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NAUTA CAPITAL LEADS A €3.5 MILLION ROUND IN THE GERMAN FIRM MYSPORTGROUP.
The venture capital firm Nauta Capital, through its third fund Nauta III, has led a €13.5 million round in the German e-commerce firm Mysportgroup. Nauta Capital has invested €3.5 million in the second financing round closed by the startup. It also have assisted the round the British group Boost debt fund with €5.5 million, Cipio Partners with €2 million, and the remaining €3 million from investors already present in the shareholding, as XAnge Private Equity and Grazia Equity funds and minority shareholders.
The company, with activity in Germany and Austria at this time, specializes in online sales of sporting goods and leisure, and bases its strategy on two platforms: on the one hand, Mysportbrands (online sales discounts), and secondly, Mysportworld (premium online store). The company has introduced in the first half of the year a €7.9 million turnover and expects to close this year with a €20 million turnover. The company is preparing an expansion plan that includes his landing in countries like Spain, France, Britain and Italy.
The venture capital firm has just taken part in a €6 million round in the firm of online games for Facebook, Social Point (see news).
Download free the 2011 Venture Capital in Spain report (Spanish language), with the main figures and details of 246 deals.