonnen already supplies over 120,000 people globally with energy. Target Geographies Europe & selectively North America Luxexcel developed a turn key 3D printing solution for ophthalmic laboratories. The company offers a revolutionary new approach to lens manufacturing and opens up new opportunities to differentiate and creates unique Transformative Technologies: Cleantech, customized ophthalmic products for VR & AR glasses. Target Sectors IoT, Mobility, Energy, Advanced Materials, AI, and Robotics Full Portfolio • www.munichvp.com/portfolio.html Investment Style Active & Passive KEY CONTACTS Deal Structures Joint control & Minority Dr. Martin Kröner Scalability; Team Fit; Managing Director • MVP; Linde Group; agnion; thermotec Key Investment Criteria Transformative Technologies incl. 2nd • Investment Manager for sonnen, Luxexcel, Electrochaea, Kebony, and COBI Story Email: [email protected] Website munichvp.com Daniel Vukovic Investment Associate • MVP; Horvath & Partners; Reichmuth & Co; Siemens Contact Email [email protected] • Investment Associate for Electrochaea and Prolupin Email: [email protected] Contact Phone +49 89 200012329 INVESTOR BOOK 60

Next Media Accelerator KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices 1 Next Media Accelerator is an independent accelerator funded by more than 30 media outlets in Germany and Austria. NMA invests in early stage mediatech startups from Europe and Israel providing innovative solutions to disrupt the media. Active Markets Europe, Israel Founded 2015 Employees 7 Current Fund Size €8m SELECTED PORTFOLIO COMPANIES Use of Debt No Spectrm Is the easiest way to create powerful chatbots people love. AUM n/a Target Investment Size Video-livestreaming your event in flawless quality to multiple platforms like Facebook, Youtube, website, etc. €50k Target Geographies Europe, Israel AdTriba allows advertisers to track, control and optimize their marketing activities across all digital marketing channels. Target Sectors Media, Publisher, Ad-Tech Full Portfolio • www.nma.vc/portfolio Investment Style active KEY CONTACTS Deal Structures n/a Nico Lumma Key Investment Criteria Great team Managing Partner [email protected] Website www.nma.vc Sabela Garcia Contact Email [email protected] Program Manager [email protected] Contact Phone n/a INVESTOR BOOK 61

NWZ Digital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Oldenburg Venture Capital and Private Equity for Digital Winners NWZDigital is the corporate venture arm of NWZ Media Group. Weview ourselves primarily as strategic investors. Every day we are driven by three Active Markets Media, Digital Media & Publishing Tech motives: increasing our digital know-how, leveraging the synergetic potential of our VC and PE investments and financial prospects. First and foremost, we are not looking for fast exits, but for sustainably growing companies with a long-term perspective. Founded 2010 Employees 4 (of which all in Europe) Current Fund Size N/A SELECTED PORTFOLIO COMPANIES Use of Debt No [ Logo ] • FINANZCHECK.de is the independent online comparison site for personal loans and private financial products. AUM N/A Target Investment Size [ Logo ] • Meetrics provides real-time data on ad impressions across all delivery channels, for Viewability, Ad Fraud, Brand €1m - €7m+ Safety and Audience Matching. Target Geographies Germany [ Logo ] • Nebenan.de offers neighbors a useful and secure platform for building and maintaining neighborly relations. Target Sectors Digital Media, Classifieds, Content, Platforms, eCommerce, AdTech Full Portfolio • www.nwzonline.de/intern/nwz-digital/portfolio Investment Style Active KEY CONTACTS Deal Structures Minority, Flexible Marc Del Din Digital media-related business model, [Photo] Managing Partner Key Investment Criteria exceptional and ambitious team, proven traction, defendable assets, series A+ [email protected] Website www.nwz-digital.de Dr. Christian Horneber [Photo] Sn. Investment Manager Contact Email [email protected] [email protected] Contact Phone +49 441 9988 9621 INVESTOR BOOK 62

Partech KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Paris, Berlin Partech is a transatlantic investment platform for tech and digital companies, dedicating capital and resources to support entrepreneurs from seed to growth on four continents. Active Markets USA, Europe The Partech Ventures team of 45 professionals / 12 partners in San Francisco, Paris and Berlin leads 50 to 70 investments per year across the whole tech spectrum, from digital services, software and security to hardware, electronics and advanced tech. Since 2012, Partech Ventures has Founded 1982 built a unique business development capacity to foster synergies and business relationships between entrepreneurs, strategic industry partners and a large network of angels and tech executives. Companies backed by Partech Ventures have completed 21initial public offerings and more than 50 exits above €100m. Employees 45 (of which 24 in Europe) Current Fund Size €950m SELECTED PORTFOLIO COMPANIES Use of Debt No Leading DIY products and services marketplace in Europe AUM €1.2bn Target Investment Size €200k - €40m Visionary entreprise information management software Target Geographies USA, Europe Leading cross-border direct business lending marketplace in continental Europe Target Sectors IT & Digital Full Portfolio • www.partechpartners.com/companies/ Investment Style Active KKEEYY COCONTNTAACTCTSS Deal Structures Majority, Minority, Flexible, Joint Control, Lead Omri Benayoun Olivier Schuepbach Key Investment Criteria Team, Market, Model, Momentum General Partner General Partner [email protected] [email protected] Website www.partechpartners.com BrunoCremel Otto Birnbaum Contact Email [email protected] General Partner Principal [email protected] [email protected] Contact Phone n/a INVESTOR BOOK 63

Piton Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London Piton Capital is a venture capital and growth equity firm based in London. It focuses on investments in online companies with network effects, such as marketplaces and exchanges. Its founding partners have deep entrepreneurial and investment experience, and have been instrumental investors in Betfair and QXL Ricardo, amongst others. Piton’s current portfolio includes companies such as Auto1, Fanduel, ManoMano, McMakler, RedBubble, Active Markets Worldwide Watchfinder, BullionVault, Watchfinder, Docplanner and Booksy. Founded 2010 Piton invests from EUR 200k – 20m in network effects businesses across all stages. Employees 6 (of which 6 in Europe) Current Fund Size N/A SELECTED PORTFOLIO COMPANIES Use of Debt No • AUTO1.com is an end-to-end marketplace for used cars AUM N/A Target Investment Size €200k - €20m • FanDuel is the leading daily fantasy sports platform in the US Target Geographies Worldwide • DocPlanner enables patients to find great, local physicians online and book an appointment Target Sectors Any Full Portfolio • www.crunchbase.com/organization/piton-capital Investment Style Active KEY CONTACTS Deal Structures Any • Instrumental investor in QXL Ricardo [Photo] Andrin Bachmann Partner • Co-founder Glocalnet of (Swedish telco) Key Investment Criteria Online companies with network effects Email: [email protected] • Companies: Auto1, FanDuel, ManoMano, DocPlanner, Videdressing, etc. Website www.pitoncap.com [Photo] Natasha Ratanshi Contact Email [email protected] Principal • 2+ Years at Piton Capital, Previously M&A at Goldman Sachs Email: [email protected] Contact Phone +44 207 408 0451 INVESTOR BOOK 64

Project A KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin TheBerlin-based investor makes use of €260m in assets under management to back early-stage companies in the digital technology space. Project A is pursuing a unique operational VC approach that provides its ventures with capital, an extensive network and exclusive access to a wide range of operational expertise. With its unique organizational structure featuring 100 operational experts, Project A offers its portfolio companies hands-on Active Markets n/a support in the areas of Software Engineering, Digital Marketing, Design, Communications, Business Intelligence, Sales and Recruiting. Founded 2011 Theportfolio includes companies such as KRY, Catawiki, WorldRemit, Spryker, Contorion, uberall and eyeota. You can find more information at www.project-a.com and on the blog insights.project-a.com/. Employees 100 SELECTED PORTFOLIO COMPANIES Current Fund Size €140m Catawiki is a global online auction platform which unites buyers and sellers of special objects and collectibles in a unique way. The company was founded in 2008, since 2011, Catawiki has been hosting weekly auctions for special Use of Debt No objects, from comic books to classic cars and everything in between. With millions of visitors from across the world every month, Catawiki is the most trusted place for selling high-quality and hard-to-find objects online. AUM €260m KRY is a digital health startup, providing its users a modern care experience by offering a digital healthcare center where patients can meet a doctor via video. The app is developed for patients who need healthcare for medical concerns that do not require a physical examination for diagnosis. KRY is an approved healthcare provider and is therefore subject to the same rules and regulations as all other providers of healthcare in Sweden. Target Investment Size €500k - €5m WorldRemit is an online service that lets people send money to friends and family living abroad, using a computer, smartphone or tablet. It is a convenient, low-cost alternative to traditional money transfer companies that use high Target Geographies Europe street agents and charge unreasonable fees. Money can be received as a bank deposit, cash pick-up, Mobile Money, or mobile airtime top-up. WorldRemit’s service is available to senders in 50 countries. It offers transfers to more than 140 destinations across Europe, Asia, Africa, Australia and the Americas. Target Sectors Digital Technology Full Portfolio www.project-a.com/en/portfolio Investment Style Venture Capital KEY CONTACTS Deal Structures Seed / Series A Thies Sander Thies is a founding partner at Project A. In this role, Thies is a trusted advisor to Founding Partner Project A portfolio companies and oversees Project A's investor relations and talent management activities. Thies is serving on the board of companies as for Key Investment Criteria n/a Email: [email protected] example KRY, Spryker, uberall and Contorion. Dr. Florian Heinemann Florian Heinemann is a founding partner at Project A, where he is responsible Website www.project-a.com for marketing, CRM and business intelligence. Prior to his current role, he was a Founding Partner managing director at Rocket Internet (2007-2012). At Rocket, he was instrumental in building Zalando, Global Fashion Group and eDarling/Affinitas. Contact Email [email protected] Email: [email protected] Florian is serving on the board of companies as for example WorldRemit, Eyeota, Opinary and CrossEngage. Contact Phone +49 30 340606301 INVESTOR BOOK 65

