NOAH16 London Investor Book

130
INVESTOR BOOK EDITION OCTOBER 2016

Transcript of NOAH16 London Investor Book

Page 1: NOAH16 London Investor Book

INVESTOR BOOK

EDITIONOCTOBER 2016

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Table of Contents

Program

Venture Capital

Growth

Buyout

Debt

3

10

94

116

119

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10 -11November 2016

Old Billingsgate

Strategic Partners

Premium Partners

PROGRAM

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Networking Drinks

Chris ÖhlundHervé HattMartin CoriatAndy Hancock

Mirko CasparPhilip RookeDr. Caren Genthner-KappeszJack OjalvoDaniel Raab

Ralf PriemerUwe WeissAndreas KoenigYonatan Raz-FridmanDaniel SagisRobert LangRémi AubertAlix de Sagazan

Max LaemmleDr. Thomas Binder Klaus MüllerGuy DanonEric PodzuweitCarina Röllig

Group CEOCEOCEOManaging Director

Managing DirectorCEOCEOCEOManaging Director, Seven Ventures

Co-Founder & MDCEOCEOCo-Founder & Co-CreatorCEOCEOFounder & CEOFounder

CEOFounder & Chairman CEOGlobal CEOCo-Founder & Co-CEOFounder

Verivox Meilleurtaux Confused.comMoneySavingExpert

Mister SpexSpreadshirtGLOSSYBOXSupplementler Flaconi

Channel PilotBlue YonderTeamViewerKano ComputingAvantisSocialbakersAB Tasty

Fraugster 123sonography

adMingleScalable CapitalWebdata Solutions

Dr. Klaus HommelsFabrice GrindaMarco Rodzynek

Founder & CEOCo-FounderFounder & CEO

LakestarFJ LabsNOAH Advisors

9:35 - 9:50

9:50 - 10:0010:00 - 10:1010:10 - 10:2010:20 - 10:30

12:10 - 12:2012:20 - 12:3012:30 - 12:4012:40 - 12:5012:50 - 13:00

13:25 - 13:3513:35 - 13:4513:45 - 13:5513:55 - 14:0514:05 - 14:1514:15 - 14:2514:25 - 14:35

13:00 - 13:0513:05 - 13:10

13:10 - 13:1513:15 - 13:2013:20 - 13:25

Breakfast 08:00 - 10:00

Fabrice Grinda

Nick Williams

Talent 3.0: Science meets ArtsKarim Jalbout

Kwame Nyanning

Oskar Hartmann

Yusuf AzozTobias TschötschCelia FrancisPeter F. SchmidLiran KotzerNikita FahrenholzFinn Age Hänsel

Jeronimo FolgueiraTim SchiffersBenjamin BakMarco Rodzynek

Chantal AmbordPaulin Dementhon

Vladimir FuntikovHermione McKee

Hugo BurgeBobby HealyJohannes ReckAlexandre FontaineFabio CannavaleGlenn FogelMarco Rodzynek

Surprise Guest of Honour

Dr. Klaus Hommels

Carsten KengeterCarsten KengeterMarco Rodzynek

Co-Founder

Head of EMEA Global Market Solutions

Head of the European Digital Practice

Digital VP

Founder & President

CEOFounder & MDCEOCEOFounder & CEOCEOManaging Director

CEOCEOCEOFounder & CEO

Business DevelopmentFounder & CEO

Co-Founder & CEOHead of Finance

CEOCTOCEOCo-FounderCo-FounderHead of Worldwide Strategy and PlanningFounder & CEO

Founder & CEO

CEOCEOFounder & CEO

FJ Labs

Credit Suisse

Egon Zehnder

McKinsey & Company

CarPrice

Kariyer.netContorionRated PeopleWer Liefert WasWoo.ioBOOK A TIGERMOVINGA

Affinitas (EliteSingles)ParshipLOVOONOAH Advisors

BlablaCar Drivy

Creative Mobile Wooga

Momondo GroupCarTrawlerGetYourGuideVoyage PrivéLastminute.comPriceline GroupNOAH Advisors

Lakestar

Deutsche Börse GroupDeutsche Börse GroupNOAH Advisors

POSITION COMPANYCOMPANY SESSION TITLE TIME SPEAKER

K PCP FCKeynote PanelCompany Presentation Fireside Chat

9:15 - 9:30

10:55 - 11:10

11:10 - 11:20

14:35 - 14:55

14:55 - 15:05

17:15 - 17:2517:25 - 17:3517:35 - 17:4517:45 - 17:5517:55 - 18:0518:05 - 18:1518:15 - 18:25

