Vinted, a portfolio company of BurdaPrincipal Investments, the growth capital arm of Hubert Burda Media, announced a €128 million Series E funding round.
Hubert Burda Media is consolidating all of its mergers & acquisition-related activities in a central corporate unit. The newly created M&A department will be responsible for analyzing, evaluating and – where appropriate – realizing the full range of investment opportunities available to Burda. Comprising globally networked investment experts, the team will be led by Martin Weiss and report directly to Burda CEO Paul-Bernhard Kallen.
“We are centralizing our M&A activities so that we can respond quickly, decisively and efficiently to potential investments. I have charged Martin Weiss, a top specialist in this field, to form the dedicated team required. Our investment focus will remain on technology-driven global players with good prospects of growth in the consumer internet segment; and we are looking mainly in the United States, Western Europe and Asia. Burda is a dependable partner pursuing long-term investments in the digital market.”
Paul-Bernhard Kallen, CEO Hubert Burda Media
Martin Weiss previously was Executive Vice President Strategy and Corporate Development at international telecommunications and media company Millicom. Here, he was responsible for expanding and transforming the company’s digital activities in Latin America, the USA and Africa. He was previously a founder of and a partner at the management consulting company Solon and ran their London office from 2008 to 2013. His work focused on developing digital growth strategies for international media companies and supporting leading private equity companies in mergers & acquisitions.