Redalpine Venture Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Zurich Redalpine provides Venture Capital to highly scalable European start-ups. Our mission is to help talented entrepreneurs turn an ambitious vision into reality by providing money, experience, coaching and door opening. Redalpine was established in 2007 by a group of successful serial entre- preneurs, business angels and start-up coaches. Since the mid-eighties, they have co-founded and supported some of the most disruptive and Active Markets n/a successful European high-tech start-up companies, including Xing, SoundCloud and Plazes. The three funds currently in operation have invested in over 40 ICT and Health Tech companies with more than 20 exits. Founded 2007 Employees 8 (of which all in Europe) Current Fund Size CHF 150m SELECTED PORTFOLIO COMPANIES Use of Debt No Europe’s Most Modern and Entirely Smartphone-Based Bank AUM CHF 150m Target Investment Size CHF 500k – CHF 3m Art. Everywhere. Online Shop for Art, Apparel and Accessories Target Geographies Europe (with focus on Switzerland & Fully Automated Data Driven SME Financing Germany) Target Sectors ICT, Health Tech Full Portfolio • www.redalpine.com/portfolio/ Investment Style Active KEY CONTACTS Deal Structures Minority Peter Niederhauser • Serial entrepreneur since 1986, co-founder of Miracle Software, Business Founder, Partner Angel Key Investment Criteria Eartly stage, highly scalable technology / Email: [email protected] • Companies: N26, Juniqe, Trekksoft, Blackbill, Taxfix, Bexio product, convincing founders Michael Sidler • PhD in Life Sciences, Consultant at BCG, Business developer at Prionics, Website www.redalpine.com Founder, Partner CTI- startup coach Email: [email protected] • Companies: Redbiotec, Medmira, Versantis, Lunaphore Contact Email [email protected] Harald Nieder • PhD in Physics, Corporate Risk Advisory at BNP Paribas, FX Structuring at Partner Merrill Lynch, Business Angel Contact Phone +41 442711530 Email: [email protected] • Companies: Jodel, CarThrottle, Home, Zenjob INVESTOR BOOK 66

Redline Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London, Luxembourg Redline invests in fast-growing companies with differentiated technologies across North America, Europe and Israel. Redline’s funds originate from Vladimir Evtushenkov, the majority shareholder and principal founder of Sistema, listed on the LSE. Sistema is one of Active Markets North America, Europe & Israel Russia’s largest publicly listed investment companies and has been investing in various technology segments for over twenty years. Founded 2014 Sistema is the majority shareholder of Mobile TeleSystems (MTS), listed on the NYSE. MTS is the leading telecommunications group in Eastern Europe, offering mobile and fixed voice, broadband, pay TV as well as content and entertainment services. MTS services over 100 million mobile subscribers. In addition, through its many portfolio companies Sistema also holds leading positions in a range of other sectors, including Media, Employees 11 - 25 (of which 7 in Europe) Radio, Security, Microelectronics, Healthcare, Retail, Pharmaceuticals, and Transportation. Current Fund Size $350m SELECTED PORTFOLIO COMPANIES Use of Debt No iwoca offers flexible credit to small businesses across Europe AUM N/A Target Investment Size $5m - $40m Weave Cloud simplifies deployment, monitoring and management for containers and microservices Target Geographies North America, Europe & Israel Touch Surgery offers a mobile app to teach procedures digitally to the global surgical community Target Sectors Enterprise Software, FinTech, AI and Robotics, Life Science Technologies Full Portfolio • www.redline-capital.com/portfolio/ Investment Style Active KEY CONTACTS Deal Structures Minority • Benno is a Principal at Redline based in London Benno Jering • He previously worked at two Tech-focused investment banks in London. Prior Key Investment Criteria Team, IP, Growth, Track Record, Principal to that he was with Credit Suisse, where he focused on M&A, Equity and Market Potential Leveraged Finance transactions in the TMT sectors. Benno holds a Business [email protected] degree from Warwick Business School Website www.redline-capital.com • Companies: iwoca, Anodot Contact Email [email protected] Contact Phone +44 207 499 1725 INVESTOR BOOK 67

red-stars.com data KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Vienna, Hamburg Weareanoperative holding company, foussed on software in the spaces of B2B digitalization. Aeras of interest: • IoT Active Markets n/a • EDI • Processes, design and analyses Founded 2000 • Fast Prototyping • Smart Contracts • Social Media Analyses Employees 10 (of which 8 in Europe) • Industrial Platforms • Copliance/Cloud Current Fund Size n/a SELECTED PORTFOLIO COMPANIES Use of Debt No Global IoT SIM management solution, integrated billing, cloudbased AUM €200m Target Investment Size Managed EDI services in the cloud > €1m Target Geographies global Ultra fast prototyping, Instant development of business application software Target Sectors B2B Software, IoT, Connectivity, Processes Full Portfolio • www.red-stars.com Investment Style Active KEY CONTACTS Deal Structures whatever works Thomas Streimelweger • CEO & Founder red-stars.com data AG Key Investment Criteria Scalablility, USP in technology CEO • Chairman MAVOCO [email protected] • CEO, Chairman & Founder S&T AG, (IPO 1998, today TecDAX) Website www.red-stars.com • COO red-stars.com data AG Wolfgang Fritz • CIO Tchibo Group Contact Email [email protected] COO • IT Director Eduscho • SAP Key Project Leader Contact Phone +43 6643402678 [email protected] • IT Consultant & Developer INVESTOR BOOK 68

Redstone KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin (HQ), Helsinki, Zurich Redstone is a Berlin-based Venture Capital firm working with multiple corporate venture funds. We have reinvented corporate Venture Capital through our VC-as-a-Service model, which connects industry leaders with ambitious founders. Together with our industry partners, we activate corporate capital, knowledge and network to support our entrepreneurs in growing their businesses. Active Markets Global Additionally to our investment service we provide tailored intelligence that empowers partners to make better-informed strategic decisions and stay informed about future digital trends. Redstone is run by experienced entrepreneurs and investors with deep roots in the German and European technology ecosystem. Our founding Founded 2014 partners have built and advised some of Europe's largest technology companies over the last two decades. Employees 25 Current Fund Size Managing Multiple Funds SELECTED PORTFOLIO COMPANIES Use of Debt No AUM Managing Multiple Funds Target Investment Size €250k – €5m Target Geographies Global with focus on Europe & DACH Target Sectors FinTech, PropTech, Mobility, Logistics, Industrial IoT Investment Style Active KEY CONTACTS Deal Structures Minority Investments Marcus Schroeder • Director Investment Banking, Merrill Lynch; Global Head of Automotive M&A, Key Investment Criteria Seed – Series B Partner Societe General; Global Head of Industrials and Automotive M&A, Santander Bank; Director Investment Banking, Merrill Lynch [email protected] Website www.redstone.vc Bastian Faulhaber Contact Email [email protected] Investment Manager • Business Development, Rocket Internet Venture; Research Consultant, goetzpartners; Entrepreneur [email protected] Contact Phone +49 30 2759 2650 INVESTOR BOOK 69

RTA Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Warsaw, Berlin RTAventures VC is an early stage venture capital firm investing in online and healthcare undertakings. Apart from doing direct investments RTA.vc invests also in other venture capital funds. Austria, France, Germany, Poland, Spain, RTAventures VC did 29 new investments in last 6 years, plus over twenty of follow-ons. They made 8 investments in Germany, 5 in the U.S., 8 in Active Markets United Kingdom Poland, 1 in Spain, 2 in Slovenia, 1 in Austria, 1 in Ukraine and 3 in France. They are committed to supporting the entrepreneurs wholeheartedly alongside other investors, in particular, Point Nine Capital from Berlin. Founded 2011 RTAventures VC is managed by Piotr Kulesza and Lubomir Jurczak. Employees 1 - 3 (of which all in Europe) Current Fund Size €10m SELECTED PORTFOLIO COMPANIES Use of Debt No Typeform - cloud-based application for users to create and respond to surveys and other types of forms on any device AUM €25m Target Investment Size €100k - €1.5m Docplanner - online healthcare platform enabling patients to find local physicians online and book appointments Target Geographies Europe GoOpti is a long distance dynamic shuttle platform connecting passengers and transportation company between small cities and airports Target Sectors Marketplaces, Health, Digital Services Full Portfolio • www.rtaventures.com/ Investment Style Active KEY CONTACTS Deal Structures Minority, Flexible Piotr Kulesza Key Investment Criteria Working product with great engagement [ Cofounding Partner • General partner and founder of RTAventures VC Email: [email protected] Website www.rtaventures.com Contact Email [email protected] Contact Phone n/a INVESTOR BOOK 70

ru-Net KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Moscow Founded in 1999 in Moscow, Russia and initially best known for its early stage investment in Yandex.ru (YNDX) and OZON.ru, ru-Net currently supports over 30 active portfolio investments across Russia, India, SEA and Europe. The strategy is tofind leading high-growth companies disrupting the market and work closely with the teams to help with necessary aspects of growing the company – fund-raising, recruiting and business Active Markets Europe, India, South East Asia, Russia expansion. The ru-net team uses a flexible investment approach with investments both in early and growth stage companies with diffe- rent check sizes depending on the company needs. Founded 1999 Employees 4 - 10 (of which 4 in Europe) Current Fund Size $700m SELECTED PORTFOLIO COMPANIES Use of Debt No DeliveryHero - network of online food ordering sites with over 100 restaurant partners worldwide AUM n/a Dawanda - online marketplace that trades handmade products from professional artisans, artists, designers, and Target Investment Size $1m - $30m individuals Target Geographies Europe, India, SEA, Russia Tradeshift - Global network and platform that helps companies innovate the way they buy, pay and work together Target Sectors Marketplace, E-Commerce, Mobile, Entertainment, Social Full Portfolio • www.ru-net.ru Investment Style Active KEY CONTACTS Deal Structures Minority Alexander Pavlov Investment Partner • Joined ru-Net in 2008 Key Investment Criteria Early or growth disruptive tech companies • Companies: Dawanda, Esky, GFH backed by top-tier teams Email: [email protected] Website www.ru-net.ru Galina Chifina • Joined ru-Net in 2008 Contact Email [email protected] Investment Director • Companies: Dawanda, Esky, GFH Contact Phone n/a INVESTOR BOOK 71