18:25 - 23:00

16:25 - 16:3516:35 - 16:4516:45 - 16:55

16:05 - 16:1516:15 - 16:25

16:55 - 17:0517:05 - 17:15

15:05 - 15:1515:15 - 15:2515:25 - 15:3515:35 - 15:4515:45 - 15:5515:55 - 16:05

11:20 - 11:50

9:00 - 9:15

10:30 - 10:4510:45 - 10:55

Lunch served between 12:00 - 14:30

Yaron VallerMike LobanovAlexander FrolovShmuel ChafetsMarco Rodzynek

General PartnerGeneral PartnerGeneral PartnerGeneral PartnerFounder & CEO

Target GlobalTarget GlobalTarget GlobalTarget GlobalNOAH Advisors

11:50 - 12:10

MAIN STAGE - Day 1 10 November 2016

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Rethinking Public Relations. How to Generate Results that Build Business?Tilo Bonow

The “People Screw Ups” Most Start-ups Make and How to Avoid Them. Egon Zehnder and VC leaders debate talent decisions across Boards, CEOs/Founders, CFOs and CTOsDominque Laffy Simon Calver Dom Loehnis Mark Esiri Ellen Garvey-DasDaniel Waterhouse Sven Petersen Justin Arbuckle Karim Jalbout

Scottish Tech. From Start-up to ScaleMark FahyStuart PatersonKerry SharpAlex van SomerenQuentin Cooper

Fintech in 2017: What Will be the Most Interesting Areas to Invest?Mike Lobanov

Sustainable InnovationColin le Duc

MCI Capital - European Leading Growth Capital Firm With Passion for Digital Transformation – your gateway to CEESylwester JanikTomek Danis

Founder & CEO

ConsultantPartnerConsultantFounder and ChairmanConsultantPartnerPartnerCTOHead of the European Digital Practice

Head of UK Small & Mid-Cap CompaniesFounder & PartnerHead of Scottish Investment BankManaging PartnerPresenter

General Partner

Founding Partner & Co-Head of Growth Equity

Senior PartnerPartner

PIABO

Egon ZehnderBGF VenturesEgon ZehnderVenrex Investment ManagementEgon ZehnderBalderton CapitalEgon ZehnderLeonteq Egon Zehnder

London Stock Exchange Scottish Equity Partners Scottish EnterpriseAmadeus Capital Partners BBC Radio 4

Target Global

Generation IM

MCI CapitalMCI Capital

15:25 - 16:10

14:00 - 14:40

14:40 - 15:25

16:10 - 16:40

17:00 - 17:20

16:40 - 17:00

Claudia LangMarijan MumdzievAdam DoddsMeeri KlausenChristine KieferJens GlasøSebastian HasenackJesus Monleon Castello Sam JacksonLars Markull

Gideon CliftonAnton RummelFranz-Philippe Przybyl Giacomo Garufi

Yishai PinchoverOrfeas KrotosSacha VisramBarrie Elder

David MamanSebastian BaerholdMattias FrieseJames VargaJonathan PartoucheSzabolcs Kun

Fabian KoflerSven LackingerMarko GucekJaime JimenezTim Potocnik

Tobias SchubertFlorian SchmidtTheo PoursanidiAlexander EmmingFreya OehleAvi RabinovichPhilipp SchremppFlorian GliksohnRachel Jones

Antony WoodcockTerence Hielscher

Break

Introductory note by Lea Vajnorsky

Founder & CEOCEOCo-Founder & CEOCEOFounder & CEOFounder & CEOCo-FounderCo-FounderMarketing ManagerHead of Business Development

FounderCo-Founder & CEOCo-FounderCo-Founder & CEO

Co-Founder & VPFounderFounder & CEOHead of Business

FounderCo-FounderCo-Founder & CEOFounder & CEOFounder & CEOFounder & CEO

CEOFounder & CEOCo-Founder & CEOFounder & CEO Co-Founder & CEO

Co-Founder & CEOCo-FounderCo-FounderFounder & CEOFounderCo-Founder & CEOFounder & CEO Co-FounderCEO

Co-Founder & CEOCo-Founder & COO

Community LifeAmodoFreetrade.ioInzmoPair FinanceBlocbondsInvestifyCoverfyComcardeFigo

