Tiger Global: 50 million euros for German start-up Flaschenpost
Münster — A Gleiss Lutz team has advised US financial investor Tiger Global Management LLC on a multi-million venture capital financing for German start-up Flaschenpost, in connection with the acquisition of a minority stake in Flaschenpost. The Münster-based company is receiving an investment of €50 million from Tiger Global, which will be used in the first step for national growth and in the next for international growth.
Bottle Post was founded in 2016: via the company’s website, customers can have drinks delivered within two hours. Flaschenpost operates in eight German regions and says it delivers up to 50,000 orders a week. Currently, around 1,700 drivers, warehouse staff and office employees work for the company. In addition to Tiger Global , other well-known venture capital funds have invested in Flaschenpost, including Cherry Ventures and Vorwerk Ventures.
Tiger Global was founded in New York City in 2001. The venture capital and private equity investor has one of its investment focuses in the area of e‑commerce. Gleiss Lutz has regularly advised Tiger Global on investments in Germany for many years, such as Hitmeister or Feintechnik Eisfeld (Harry’s).
Advisor Tiger Global: Gleiss Lutz
Lead partners Dr. Jan Balssen (Partner, Private Equity) and Dr. Ralf Morshäuser (Partner, Corporate/M&A, both Munich)
Dr. Olaf Hohlefelder (Munich), Dr. Hilmar Hütten (Düsseldorf), Florian Schorn, Stephanie Dausinger (both Munich, all Corporate/M&A), Dr. Iris Benedikt-Buckenleib (Counsel, Antitrust, Munich), Dr. Timo Bühler (Financing Law, Frankfurt), Dr. Steffen Krieger (Partner, Düsseldorf), Dr. Eva Heup (Munich), Josefine Chakrabarti (Berlin, all Labor Law), Dr. Christian Hamann (Partner, Berlin, Data Protection), Dr. Philipp Naab (Counsel, Frankfurt, Real Estate), Dr. Alexander Molle (Partner, Berlin), Dr. Manuel Klar (Munich), Dr. Matthias Schilde (Berlin, all IP/IT), Dr. Britta Kamp (Stuttgart, Litigation).