Seventure Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Paris, Munich Seventure Partners finance innovation and participate in the entrepreneurial adventure alongside our entrepreneurs. The Seventure team shares the passion to succeed. Established in 1997, Seventure Partners is a key player in European venture capital with more than €600m under manage- ment. As an active partner of French and European technology firms with strong growth potential, Seventure Partners finances the development of Active Markets France, Germany innovative companies. Seventure is an established European lead investor. With more than twenty employees, including about fifteen in the investment team, Seventure Partners has demonstrable in-depth expertise in many areas of technology, entrepreneurship, fund raising and Founded 1997 corporate finance. Seventure has built an impressive investment track record over more than 10 years. The team has completed over 50 exits, 15 of which were IPOs. Seventure Partners supports wealth creation and technological development in Europe: our active support has enabled the creation of over 3500 jobs directly. Employees 25 (of which all in Europe) Current Fund Size n/a SELECTED PORTFOLIO COMPANIES Use of Debt No Enables businesses to accept mobile payments with all major credit cards on their smartphone and tablet. AUM n/a Target Investment Size €1m - €5m Tesbirds provides mobile apps and websites crowdtesting (bug and usability testing). Target Geographies Germany Customers are able to compare and book trains, flights, long distance buses and ride shares in one search. Target Sectors FinTech, SaaS, Innovative services Full Portfolio • www.seventure.fr/en/our-expertise/ Investment Style Active, Passive KEY CONTACTS Deal Structures Control, joint control, minority • MBA and PhD degree from University of Munich Wolfgang Krause • 15 years experience in the information and telecom industry, both in business Key Investment Criteria Proven business model – no seed Venture Partner development functions and as an early stage investor investments • Companies: Payleven, Testbirds, From A to B. Webdata Website www.seventure.fr/en Contact Email [email protected] Contact Phone +49 89 87806860 INVESTOR BOOK 72

Speedinvest KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Vienna, Berlin, Munich, Silicon Valley Speedinvest lays its focus on European early stage technology. Besides financial investments, the fund actively deploys its network and know-how to support its portfolio companies in their everyday challenges, offering operational resources and business development in the US. Speedinvest’s office in Silicon Valley supports portfolio companies entering the US market. Active Markets Europe Founded 2011 Employees 30 – 35 Current Fund Size €120m SELECTED PORTFOLIO COMPANIES Use of Debt No ClauseMatch is a real-time document editing and collaboration platform for teams working in highly regulated industries. AUM €120m Target Investment Size €200k - €500k Payworks is the provider of Pulse, a next generation Point of Sale payment gateway technology for merchants. Target Geographies Europe TourRadar is the world’s trusted online marketplace to compare and book group travel, with its headquarters in Vienna and regional service centers in Sydney and San Francisco. Target Sectors Marketplace, DeepTech, FinTech, Consumer Full Portfolio • www.speedinvest.com/portfolio/ Investment Style Active KEY CONTACTS Deal Structures Significant minority Oliver Holle • 20+ years in technology, Serial Founder, Founder of Speedinvest CEO • Companies: Wikifolio, Sipwise, Shpock, Adverity Key Investment Criteria Seed Stage, First Traction, MVP Michael Schuster • 15+ years in IT and enterprise software, Co-founder of Speedinvest Website www.speedinvest.com Partner • Companies: Flaviar, Bitmovin, ClauseMatch, Tourradar Contact Email [email protected] Daniel Keiper-Knorr • 15+ years in investor relations and business development, Co-founder of Speedinvest Partner • Companies: Storyclash, Enbritely Contact Phone n/a INVESTOR BOOK 73

Swisscom Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Zurich, Lausanne, Palo Alto SwisscomVentures is the venture capital arm of Swisscom AG, the leading telecommunications and IT provider in Switzerland. Since our inception in 2007, we have invested in over 50 IT, digital media and telecommunication companies from our offices in Switzerland (Zurich and Lausanne) and the USA(Silicon Valley). As a strategic investor, we offer entrepreneurs access to our technical infrastructure and market channels in addition to financial Active Markets Switzerland, Europe, USA, Israel support. We focus on sectors of domain expertise such as Telco & IT Cloud, DeepTech and Cybersecurity as well as Big Data & AI related new business models where we leverage our access to Swisscom’s technology and market experts. Founded 2007 Employees 10 Current Fund Size CHF 200m SELECTED PORTFOLIO COMPANIES Use of Debt No [ Logo ] Beekeeper is a digital workplace app that digitizes the non-desk workforce by connecting operational systems and communication channels. AUM CHF 300m Target Investment CHF 1m –CHF 3m initial commitment at [ Logo ] Ava is a patented multi-sensor bracelet, which allows women to precisely and conveniently predict fertile days. Size seed / early stage Target Geographies Switzerland, Europe, USA, Israel Sophia Genetics is a tech company that created an artificial intelligence to help healthcare professionals better diagnose and treat patients Target Sectors ICT & DeepTech, IoT, Enterprise Solutions, Security, Fintech, Media & Ads, eHealth Full Portfolio www.swisscom.ch/en/ventures.html Investment Style Active KEY CONTACTS Deal Structures 5-25% equity stake, minority Dominique Mégret [Photo] • 15 years VC experience, Head of Strategy Swisscom, CEO kickstart Key Investment Strategic fit to SC Group, team quality, Head of Venturing Ventures, Oliver Wyman, MBA Insead Criteria market maturity & growth potential Email: [email protected] • Companies: AVA Women, Sophia Genetics, Geosatis Website www.swisscom.ch/en/ventures Pär Lange • 16 years VC experience, CEO Miranet Advisors, var. Management positions [Photo] Investment Director at Ericsson, MBA Insead & MSc. Physics Contact Email [email protected] • Companies: Bring!, Instabridge, Insightness, Actlight Email: [email protected] Contact Phone n/a INVESTOR BOOK 74

Tengelmann Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin, Mühlheim an der Ruhr As one of Germany’s leading venture capital investors Tengelmann Ventures has invested in over 50 companies over the past 10 years, many of which have become global players and leaders in the market in their particular segment. Active Markets Global, focus on Europe Thefocusis early and growth stage investment in consumer internet companies, internet marketplace and technology ventures. Started as a full subsidiary of multi-retailer Tengelmann Group, in transformation to classical Fund structure. Founded 2009 Non-strategic investments since day 1, initial focus on eCommerce and subsequent shift into broader topics Consumer Internet Transaction Models, Digital Services and Enabling Software & Technologies. Employees 10 – 15 (of which all in Europe) Key past investments include Zalando (Series A), Delivery Hero (Seed), Stylight (Seed), Scalable (Series A) as well as later stage investments such as Uber, Wishand Klarna. Current Fund Size n/a SELECTED PORTFOLIO COMPANIES Use of Debt Yes Delivery Hero - The Food-Delivery-Service operates online platforms in 14 countries across 4 continents to bring better food to the people everyday. The company was founded in 2010 in Berlin AUM n/a Scalable Capital is a personalised Investment Management., providing the most convenient form of investment and Target Investment Size $3m - $5m initial, up to $30m total taking care of all investment decisions Target Geographies Global data Artisans are the makers of Apache Flink, a leading open-source Stream Processing solution used by companies such as Netflix, Alibaba, Uber and many more Target Sectors Consumer internet companies, internet marketplace and technology ventures Full Portfolio • www.tev.de/#portfoliobg Investment Style n/a KEY CONTACTS Deal Structures Equity (minority) Christian Winter • Over 15 years of experience in internet start-ups and e-commerce companies Key Investment Criteria Rapidly growing, innovative internet and General Partner • Previously: Douglas Holding AG, co-founded Berlin’s gastrixx AG, IBM, technology companies Pironet NDH, responsible for e-commerce and non-store retail at Karstadt Website www.tev.de • Over 10 years of experience in technology and startups, education in Jan Sessenhausen Information Technology Contact Email [email protected] • Previously: Senior Investment Manager at HTGF, Manager at Sapient and General Partner various roles at Capgemini; as well as Hewlett-Packard Contact Phone +49 2085830 INVESTOR BOOK 75

Unternehmertum Venture Capital Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Munich UnternehmertumVenture Capital Partners (UVC Partners) is a Munich-based private early-stage venture capital firm that invests in technology-based startups in Germany, Austria, and Switzerland. UVC Partners focuses on B2B business models in the areas of Industrial Technologies, Enterprise Software/SaaS and Mobility. We typically invest between € 0.5-3m initially and up to € 12m in total. That means that we invest in the Seed, Active Markets Germany Series A and early Series B phase. Currently, we manage two funds with a total of about € 110m under management. Portfolio companies benefit from the extensive experience of the management team as well as from the close cooperation with UnternehmerTUM, Europe's leading innovation Founded 2011 and business creation center. With over 180 employees and more than 100 industry partners, UnternehmerTUM can draw from many years of experience in establishing young companies. This enables UVC Partners to offer startups unique access to talent, industry customers, and other financial partners. Employees 10 Current Fund Size € 83m SELECTED PORTFOLIO COMPANIES Use of Debt No FlixMobility is a young mobility provider that offers under its brands FlixBus and FlixTrain new ways of travelling comfortably, cheaply and environmentally friendly. The startup developed within a short time into Europe’s largest AUM long-distance bus network and launched the first long-distance trains in early 2018. € 110m IIoT company KONUX integrates smart sensor systems and AI-based analytics todeliver asset insights in real time Target Investment Size €500k - €3m, in aggregate up to €12m and to enable its customers to switch to predictive maintenance. The end-to-end solution uses artificial intelligence to help clients continuously monitor their infrastructure, identify maintenance needs ahead of time and improve operational efficiency. KONUX empowers industrial and rail companies to reach a new level of asset performance. Target Geographies Germany, Austria and Switzerland Vimcar is a holistic software provider for logbooks and fleet management. With its innovative technology, the company is digitizing processes for the company car of the future. More than 30,000 users, including Allianz, B2B (esp. Industrial Technologies, Deutsche Bahn, Zalando and Hertha BSC, rely on the Vimcar SaaS solution to efficiently manage company cars Target Sectors Enterprise Software/SaaS, Mobility) and transport vehicles. Investment Style Active Full Portfolio • https://www.uvcpartners.com/#portfolio KEY CONTACTS Deal Structures Venture Capital (minority) Alexander Kiltz [Photo] Investment Associate Key Investment Criteria Seed, Series A, early Series B Email: [email protected] Website www.uvcpartners.com Dr. Ingo Potthof Contact Email [email protected] [Photo] Managing Partner Email: [email protected] Contact Phone +49 89 189 469 0 INVESTOR BOOK 76