Ur.coachMove24 Group GmbHStegimondoBantamu

CodeMonkey StudioKrotosGLO GLU GAMESDigital Sports Arena

Unicorn Cyber SecurityIDNowPatronus The ID CoOrigoneArenim

CarjumpevoparkGoOptiiContainersEurosender

FarmyCasa

getnowspottsterMabayaFoodSpringJC PartsSnap Dragon

GigMoBerries

11:10 - 11:1511:16 - 11:2111:22 - 11:2711:28 - 11:3311:34 - 11:3911:40 - 11:4511:46 - 11:5111:52 - 11;5711:58 - 12:0312:04 - 12:09

12:10 - 12:1512:16 - 12:2112:22 - 12:2712:28 - 12:33

12:35 - 12:4012:41 - 12:4612:47 - 12:5212:53 - 12:58

13:03 - 13:0813:09 - 13:1613:17 - 13:2213:23 - 13:2813:29 - 13:3413:35 - 13:40

15:23 - 15:2815:29 - 15:3415:35 - 15:4015:41 - 15:4615:51 - 15:56

14:15 - 14:2014:21 - 14:26

14:27 - 14:3214:33 - 14:3814:39 - 14:4414:45 - 14:5014:51 - 14:5614:57 - 15:02

15:07 - 15:1215:13 - 15:18

13:41 - 14:15

11:00 - 11:10

WORKSHOP / INVESTOR STAGE - Day 1

STARTUP STAGE - Day 1

10 November 2016

POSITION COMPANYCOMPANY SESSION TITLE TIME SPEAKER

W CP KWorkshopWorkshops Investors Company PresentationStartup Competition Keynote

evoparkevolution in parking

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CP

Breakfast 08:00 - 10:00

Dr. Kjell Gruner

Matt BerrimanMatt BerrimanJC OliverMarco Rodzynek

Mor Assia

Marie Ekeland

Leaving Drinks & Snack for the Road

Surprise Guest of Honour

Jose Ojeda

Ralf WenzelFabian Siegel

Avid Larizadeh DugganRuzgar BarisikDavid KuczekMattias LjungmanCem SertogluHala Fadel

Patrick GroveMarco Rodzynek

Ralf ReichertMarco Rodzynek

Roxanne VarzaMarco Rodzynek

Daniel SasakiMarco Rodzynek

Shmuel ChafetsHakan Koç

Pieter van der DoesMatthew JacobsonMarco Rodzynek

Ed Vaizey MPWendy JephsonTBDTBDMartin Bryant

Edward ShenderovichMarc Beermann Eugen MiropolskiMarco Rodzynek

Efe CakarelScott ArpajianGereon FrahlingMarkus WitteAndrea ManfrediAsaf PeledLegacy RussellPolina MontanoRobin Eric HaakCarsten HübscherDaniel SobhaniDavid MeinertzTill JanczukowiczChristoph Lange

Yoni AssiaFranck MorelCeline LazorthesSebastian DiemerMarta KrupinskaCarolin GaborAntonio RamiOren LevyValentin StalfAlexander Graubner-MüllerMax von BismarckBoaz YaariElicia BravoNigel Birrell

Karel de BeuleTitus SharpeTim SchumacherJoelle Frijters

Vice President Marketing

Co-Founder & CEOCo-Founder & CEOChief Creative OfficerFounder & CEO

Founding Partner

Founder & CEO

COO

Founder & CEOFounder & CEO

General PartnerSenior Investment OfficerGeneral PartnerPartnerPartnerFounder & Managing Partner

Co-Founder & Group CEOFounder & CEO

CEOFounder & CEO

Co-Founder & CEOFounder & CEO

Managing PartnerFounder & CEO

General PartnerFounder & Managing Director

Co-Founder & CEOGeneral PartnerFounder & CEO

Member of Parliament for WantageCo-Founder

Community Editor, Tech North

Managing DirectorCo-FounderManaging DirectorFounder & CEO

FounderCEOFounder & CEOCEOFounder & CEOFounder & CEOUK Gallery Relations LeadCOOFounder & MDCEOCEOCo-Founder & MDFounder & CEOCo-Founder & CPO

Founder & CEOCEOFounder & CEOCEOGM & Co-FounderManaging DirectorCo-Founder & COOCo-Founder & CEOCo-Founder & CEOFounder & CEOChief Business Officer & MDCEOChief Strategy OfficerCEO

