Creathor Venture, one of the leading European Venture Capital firms, announces the exit of Danato GmbH, the popular German e-commerce market place for gifts, to Gruner + Jahr.
Danato (www.danato.com) was founded in 2011 by Jörg Überla and has been growing rapidly since. Supported by Creathor and the other investors KfW and GMPVC, Danato has become Germany’s No. 1 online gift player with more than 250,000 orders in total fulfilled and delivered to happy customers and gift recipients. The marketplace offers its customers gift ideas from a widerange of product categories. Users can receive targeted gift recommendations depending, for example, on the recipient’s age, gender, personal interests and the occasion.
“Realizing an attractive exit multiple for our investors in less than four years since initial investment is an excellent outcome for us. Danato showed an impressive growth over the past three years. We are delighted that Danato gets such a strong and experienced new partner. The combination of the two companies will further accelerate their growth and increase their service offerings for customers”, commented Cédric Köhler, Managing Partner at Creathor Venture.
Aljoscha Kaplan, Managing Director of GMPVC: “After having collaborated for almost two years in order to increase brand awareness and drive revenues for the company, the GMPVC team is very happy that the Danato success story will continue with Gruner + Jahr.”