Ventech KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Paris, Munich, Helsinki, Shanghai Ventech is an early-stage VC fund created in 1998 in Paris. Since then, we have developed internationally, with the openings of offices in Munich in 2013andHelsinki in 2018 and the launch of a sister company in China in 2008. Our motto is “Global reach, local touch”, meaning that we can provide internationalisation support to our start-ups through our local networks in various geographies. We are a team of 9 investment professionals in Active Markets Europe, Asia Europe, with General Partners having two fund lifecycles behind them and meaningful exits (>60). We are “entrepreneurs first” meaning we back entrepreneurs in all sectors of the digital economy, from marketplaces to semiconductors. Founded 1998 Employees 13 in Europe Current Fund Size €140m SELECTED PORTFOLIO COMPANIES Use of Debt No Picanova is the leading company in the field of mass customized wall- and lifestyle decoration. AUM €400m Speexx is the only SaaS language platform that combines assessment, learning and continuous performance Target Investment Size €2 - €4m support for international corporations Target Geographies France, Germany, Nordics FinTecSystems provides banks, financial services companies, and payment processors with real-time data to make financial decisions. Target Sectors Digital economy Full Portfolio www.ventechvc.com/companies/ Investment Style Active KEY CONTACTS Deal Structures Minority Christian Claussen • Christian has been a General Partner with Ventech since 2013 and brings his [Photo] 20-year experience as an investor in innovation. Based in Munich and Paris, Key Investment Criteria Team, Market, Traction General Partner he leads Ventech investment activities in the DACH region. [email protected] • Invested in CoreOptics (acquired by Cisco), Silicon Hive B.V. (acquired by Intel), Netviewer AG (acquired by Citrix), Arteris Inc. (acquired by Qualcomm) Website www.ventechvc.com/ • Stephan works hand-in-hand with Christian to develop the Firm’s footprint in Stephan Wirries the DACH region Contact Email [email protected] [Photo] Principal • Completed several Seed deals such as Realbest and Crossengage in Germany, and in 2016 led Ventech Capital F’s investment in European [email protected] Games Group’s Series B round Contact Phone +33 1 83 79 81 90 INVESTOR BOOK 77

Via ID KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Paris, Berlin, San Francisco, Singapore Via ID is the Corporate Venture Capital arm of Mobivia, the European leader for automobile services and mobility solutions (brands include ATU, Norauto, Midas, etc.). Active Markets EU, USA, Asia We invest with a long term view in early stage companies in the field of mobility. Current portfolio includes Go-Jek, Drivy, Heetch, Swiftly, Smoove, Xee and many more. Founded 2009 Employees 18 (of which 16 in Europe) Current Fund Size NA SELECTED PORTFOLIO COMPANIES Use of Debt No [ Logo ] digital platform for on-demand transportation and services AUM NA Target Investment Size €250k - €5m [ Logo ] The n°1 peer-to-peer car rental service in Europe Target Geographies EU, USA, Asia [ Logo ] Urban ride-sharing at night between private individuals Target Sectors Mobility Full Portfolio www.via-id.com/en/startups/ Investment Style Active KEY CONTACTS Deal Structures Minority Alexis Hue Mobility Focus (sustainable, smart, daily) [Photo] Partner, Central and Northern Europe • 15+ years experience in driving growth strategies. INSEAD Key Investment Criteria Exceptional Team Email: [email protected] Website www.via-id.com Contact Email NA Contact Phone NA INVESTOR BOOK 78

Vorwerk Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Wuppertal, Germany Vorwerk Ventures is the corporate venture fund of Vorwerk Group. Our investment focus is global and sector-wise on direct-to-consumer business models and on enabling technologies. Weare proud to have invested in and worked with companies like Ringana, MeinAuto, HelloFresh, DaWanda, Lillydoo, Lesara, Ottonova, Thermondo, Flaschenpost, neato robotics and many others. Active Markets Europe, US Founded 2008 Employees 3 Current Fund Size €150m SELECTED PORTFOLIO COMPANIES Use of Debt No First digital health insurance in Germany AUM €250m Target Investment Size €1m - €10m Last mile beverage logistics Target Geographies primarily Europe First European digitally native vertical baby care brand Target Sectors direct to consumer business models & enabling technologies Full Portfolio www.corporate.vorwerk.com/en/vorwerk-direct-selling-ventures/portfolio/ Investment Style passive KEY CONTACTS Deal Structures Joint control, minority, board representation Dirk Meurer • Founding partner of Vorwerk Ventures with 22 years of international ] Managing Director investment management experience Key Investment Criteria Sizeable market, scalability, team • Companies: meinauto, DaWanda, Ottonova, Hellofresh, Juniqe, neato [email protected] robotics, Thermondo, Mädchenflohmarkt Website www.corporate.vorwerk.com/en/vorwerk- direct-selling-ventures/home/ Contact Email [email protected] Contact Phone +49 202 564 1923 INVESTOR BOOK 79

W Ventures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin WVentures is a Berlin based Venture Design and Venture Capital company that offers a complete framework for the acceleration of digital business ideas for leading international companies in key B2B and B2C sectors. Active Markets Europe & USA Weare an operational VC, technology provider and innovation hub together with our industry and technology partners. We support start ups from seed to growth and are able to combine the best assets of established companies with the speed, agile processes and mindset of start ups to Founded 2014 accelerate growth. We deliver mergers & acquisitions advice, advice for digital transformation strategies and co-accountability in digital business creation. Employees 5 (3 in Europe) With our knowledge about transactions, industry experts and extensive network from long-standing service in top management positions, we execute best practice and objective advisory services for our clients. Furthermore, we offer advisory services to assure the execution of well-ordered succession plans. Current Fund Size N/A SELECTED PORTFOLIO COMPANIES Use of Debt - Osaro is a deep reinforcement learning technology company specializing in AI software for industrial robotics AUM N/A automation. Target Investment Size Depends Lampenwelt is the #1 specialty online retailer of lighting products in Europe. Target Geographies Europe, USA ThinAir is a security company whose mission is to allow organizations to detect and investigate insider threats in seconds. E-Commerce, Media, Digital Services, Target Sectors Connected Home, Cyber Security, Digital Health Bloom Farms is a socially responsible medical cannabis company. Investment Style Flexible KEY CONTACTS Deal Structures Minority • Jochen M. Wilms is a business leader with 25+ years of industry, consulting and investor experience. He started his career in retail and spent 10 years as Jochen M. Wilms a General Manager at the Media Group Bertelsmann as MD Marketing & Key Investment Criteria Team. B2C and B2B SaaS Focus, Cash [Photo] Sales during the company's transition phase to digital. Thereafter he took the Generative Stage, Selectively Early Managing Partner responsibility for Schüco, a circa €1.5 bn. turnover provider of aluminum [email protected] curtain wall systems. He later worked with Grohe, a circa €1.5 bn. bathroom Website www.wventures.de fittings business. Jochen is senior advisor and chairman to numerous international leading companies, notable private equity investors and family offices in Europe, Asia and the USA. Contact Email [email protected] Contact Phone +49 30 31 80 04 43 INVESTOR BOOK 80

WestTechVentures KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin WestTech Ventures is a Berlin-based VC firm focused on pre-seed & seed investments in Germany in the fields of B2B SaaS in different verticals, Developer Tools, and Enterprise Software. We have a portfolio of more than 30 companies as of today and notable investments are Delivery Hero Active Markets Europe (IPOed), Dalia Research, Remerge and TestObject (acquired by Sauce Labs). Founded 2013 Employees 3 in Europe Current Fund Size n/a SELECTED PORTFOLIO COMPANIES Use of Debt No Dalia uses mobile technology to engage with people in a more natural environment, providing instant, relevant, global insights. Their goal is to be known as the platform and methodology of choice for global consumer AUM n/a understanding LANA enables the simple analysis and visualization of complex events in business processes by using process Target Investment Size €50k - €250k mining techniques & enables the automated analysis of process deviations Target Geographies Germany Jovo is the first open source framework for developers to build cross-platform voice apps for Amazon Alexa and Google Home Target Sectors B2B Software Full Portfolio www.westtechventures.de/#portfolio Investment Style Flexible KEY CONTACTS Deal Structures Minority Masoud Kamali Key Investment Criteria Team & strong core technology CEO & Founder Email: [email protected] Website www.westtechventures.de Alexander Kölpin Contact Email [email protected] Partner & MD Email: [email protected] Contact Phone n/a INVESTOR BOOK 81

XAnge KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Paris, Munich With €400munder management and a portfolio of 75 startups, XAnge has been a key investor in Europe for 15 years. Austria, Belgium, France, Germany, SPECIALIZEDIN EARLYSTAGE-TheXAngeteam hasspecific knowledge and truly understand your business challenges to back you. Active Markets Netherlands, Switzerland, UK SHAREDPASSIONANDAMBITIONWITHENTREPRENEURS-XAngestrongly believes that both sides of the table must be driven by the same Founded 2003 enthusiasm INTERNATIONALREACHANDPROVENTRACKRECORD-XAngeboostsentrepreneurs on aglobal scale Employees 11 - 25 (of which 16 in Europe) ADYNAMICCOMMUNITYOFENTREPRENEURS-XAngeisanactiveplayer inacommunity where entrepreneurs share best practices Current Fund Size n/a SELECTED PORTFOLIO COMPANIES Use of Debt No Mister Spex is Europe’s leading online eyewear retailer AUM €400m Target Investment Size €1m - €5m Believe is a smart distribution and marketing services for artists and labels worldwide Target Geographies Austria, Belgium, France, Germany, Studitemps is a temp agency for students Netherlands, Switzerland, UK Target Sectors Technology, Technology-Enabled Services Full Portfolio • www.xange.fr/who-we-rock/ Investment Style Active KEY CONTACTS Deal Structures Minority, Lead, Co-Investor Bernhard Schmid • Bernhard is Partner at XAnge, where he is heading the German operations. Prior Bernhard was with Deutsche Venture Capital, the venture arm of Key Investment Criteria Team, growth potential, market size, Partner Deutsche Bank. He started his VC life at Atlas Venture, a Boston based early technology, business model stage venture fund. Bernhard serves on the Board of various technology Email: [email protected] companies Website www.xange.fr Contact Email [email protected] Contact Phone n/a INVESTOR BOOK 82

