Berlin, 03.05.2021. Project A co-invests in Inwerk, the leading online provider of professional office furniture in Germany. The private equity co-investment is made in collaboration with the Triton Smaller Mid-Cap Fund advised by Triton, which acquired a majority stake in Inwerk earlier this year. Inwerk is an award winning designer of unique and innovative office furnishing solutions. Led by its two founders, the company is serving over 400,000 customers, including 75% of the Dax 30 members.
Ben Fischer, General Partner at Project A, states: “Inwerk is a true success story in a very dynamically changing market. Once the Covid-19 pandemic has passed, we will see a huge shift in how offices will be used, designed or restructured. Inwerk can make the difference here and Project A is very happy to support their journey with our operational team.”
Inwerk develops, manufactures and sells innovative design office furniture systems. The company has a product range of 10 million article variants, which it sells via its online store and two large office furniture exhibition locations. Inwerk specializes in designing custom-tailored office furniture with a proprietary planning service of its in-house team of interior designers.
The company has been recognized as a top innovator and has received numerous design and sustainability awards such as the iF gold design award 2021 for Inwerk’s Masterbox Kitchen. In the Open Innovation Lab “LAB-3”, completed in 2020, Inwerk researches and develops new systems for new work infrastructures and for home office furnishings.
About Inwerk Inwerk is one of the leading online providers of professional office furniture in Germany. Inwerk was founded in 2001 and has 105 employees in two offices. The company, headquartered in Meerbusch near Düsseldorf, is a pioneer in online multi-channel marketing and an award-winning designer of unique and innovative office furnishing solutions. The company has served over 400,000 customers with a comprehensive product and service offering including own design furniture and 3D office planning services. Inwerk’s most recent developments include completely new types of office furniture systems that have been proving themselves in practice in many companies since 2019 and provide the tools for flexible and transparent new work infrastructures, such as the multifunctional Masterbox® furniture system. In 2018, Inwerk also developed home office furniture that gives home offices the same ergonomic quality as classic office workplaces and meets the requirements of the German Occupational Health and Safety Act, which stipulates that health and safety requirements must be met. www.inwerk.de
About Triton Since its establishment in 1997, Triton has sponsored ten funds, focusing on businesses in the industrial, business services, consumer and health sectors. The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe. Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 48 companies currently in Triton’s portfolio have combined sales of around €17.7 billion and around 102,000 employees. For further information: www.triton-partners.com
About Project A Project A is one of the leading venture capital companies in Europe with offices in Berlin and London. In addition to $600 M in assets under management, Project A provides its portfolio companies with a wide range of operational support services. This includes more than 100 experts from key areas such as software engineering, business intelligence, marketing, recruiting, and many more. In 2020 Project A was named Germany’s best VC by Business Insider magazine. Project A was founded in 2012 and since then has supported more than 60 start-ups in 12 countries. The portfolio includes companies such as Catawiki, WorldRemit, Homeday, Spryker, sennder, KRY, Trade Republic, and Voi. www.project-a.com
Image (c) Inwerk