Deutsche Börse Group has announced the launch of DB1 Ventures, a corporate venture capital platform. The DB1 Ventures team, based in Frankfurt, will undertake new investments and actively manage Deutsche Börse’s existing minority shareholdings.
“Our objective with DB1 Ventures is to continue to be active in investing in early to growth stage ventures which are core or adjacent to our client, product, geographic and technology strategy,” said Deutsche Börse CEO Carsten Kengeter. “And as part of our active management, we will also strengthen and extend promising partnerships with some of our current portfolio companies.”
Deutsche Börse Group is one of the world’s leading exchange organizations and an integrated provider of products and services covering the entire process chain of securities and derivatives trading. In March 2016, the company announced it had reached an agreement with London Stock Exchange Group to merge. According to the plan, the companies will be brought under a new holding company, UK TopCo, and will retain both headquarters in London and Frankfurt. A recent press release states that the plan will go ahead despite the results of the recent “Brexit” referendum in the U.K. The parties “remain fully committed to the agreed and binding merger terms, and continue the process of obtaining the necessary approvals.”
The brand new DB1 Ventures website states that the fund wants to be a strategic partner of choice for early to growth stage companies which are core or adjacent to Deutsche Börse Group’s strategy, generate attractive investment returns and add strategic value to its growth plans.
“This dual approach will allow us to bring in our professional expertise as a market infrastructure provider and offer value creation opportunities for fintech companies,” added Managing Director Ankur Kamalia, head of venture portfolio management and responsible for DB1 Ventures. “In return, we will benefit from new […]