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Activant Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Greenwich, Connecticut Activant is a growth equity firm that invests globally in commerce infrastructure and IoT technology companies. Our team of investors, entrepreneurs, and operators bring their expertise to a concentrated portfolio. By developing a deep understanding of our target sectors, we are able to identify and invest in companies with breakout potential before they reach an inflection point. We utilize a deep ecosystem of software buyers and provide Active Markets Global extensive operational support to create a distinctive growth platform for our portfolio companies. Founded 2010 Employees 8 (of which 1 in Europe) Current Fund Size $130m SELECTED PORTFOLIO COMPANIES Use of Debt No NewStore is a mobile-first commerce platform that enables retailers to have omni-channel capabilities. With offices in Berlin, NewStore was founded by Stephan Schambach who previously founded Demandware (acquired by AUM $246m Salesforce for $2.8 billion) and Intershop (publicly traded) Turvo is a project management software platform for the logistics market. Turvo provides global supply chain Target Investment Size $10m – $40m visibility to shippers, brokers and carriers through its platform Target Geographies Global Indigo is an ag-tech platform that partners with growers through a revenue-share model to significantly increase crop yields, improve farmer profitability, and align agricultural practices with consumer demand Target Sectors CommerceInfrastructure, IoT Full Portfolio • www.activantcapital.com/ Investment Style Active KEY CONTACTS Deal Structures Minority, Equity Steve Sarracino Key Investment Criteria Growth Founding Partner Email: [email protected] Website www.activantcapital.com Andrew Steele Contact Email [email protected] Investment Team (Europe) Email: [email protected] Contact Phone n/a INVESTOR BOOK 84

BlackFin Capital Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Paris, Brussels, Frankfurt As the VC arm of BlackFin Capital Partners, BlackFin Tech invests solely in fintechs, insurtechs and regtechs having reached series A & B maturity across Europe. Weleverage our pan-European networks and expertise across all subsegments (payments, banking, insurance, regulatory compliance, ECM/DCM)to support entrepreneurs in becoming European champions. Active Markets European Economic Area We aim to become the go-to platform for fintech, insurtech & regtech entrepreneurs as we provide solid regulatory knowledge across national Founded 2010 jurisdictions, superior understanding of value chains as well as access to C-level decision-makers at large financial institutions. You have come to the right place if you’re looking to take the long journey in transforming the financial services industry! Employees 25 (all of which in Europe) Looking forward to hearing from you, TheBlackFin Tech Team Current Fund Size € 150m+ SELECTED PORTFOLIO COMPANIES Use of Debt No Friss is a Dutch insurtech providing tools leveraging AI for fraud investigators at insurance companies to be better AUM equipped to detect fraud as well as to better assess risk and adapt quotes accordingly during the underwriting process. € 700m+ NewAccess is a provider of front-office and middle-office software for Swiss and international private banks. Its software Target Investment Size €1m - €10m offering is made of Equalizer (Portfolio Management System), Branch (Customer Data Management) and Logical Access (Confidential Document Management). These products are adapted to meet the specific needs of the private banking industry. Target Geographies European Economic Area Finanzen.de is the leading real-time marketplace for financial leads in Europe, with operations in Germany, France, Switzerland and the UK. Target Sectors Fintech, Insurtech & Regtech Full Portfolio • https://blackfin-tech.com/portfolio Investment Style Active • http://www.blackfincp.com/portfolio KEY CONTACTS Deal Structures Influential minority Julien Creuzé [Photo] Maxime Mandin Team with knowledge of financial Senior Investment Director Investment Director Key Investment Criteria services, looking to become EU/world Previously VC at Aster Capital & entrepreneur at champions Agoranov Previously VC at Seventure Website www.blackfin-tech.com Romain Grimal [Photo] Gabrielle Thomas Contact Email [email protected] Investment Manager Associate Previously VC at Siparex/XAnge Previously VC at XAnge & M&A at Invest Corporate Finance Contact Phone +33 1 83 79 17 14 INVESTOR BOOK 85

Burda Principal Investments KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Munich, London, Singapore Burda Principal Investments (BPI), a division of Hubert Burda Media, provides long term growth equity for fast growing digital technology and media companies. Hubert Burda Media is one of Europe’s largest media and technology conglomerates with a strong investment track record in internet- Europe including Germany, UK, Nordics centric businesses since 1998. Active Markets and France; USA; South East Asia Wehave been partners for visionary entrepreneurs, leveraging Burda’s capital, brands and sector expertise, particularly in the areas of business Founded 2015 expansion, internationalisation and localisation. BPI is invested in a portfolio of highly successful consumer internet companies in Europe, the U.S. and Asia. In the past, Hubert Burda Media has Employees 4 - 10 (of which 6 in Europe) invested in internet platforms such as Etsy, zooplus, HolidayCheck, or Xing AG. BPIis run by a dedicated team of investment professionals based in Munich, London and Singapore. Current Fund Size n/a SELECTED PORTFOLIO COMPANIES Use of Debt No International market place for second hand fashion AUM n/a Target Investment Size €5 - €25m Online fresh flower delivery company through letterboxes in the UK Target Geographies Europe including Germany, UK, Nordics Digital network for neighborhoods and France; USA; South East Asia Target Sectors E-Commerce, Marketplace, Media, Travel & Transportation, Health Full Portfolio • www.burdaprincipalinvestments.com/investments/ Investment Style Active KEY CONTACTS Deal Structures Minority Martin Weiss Christian Teichmann Key Investment Criteria Proven business model, scalability, right CEO&Managing Director Managing Director vertical and team Website www.burdaprincipalinvestments.com Benita Krahforst Thomas Kulcsar Contact Email [email protected] Investment Manager Investment Manager [email protected] [email protected] Contact Phone n/a INVESTOR BOOK 86

Frog Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London Frog Capital is a leading scale-up VC, specialising in later Series A and Series B rounds, for software focused businesses across Europe. Frog is a committed long-term partner, investing in ambitious companies with revenues up to €30m and requiring up to €20m of growth capital. As ‘The CEO’s VC’, Frog Capital has a team of both experienced investors and former entrepreneurs who understand the challenges and needs Active Markets Europe facing CEOs as they grow the business. By applying our developed ‘Scale-Up Methodology’ – informed from industry knowledge, entrepreneur understanding, operating expertise and an extensive relationship network – Frog actively supports exceptional company growth and builds significant shareholder value. Founded 2008 Frog’s experienced team has invested in over 100 companies, and in the last six years has exited companies with a total transaction value over €1 billion. Employees 13 (all in London) For further information, please visit www.frogcapital.com. Current Fund Size €90m SELECTED PORTFOLIO COMPANIES Use of Debt No Germany’s No. 1 online real estate agent AUM €180m Target Investment Size €5m - €20m Leading European digital money transfer service provider Target Geographies Europe Digital market leader in the €1bn after school tutoring market in Germany Target Sectors Software enabled technology across multiple sectors Investment Style Active KEY CONTACTS Deal Structures Minority • Mike Reid • Jens Düing Key Investment Criteria Generating €3m-€30m of revenue • Managing Partner • Partner Website www.frogcapital.com • Shirin Dehghan • Conor Scanlan Contact Email [email protected] • Partner • Investor Contact Phone +44 20 7833 0555 INVESTOR BOOK 87

General Atlantic KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices New York, Munich, London General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General (+10 other offices globally) Atlantic combines collaborative global approach, sector-specific expertise, long-term investment horizon, and deep understanding of growth drivers and partners with great management to build exceptional businesses worldwide. Active Markets Global The three main differentiators are (i) the exclusive focus on growth investing, (ii) a patient capital base and (iii) a global, collaborative team con- Founded 1980 sisting of investment professionals, our Resources Group and a Special Advisors network of current and former senior executives. While most of our investments are minorities, General Atlantic is an active investor that steadily adds value by leveraging our global resources, helping our companies with growth acceleration, performance improvement, global access, human capital and capital markets topics. Employees 100 – 1,000 (of which 30 in Europe) Current Fund Size > $13bn SELECTED PORTFOLIO COMPANIES Use of Debt Selectively Leading consumer internet portfolio in the segments of price comparison, experience gift vouchers, matchmaking, beauty and well-being in Germany that is a carve-out of ProSiebenSat.1, one of the largest European TV AUM > $24bn conglomerates … Tech-enabled mobility provider in Germany, offering travelers a comprehensive range of bus routes across the EU Target Investment Size $25m - $500m and the U.S. through its online platform Target Geographies Global Adyen is a technology company that provides businesses with a single solution to accept payments anywhere in the world and delivers frictionless payments across online, mobile, and in-store Target Sectors Technology, Technology-enabled services Full Portfolio • www.generalatlantic.com/portfolio Investment Style Active KEY CONTACTS Deal Structures Flexible Joern Nikolay • Joined General Atlantic in 2008 Market position, management, market Managing Director, Head of DACH • Previously at TA Associates, Bain & Company and Morgan Stanley Key Investment Criteria dynamics, competitive advantage with • Board Memberships: Axel Springer Digital Classifieds (previous), FlixBus, intellectual property, barriers to entry Email: [email protected] KäuferPortal, Hemnet (previous), ControlExpert, NuCom Group Website www.generalatlantic.com Christian Figge • Joined General Atlantic in 2012 Contact Email [email protected] Principal • Previously at BC Partners and L.E.K. Consulting Email: [email protected] • Board Memberships: Käuferportal, Flixbus, NuCom Group Contact Phone +49 89 558 932 710 INVESTOR BOOK 88

GPI Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London, New York GPI Capital is a growth-oriented private-equity firm dedicated to non-controlling investments. GPI leads equity and equity-like financings, typically investing US$50 million to $300 million for stakes of up to 20% in privately-held late-stage businesses or through negotiated investments in listed companies. GPI’s investment team has extensive experience structuring equity capital solutions in Western Europe, North America, China, SEA, and Active Markets North America, SEA focuses on the consumer, technology and industrials sectors. The firm is partner-owned and operated with offices in London and New York. Founded 2016 Our mission is to be the minority partner of choice to high quality businesses, serving as a management and strategy-supportive, core, stable, long- term partner. We engage closely at a strategic level with the companies in which we invest, while ensuring our partners have the operating and strategic freedom to execute on their vision. Employees 10-20 Current Fund Size N/A SELECTED PORTFOLIO COMPANIES Use of Debt No [ Logo ] Social Finance (“SoFi”) is an online personal finance company that provides student loan refinancing, mortgages and personal loans AUM N/A Zeta Global is customer lifecycle management marketing company helping Fortune 1000 brands and large middle- market companies create, maintain and monetize customers, using “people-based, precision marketing” to provide Target Investment Size $50m - $300m customers with enhanced multi-channel marketing solutions to help them manage the full customer life-cycle Grab is a Singapore-based technology company that offers ride-hailing, ride sharing and logistics services through Target Geographies Western Europe, North America, its app in Singapore and neighbouring Southeast Asian nations such as Malaysia, Indonesia, Philippines, Vietnam, China, SEA Thailand, Myanmar, and Cambodia Target Sectors Consumer, Technology, Industrials KEY CONTACTS Investment Style Strategy and management-supportive Alex Migon Partner • Partner of GPI Capital and a member of the Investment Committee Deal Structures Structured minority equity • Previously Portfolio Manager at Ontario Teachers Pension Plan (“OTTP”) [email protected] Backing late stage growth businesses Francois Poulin Key Investment Criteria offering innovative products in sizeable • Partner of GPI Capital and a member of the Investment Committee addressable markets Partner • Previously Partner and Portfolio Manager at BTG Pactual Website www.gpicap.com [email protected] Pavel Prokofiev Investment Professional • Joined GPI Capital in 2014, from Capital Group Contact Email [email protected] • Previously at KPMG [email protected] Contact Phone +44 (0) 203 198 1645 (Francois Poulin) INVESTOR BOOK 89

LetterOne Technology KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London L1 Technology looks for investment opportunities within the global technology space with a strong focus on the software and data sectors. We seek to invest in technology businesses which can be leveraged as platforms to expand internationally, through acquisitions or broadening the product set Our permanent capital and long term operational focus, provides L1 Technology with the ability to underwrite hold periods longer than a typical private Active Markets Europe, Israel, Emerging Markets equity fund. In addition, we have the flexibility to own majority control positions or large minority stakes. We have appointed an Advisory Board of internationally renowned Industry leaders and specialists. They are deeply involved in supporting the investment team. L1 Technology’s Advisory Board includes Nadeem Syed (CEO of Finastra and former group VP at Oracle), Jos White (Founder of Founded 2015 MessageLabs), Brent Hoberman (Founder of Lastminute.com and Made.com), Osama Bedier (former Vice President of Payments at Google and head of Google Wallet, current Founder/CEO of Poynt), and Denis O’Brien (Founder of Digicel and ESAT Telecom Group). Employees 10-20 Based in London, L1 Technology has recruited a strong team of deal professionals from Blackstone, Summit Partners, Morgan Stanley and McKinsey Current Fund Size Permanent capital; part of $24bn SELECTED PORTFOLIO COMPANIES investment group Use of Debt Depending on investment profile With+235m subscribers, Veon is #8 largest telecom operator globally. Veon operates across 12 markets (key markets: Italy, Russia, Pakistan, Bangladesh, Ukraine and CIS). Veon is headquarted in Amsterdam and listed on Nasdaq and Amsterdam stock exchanges AUM ~$5bn Largest converged telecom operator in Turkey with 50m subscribers. Withits extensive digital app portfolio, Turkcell leads digital revolution in the telecom sector globally. Turkcell is listed on Istanbul and New York stock exchanges Target Investment Size > $100m per investment $200m investment. L1T strategic partner for Russia Target Geographies Europe, Israel, Emerging Markets Telco Billing & CRM system, strategic partnership with Ericsson, Helsinki headquartered Target Sectors Software, B2B data, marketplaces, Data based MVNO, freemium model, California headquartered telecom Investment Style Active KEY CONTACTS Deal Structures Control, joint control, large minority Leif Lindback Platforms with international expansion [Photo] Senior Partner • Head of New Investments team Key Investment Criteria potential • Previous experience: Partner at Charterhouse, Blackstone, Morgan Stanley Email: [email protected] Website www.letterone.com/our-businesses/l1- technology Nicolas Slim [Photo] Partner • Previous experience: Summit Partners, Goldman Sachs Contact Email [email protected] Email: [email protected] Contact Phone +44 20 7046 6150 INVESTOR BOOK 90

Scottish Equity Partners (SEP) KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London, Glasgow, Edinburgh Scottish Equity Partners (SEP) backs growth-stage technology businesses across Europe. The company has €1 billion under management and one of the longest and strongest track records in Europe having invested in over 150 technology companies over the last 20 years. The SEP team makes growth equity investments across a range of sectors, with a particular interest in software, internet and tech-enabled service businesses. Active Markets Europe SEP builds value by playing an active and supportive role in the growth and development of portfolio companies. Global travel search business Founded 2000 Skyscanner is one of four SEP investments to have secured an exit of over $1bn in recent years and its current portfolio contains some of Europe’s most exciting and innovative companies including luxury fashion retailer Matchesfashion.com, scientific informatics software provider Dotmatics, cloud contact centre software provider Content Guru, language learning business Babbel, online eyewear retailer Mister Spex and insurance software Employees 45 (of which all in Europe) specialist SSP. Current Fund Size €300m SELECTED PORTFOLIO COMPANIES Use of Debt No More than 1 million customers use Babbel for online language learning and its products cover 8,500 hours of AUM content in 14 languages. Babbel has a team of more than 400 people in Berlin and New York. €1bn Content Guru provides cloud-based contact centre software to large enterprise customers across a diverse range Target Investment Size €10m - €30m of sectors. The business is focussed on international expansion, especially in Asia Pacific having recently signed a large partnership deal with the Japanese technology conglomerate Rakuten. Target Geographies UK, Ireland, Europe Founded in 2005, Dotmatics’ cloud-based informatics software is used by scientific researchers within large pharmaceutical and biotech companies. More than 50% of revenue is generated in the US with ambitious expansion plans in Europe and Asia. Target Sectors Software, internet and tech-enabled services Full Portfolio • www.sep.co.uk/companies/ Investment Style Active Minority positions in B rounds and later will KEY CONTACTS Deal Structures consider Secondary alongside Primary Investment Stuart Paterson • Afounding Partner of SEP, Stuart has been investing in technology Partner companies for over 20 years. He focuses on investment opportunities in Key Investment Criteria Equity for growth stage technology software, internet and digital media. companies (>€10m run-rate revenue) Email: [email protected] • Companies: Babbel, Mister Spex, Peppermint Technology, SportPursuit Website www.sep.co.uk Tim Ankers • Tim focuses on investments in software and consumer internet businesses. Contact Email [email protected] Associate • Companies: Content Guru, Babbel, Mister Spex, Lovecrafts Email: [email protected] Contact Phone +44 207 758 5900 INVESTOR BOOK 91

Summit Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London, Boston (HQ), Menlo Park Summit Partners is a leading global growth equity firm. They work with owners and management teams to maximize the long-term value of their companies. Since their inception in 1984, Summit has raised over $21bn of capital on behalf of a prestigious group of institutional investors. They have invested in more than 460 companies in technology, healthcare and other growth sectors. These companies have completed more than 150 Active Markets Global public offerings, and in excess of 180 have been acquired through strategic mergers and sales. Summit opened its European office in 2001 and has since invested more than €2bn in capital across 12 European countries. Founded 1984 Recentnews worth highlighting: Avast, a Summit portfolio company, recently completed a $5bn IPO on the London Stock Exchange, representing the largest ever software IPO in European history. Summit was the first institutional investor into Avast and helped grow the company from $29 million in Employees 85 (of which 18 in Europe) revenue and $21 million in EBITDA in CY2009, the first full year before Summit invested, to $780 million in revenue and $451 million in EBITDA for CY2017. Current Fund Size €700m in Europe ($9.5bn globally) SELECTED PORTFOLIO COMPANIES Use of Debt In certain situations Provider of cyber security technology. Darktrace’s solution represents a new class of cyber defense software that helps large enterprises and governments detect advanced threats and anomalous behavior within their networks. AUM $21bn Target Investment Size $10m - $150m Provider of enterprise SaaS process and decision management systems Target Geographies Global Provider of enterprise SaaS marketing information systems Target Sectors Technology, Internet, Enterprise Software, Mobile, Telecommunications Full Portfolio • www.summitpartners.com/companies Investment Style Active (with on demand operational resources) KEY CONTACTS Deal Structures Flexible • Steffan first joined Summit Partners as an Associate in 2007. Today, he Steffan Peyer focuses on the technology sector in Europe Key Investment Criteria Growth and capital efficiency Investment Professional • Prior to rejoining Summit in 2013, Steffan was a member of the management team of Turbulenz Limited. Before that, he worked for UBS Investment Bank Website www.summitpartners.com • Shaun focuses primarily on the technology sector in Europe Shaun Dunlop • Prior to Summit, Shaun worked for Goldman Sachs in London, where he was Contact Email [email protected] Investment Professional a member of the TMT & Industrials M&A team and subsequently the Fundamental Strategies Group, covering TMT on the proprietary trading desk Contact Phone +44 2076597528 INVESTOR BOOK 92

Top Tier Capital Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices San Francisco, California Top Tier Capital Partners is a San Francisco based registered investment adviser building customized venture capital portfolios. With $7.3 billion capital commitments, Top Tier offers funds and customized solutions by investing in primary and secondary investments in venture capital and growth equity funds and co-investments in select portfolio companies. Active Markets Global Top Tier’s value-add lies in the experience, deep networks, industry insights and superior client service accumulated over two decades in Silicon Valley. When selecting managers, Top Tier uses both quantitative and qualitative data, including their proprietary database (The Mine), which holds extensive data regarding market dynamics for potential exits. Using this balanced approach to due diligence and access, the team seeks to create Founded 1999 diverse portfolios that are built to spot emerging trends early and to deliver optimal venture returns. Employees 25-35 Current Fund Size SELECTED PORTFOLIO COMPANIES Use of Debt No Zuora is an enterprise software company that designs and sells SaaS applications for companies with a subscription business model. Zuora's applications are designed to automate billing, commerce, and finance operations. AUM $7.6b capital committed Smartsheet is a collaborative, cloud‐based project management and workflow tool which utilizes a grid‐like interface Target Investment that resembles Excel. The software platform is used by individuals and companies of all sizes to manage projects and Size $5m - $25m get work done from any device or browser. The online application combines the ease of use of a spreadsheet with collaborative file sharing and discussions, visual timeline management and automated workflow capabilities. Carbon Black provides a complete solution against advanced threats that target organizations’ endpoints and servers, Target Geographies Global making it easier to see and stop those threats. Carbon Black enables organizations to arm their endpoints by combining continuous, real-time visibility into what’s happening on every computer; real-time signature-less threat Target Sectors Technology and Healthcare detection; incident response that combines a recorded history with live remediation; and prevention that is proactive and customizable. Investment Style Full Portfolio www.ttcp.com/#portfolio KEY CONTACTS Deal Structures Flexible • Jessica is a Managing Director and member of the Investment Committee at Jessica Archibald Top Tier Capital Partners. She is dedicated to the fund Investment Team and Key Investment Thoughtful venture capitalists and passionate currently leads the capital formation efforts for the Firm. She was the driving Criteria entrepreneurs looking to evolve the European Managing Director force behind establishing the Investment Team’s database, The Mine. It was ecosystem with a global partner Jessica’s analytical vision to leverage data to enhance the risk-adjusted Email: [email protected] returns for Top Tier’s investors. Her focus on data has helped the Investment Website www.ttcp.com Teambalancethe promisefrontier technologies offer with the financial returns LPs desire/. Contact Email [email protected] Contact Phone +1 415 835 7500 INVESTOR BOOK 93

Vitruvian Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London, Munich, Stockholm, Vitruvian is an independent private equity firm specialising in growth capital investments, growth buyouts and middle-market buyouts in San Francisco, Luxembourg Europe. Thefirm focuses on investing in ‘dynamic situations’ – fast growing businesses in industries characterised by growth and change such as digital, software, media, telecoms, healthcare, financial services, business services and leisure. Active Markets Europe & US Vitruvian is currently investing its third fund of €2.4 billion, one of the largest pool of capital supporting higher growth companies in Europe. It has Founded 2007 offices in London, Munich, Stockholm, San Francisco and Luxembourg Employees 51-100 (of which over 50 in Europe) Current Fund Size €2.4bn SELECTED PORTFOLIO COMPANIES Use of Debt Yes [ Logo ] World’s leading online and mobile marketplace for takeaway food. Proprietary technology benefiting over 21 million AUM users and over 80,000 takeaway restaurants. Listed on the LSE since 2014 €5bn Target Investment Size €30m - €250m Online marketplace platform enabling high end fashion boutiques to sell branded luxury apparel and accessories to consumers in more than 150 countries Target Geographies Europe & US Germany's largest independent consumer loan portal originating c. €1.5bn in loans in 2017 Technology & Internet, Life Science & Target Sectors Healthcare, Travel & Transportation, Financial Services, Business Services Full Portfolio www.vitruvianpartners.com/investments Investment Style Active KEY CONTACTS Deal Structures Majority, Minority, Flexible Torsten Winkler • At Vitruvian since 2009, responsible for the firm’s activities in DACH and focused on Technology and Life Partner Sciences & Healthcare sectors • Companies include Smava, Technogroup, Verastar and Linimed Key Investment Criteria Strong growth supported by sustainable business model Thomas Studd • At Vitruvian since 2009, focused on the Media and Technology, Telecoms & Internet sectors Partner • Companies include Just Eat, Farfetch, Ebury, Trustpilot, Vestiaire Collective and Carwow Website www.vitruvianpartners.com Fabian Wasmus • At Vitruvian since 2017, heading Vitruvian’s German office in Munich Managing Director • Companies include Technogroup Contact Email [email protected] Michael Mitterlehner • At Vitruvian since 2014, focused on Internet and Software across verticals as well as Business Services Vice President • Companies include Smava, Bitdefender, Snaplogic, Unifaun, Farfetch, Just Eat, Solvinity Contact Phone +44 20 7518 2883 INVESTOR BOOK 94

Buyout 95

Ardian KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Paris, London, Frankfurt, Milan, Madrid, Ardian, founded in 1996 and led by Dominique Senequier, is an independent private investment company with assets of US$62bn managed or Offices Zurich, New York, San Francisco, Beijing, advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and Singapore, Jersey and Luxembourg delivers investment performance to its global investors while fuelling growth in economies across the world. Ardian’s investment process embodies Active Markets Global three values: excellence, loyalty and entrepreneurship. Founded 1996 Employees >490 Current Fund Size Direct Fund: $16bn SELECTED PORTFOLIO COMPANIES Use of Debt Yes T2O media is a Digital Media Agency founded in 2004, that designs and manages marketing and communication strategies with a results orientated approach (Paid, Owned, Earned Media, relying always on Technology). AUM $67bn Sarbacane Software was founded in 2001 and has established itself over the past 15 years as a leader in email and Target Investment Size n/a digital marketing in France and Europe. Founded in 1985 by French architects, Abvent is a group currently based in Paris, the leader in software and Target Geographies Global services for architects and construction professionals (ARCHICAD, ClimaBIM, Rhino 3D, BIMoffice), and a key player in the imaging segment (Twinmotion, Artlantis, iVIsit360, RenderIn). Target Sectors Consumer Goods & Services, Energy, Business Services and TMT Full Portfolio • www.ardian.com/en/companies-list Investment Style Active KEY CONTACTS Deal Structures Control Yannic Metzger • Yannic Metzger joined Ardian in Frankfurt in 2015 as an Analyst within the Investment Manager Expansion team. Previously, he worked in the private equity practice of Key Investment Criteria n/a Deutsche Beteiligungs AG and in Commerzbank’s leveraged finance Email: [email protected] department. Website www.ardian.com Contact Email [email protected] Contact Phone +1 212 641 8604 INVESTOR BOOK 96

Bain Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices 14 offices worldwide Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms that creates lasting impact for investors, teams, businesses, and communities. Since the founding in 1984, Bain Capital has applied their insight and experience to organically expand into several asset classes including private equity, credit, public equity and venture capital. Bain Capital leverages its shared platform to capture cross-asset class Active Markets Global opportunities in strategic areas of focus. With offices on four continents, the global team aligns Bain Capital’s interests with those of the investors for lasting impact. Founded 1984 Employees >900 Current Fund Size > $75bn SELECTED PORTFOLIO COMPANIES Use of Debt Yes SurveyMonkey is the world’s leading online survey platfrom AUM > $75bn Target Investment Size n/a DocuSign is the global standard for Digital Transaction Management (DTM) Target Geographies Global Flywire is a leading provider of international payment solutions, connecting their clients with other businesses and consumers on six continents Target Sectors Across sectors Full Portfolio • www.baincapitalventures.com/portfolio/ Investment Style n/a KEY CONTACTS Deal Structures n/a Tobias Weidner • Previously: Wittur Board Director, Minxli Board Director Key Investment Criteria n/a Principal Website www.baincapital.com Contact Email n/a Contact Phone n/a INVESTOR BOOK 97

Capvis Equity Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Baar, Frankfurt, Shanghai Capvis Equity Partners AG is the exclusive advisor to the Capvis Funds and is domiciled in Baar, Switzerland, with a subsidiary in Frankfurt and a representative office in Shanghai. The team is supported by a broad network of industry sector specialists. The primary point of contact for companies, investors, management and the public is Capvis Equity Partners AG. Active Markets Switzerland, Germany and Austria The Management Team of Capvis Equity Partners AG looks back on a success story of over 15 years. The team established the Capvis I Fund in Founded 1990 1999 and founded the management company Capvis Equity Partners AG. Capvis is the successor organization of SBC Equity Partners. From 1995 until the merger of UBS and Swiss Bank Corporation SBC in 1998, SBC Equity Partners was the Private Equity investment division of Swiss Bank Corporation. Before 1995, the investments were made by the equity banking division of Swiss Bank Corporation. Employees 11 - 50 Capvis has been fully independent since 2003. The Capvis Management team has been working together for many years and looks back on a track record that spans over two decades. Since 1990,Capvis has concluded 52 transactions with a total volume of more that EUR 5 billion. Current Fund Size €720m SELECTED PORTFOLIO COMPANIES Use of Debt Yes arena is one of the world’s reference brands in aquatic sports. For over 40 years, arena has equipped the world’s Olympic gold medallists and watersport lovers with racing, training and leisure swimwear built on a foundation of AUM €1.9bn technology and innovation. (Fund Capvis III) Target Investment Size €50m - €500m VAT Holding AG is the global market leader in the development, manufacture and sale of vacuum valves for the semiconductor and vacuum coating industries. (Fund Capvis IV) Target Geographies Switzerland, Germany and Austria RENA is a global leading supplier of production equipment for wet chemical surface treatment. RENA products are used in the areas of application Renewable Energy, Medical and Electronics. (Fund Capvis IV) Service/Trading, Engineering, Consumer Target Sectors Goods, Industrial Goods, Electronics, Automotive Supplier, Chemicals Full Portfolio • www.capvis.ch/en/capvis-funds/structure-capvis-funds-overview.html Investment Style Active KEY CONTACTS Deal Structures Majority, Minority Jens Abend • Jens has been working with Capvis since 2016. Jens was previously CEO of Market Advisor LR-Health & Beauty Systems GmbH, Ahlen and spent over 15 years at Key Investment Criteria Dynamic entrepreneurialism focused on McKinsey & Company. Inc. Jens was a member of the board at Fielmann AG. achieving ambitious targets Email: [email protected] Jens holds a Dr. rer. pol., from the University of Augsburg. Website www.capvis.ch Contact Email n/a Contact Phone +44 1534780789 INVESTOR BOOK 98

EQT Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices In 14 countries over three continents EQT seeks high-quality, market-leading, medium-sized to large companies in Northern and Central Europe with significant value-creation opportunities. Targeted companies should have the potential for value creation by investing in growth, in performance improvement, and e.g. active participation in industry consolidation through add-on acquisitions. The typical equity investment opportunity ranges between EUR 50 million and EUR Active Markets Europe, Asia, US 600million. Founded EQT Partners AB 1994 SELECTED PORTFOLIO COMPANIES Employees In total: ~540 • Largest Secure SD-WAN Provider in Europe which unites network operations, data analytics, and security operations as a service Current Fund Size EQT VIII: EUR 10.75bn, raised in 2018 • Market leading provider of live sports information and services, operating at the interface between sports and EQT MM Europe: EUR 1.6bn, raised 2017 entertainment Use of Debt Yes • Global leading provider of customer experience mgmt., digital marketing and e-commerce software enabling customers to drive performance via personalized content, increasingly facilitated by machine learning / artificial intelligence AUM ~ EUR 49bn capital raised in 26 funds Mid – to Large-Cap companies, Equity • Leading global hotel B2B wholesale platform Target Investment Size investments will typically range between EUR 50 – 600 million • Music-tech company offering high-quality music, primarily targeting video content production clients, in-store music and streaming platforms Target Geographies Europe • Germany’s largest online retailer for automotive spare parts & accessories Software, IT Services, Data Monetization, Target Sectors Fiber, FinTech, Classifieds / Market Full Portfolio • www.eqt.se/Portfolio-Companies/Current-Portfolio/ Places Investment Style Buyout Investments KEY CONTACTS Deal Structures Control, joint control • Dominik Stein • Florian Funk • Partner, Head of TMT Sector • Partner, Head EQT Mid Market DACH & BeNeLux Key Investment Criteria Growth opportunities, leading market • Joined EQT in September 2006 • Joined EQT in May 2008 position, performance improv. potential • Email: [email protected] • Email: [email protected] Website www.eqt.se • Jens Zuber • Hajo Krösche • Director, Deputy Head of TMT Sector • Director • Joined EQT in April 2011 • Joined EQT in August 2013 Contact Email [email protected] • Email: [email protected] • Email: [email protected] Contact Phone +46850655300 INVESTOR BOOK 99

FSN Capital Partners KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Oslo, Copenhagen, Stockholm, Munich FSN Capital is a leading Nordic private equity investment company focused on the middle-market segment. Originally established in 2000, FSN Capital seeks to make control investments in Nordic companies with significant potential to become international leaders. Active Markets Nordics Founded 2000 Employees 30 - 40 (of which all in Europe) Current Fund Size €1bn SELECTED PORTFOLIO COMPANIES Use of Debt Yes Mørenot Group consists of companies with leading positions in the international market as suppliers to customers in fisheries, aquaculture and marine seismic AUM €2.1bn Target Investment Size n/a Gram Equipment is a global market leader within advanced ice cream processing equipment Target Geographies Nordics Holmbergs Safety System is a leading global supplier of mission critical safety systems to the child safety seat industry Target Sectors Industrial, Business Services, Consumer & Retail, Healthcare & Education and TMT Full Portfolio • www.fsncapital.com/index.php/investments Investment Style Active KEY CONTACTS Deal Structures n/a Justin Kent • Justin joined FSN Capital in 2018. Prior to joining FSN, Justin spent nearly four years at Capvis Equity Partners, where he was responsible for Key Investment Criteria n/a Partner investments in the Consumer sector. Before that, Justin spent nearly eight years at The Riverside Company, focusing on investments throughout Email: [email protected] Europe. Website www.fsncapital.com Contact Email [email protected] Contact Phone +45 33134800 INVESTOR BOOK 100

GENUI KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Hamburg GENUI is a private investment firm established by a group of exceptional entrepreneurs and investment professionals. What sets GENUI apart is a unique combination of entrepreneurial ability, a strong network, and expertise in processes and governance. The GENUI entrepreneurs have built up larger businesses successfully and have also added value to enterprises by taking active ownership roles as non-executive board members when Active Markets Austria, Germany, Switzerland making substantial investments in the respective companies. Founded 2014 Employees 4-10 (of which all in Europe) Current Fund Size €407m Use of Debt No SELECTED PORTFOLIO COMPANIES AUM n/a Leading food manufacturer for premium mass customised muesli in Germany Target Investment Size €15m - €75m Leading German market online boutique for luxury and premium handbags and related accessories Target Geographies Austria, Germany, Switzerland Fast growing B2B e-commerce player Retail, E-Commerce Technology, Media, Target Sectors Health, Marketing, Analytics, Digital Services, Software Investment Style Active KEY CONTACTS Deal Structures Majority, Minority, Joint Control, Control Sumeet Gulati Partner • Previously: Partner at EQT Partners, Angermann & Partner Consulting Key Investment Criteria Strong management, profitable growth- Email: [email protected] oriented business, established business Patrick Gehlen Partner • Previously: Investment Director at EQT Partners, Senior Banker at Deutsche Website www.genui.de Bank Email: [email protected] Contact Email [email protected] Oliver Serg Partner • Previously: Investment Director at EQT Partners, CFC Industriebeteiligungen Contact Phone +49 40 32086690 Email: [email protected] (small/mid cap special situations fund) INVESTOR BOOK 101

Maryland KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Hamburg Maryland GmbH is the direct investment division of Mayfair SE, the private family office of Günter and Daniela Herz, former owners of the Tchibo Group. Maryland aims to establish a portfolio of long-term direct investments. The focus is on companies with a strong business model and long-term growth prospects preferably in branded consumer & retail, online/digital media, or the services sector. Transaction structures may Active Markets Global range from minority to majority holdings, private or public companies, typically on an all-equity basis. Founded 2004 Employees 7 Current Fund Size N/A Use of Debt Yes SELECTED PORTFOLIO COMPANIES Global leader in Testing, Inspection & Certification (ship classification, oil & gas, energy and business AUM N/A assurance/ISO certification) #3 global TIC services company, €2.5bn revenues, 13,500 employees Target Investment Size €50m - €1bn Innovative, Italian fast-casual restaurant concept 180 restaurants in 32 countries worldwide (€0.5bn system-wide revenues) Target Geographies Europe, Americas Mayfair acquired 44% holding in 2011 Support for global roll-out of the business Target Sectors Digital, Media, Consumer, #3 global sporting goods brand leading in the sport lifestyle segment Business Services Mayfair acquired 27% holding in 2005; sold to PPR in 2007 Investment Style N/A Deal Structures control, joint control, minority, etc. KEY CONTACTS long-term growth prospects Hinrich Stahl • Responsible for Mayfair’s direct investments since 2004 unique assets [Photo] Key Investment Criteria global business model Managing Director • Previously Apax Partners and McKinsey & Co. low capital intensity Email: [email protected] • MBA INSEAD (Fontainebleau) strong management team Website N/A [Photo] Helge Lützen • Joined Maryland in 2008 Contact Email [email protected] Director • Previously Citigroup Global Markets Email: [email protected] • EBS Oestrich-Winkel Contact Phone N/A INVESTOR BOOK 102

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Davidson Technology Growth Debt KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices Berlin Growth Debt facility of 2 to 10m to companies with min 10m of annual revenues Active Markets Germany Founded 2015 Employees 4 - 10 (of which all in Europe) Current Fund Size €100m SELECTED PORTFOLIO COMPANIES Use of Debt Yes Tausendkind operates as an e-commerce one-stop shop for infants up to the age of eight AUM €25m MONOQI is all about passion for design, bringing amazing products from great international designers to their Target Investment Size €2m - €10m exclusive members, every day Target Geographies Germany, Israel, Switzerland, UK SoundCloud is a social sound platform where anyone can create and share sounds Target Sectors E-Commerce Technology, Marketplaces, Media, Financial Services, B2B, Mobile Full Portfolio • www.davidson-capital.com Investment Style Active KEY CONTACTS Deal Structures Lead Eran Davidson • Raising and managing six Venture Capital funds since 1996, this is Eran’s Min. €10m annual revenues, loan facility Managing Partner fund #7m, first German Venture Debt fund and market leader, with already Key Investment Criteria should bring the company to break-even five por- tfolio companies in one year. Eran founded Hasso Plattner Ventures Email: [email protected] Germany, Europe and South Africa and was in charge of HP’s Family Office Website www.davidson-capital.com Contact Email [email protected] Contact Phone +49 30 2360767 INVESTOR BOOK 104

Harbert European Growth Capital KEY CORPORATE FACTS / KPIS INVESTOR DESCRIPTION Offices London Harbert European Growth Capital Fund (“HEGCF”) is an investment partner to high growth entrepreneurial businesses across Europe in the technology and life sciences sectors. Led by an experienced team with a 10+ track record of investing across Europe and over €120m in capital committed from institutional and private investors, HEGCF is one of the leading European debt funds in Europe with a strong USA and European Active Markets Europe network. Founded 2013 The fund is based in London and is corner sponsored by Harbert Management Corporation, a US headquartered independent investment firm, with $4.3bn in assets and committed capital under management as at 01 February 2015. The fund looks for investment opportunities in high growth businesses and has a growing portfolio of 28 companies. Key focus is on proven management teams in need of capital to fuel organic growth, Employees 4 - 10 (of which 9 in Europe) working capital requirements, acquisitions, equipment purchases, bridge loans and various forms of recapitalization. Current Fund Size €120m SELECTED PORTFOLIO COMPANIES Use of Debt Yes Gets videos seen, shared and loved across the open web for brands that want to move people, not just reach people AUM €120m Target Investment Size €2m - €30m Offers designer eyewear for men and women Target Geographies Pan-European UK-based online retailer of furniture and homewares Target Sectors Technology, Life Sciences Full Portfolio • www.harbert.net/investment-strategies/private-capital/european-growth-capital/ Investment Style Flexible KEY CONTACTS Deal Structures Venture Debt David Bateman Managing Director • Co-Founder and Co-Managing Partner of HEGC, David has been investing in Key Investment Criteria Growth Stage Business European growth stage businesses for over 10 years Email: [email protected] Website www.harbert.net Johan Kampe • Co-Founder and Co-Managing Partner of HEGC, Johan has been investing in Contact Email [email protected] Managing Director European growth stage businesses for over 10 years Email: [email protected] Contact Phone n/a INVESTOR BOOK 105

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