FounderCo-Founder & CEOCo-Founder & ChairmanCo-Founder & CEO

Porsche

UnlockdUnlockdUnlockdNOAH Advisors

iAngels

Daphni

Lyst

foodpandaMarley Spoon

GVInternational Finance CorporationHoltzbrinck VenturesAtomicoEarlybirdLeap Ventures

Catcha GroupNOAH Advisors

ESL GamingNOAH Advisors

Station FNOAH Advisors

Mayfair Equity PartnersNOAH Advisors

Target GlobalAUTO1 Group

AdyenICONIQ CapitalNOAH Advisors

UK ParliamentSybenetix

Tech City UK

Kite VenturesAllthingsWeWorkNOAH Advisors

MUBISoftonicLingueeBabbelBlasting News90minArtsyJobTodayJobspottinganwalt.deFreeleticsDrEd Online DoctorIDAGIO

eToroZone BourseMANGOPAYBlackBillAzimoFinLeapKantoxZooZN26KreditechDeposit SolutionsShareGainLottoland

KimiaMVFEyeo / Adblock PlusImprove Digital

POSITION COMPANYCOMPANY SESSION TITLE TIME SPEAKER

K PCP FCKeynote PanelCompany Presentation Fireside Chat

12:10 - 12:30

15:00 - 15:1015:10 - 15:20

16:25 - 16:35

17:35 - 17:45

18:10 - 18:30

18:30 - 19:30

9:00 - 9:10

9:10 - 9:209:20 - 9:30

15:20 - 16:00

17:15 - 17:25

14:50 - 15:00

17:45 - 17:55

17:25 - 17:35

12:30 - 12:40

11:45 - 12:10

16:00 - 16:25

17:55 - 18:10

9:30 - 9:409:40 - 9:509:50 - 10:0010:00 - 10:1010:10 - 10:2010:20 - 10:3010:30 - 10:4010:40 - 10:5010:50 - 11:0011:00 - 11:1011:10 - 11:2011:20 - 11:3011:30 - 11:45

12:40 - 12:5012:50 - 13:0013:00 - 13:1013:10 - 13:2013:20 - 13:3013:30 - 13:4013:40 - 13:5013:50 - 14:0014:00 - 14:1014:10 - 14:2014:20 - 14:3014:30 - 14:4014:40 - 14:50

16:35 - 16:4516:45 - 16:5516:55 - 17:0517:05 - 17:15

Lunch served between 12:00 - 14:30

MAIN STAGE - Day 2 11 November 2016

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Christian Picard Florian KienerStephan WalterShahin LauritzenMaya GuraAlex SchwadererMarc Mekki Isabelle OhnemusDaniel RoviraEddie Robb

Ronny GolanTomer SadeKoto AyodejiPaola MarinoneFabian MaximilianHande CilingirOfir PeretzCarsten FrienInigo Vega de SeoneRami AlankoGreg Blazewicz

Ali ParsaOliver ThomasEmil KendziorraChris McCannScott CraeIan Harris

Hanno LippitschKhalid SalehSimon BungersAndre ChristChristian WolfAlex ShevelenkoLars van WierenGary GoodmanYonadav LeitersdorfBrian SmillieLuke JohnsonDaniel HulmeOrlando RemédiosChris Kellner

Break

Break

Introductory note by Lea Vajnorsky

Co-Founder &COOCo-FounderCo-FounderCFOFounderFounder & CEOFounderFounder & CEOCo-Founder & CEOCEO

Co-Founder & CEOFounder & CEOCo-FounderCo-Founder & CEOCEOCo-founder & CEOFounder & CEOCo-Founder & CEOCo-Founder & CEOCEOFounder & CEO

Founder & CEOCEO Co-Founder & CEOCo-Founder & CEOCo-Founder CEO

Co-Founder & CEOCEOCEOCo-Founder & CEOCEOFounder & CEOFounderFounder & CEOFounder & CEOCEOCEOChief OptimizerFounder & CEOHead of Business Development

ByHours.comHappyBrush

HolodiaMissBeezCreaceSymphonyEyeFitUItcherMake it social

ViewerslogicWise Data mediaBiddlyBuzzMyVideoFanmilesInsiderKazoonlinkRoq.adThe MotionBeemraySALESmanago

BabylonDoctifyMEDLANESSnap 40Talking MedicinesBrain Miner

EversportsFigPiilabfolderLeanIXparlamindRELAYTOStarredYumpingoIndeniBeezerCognitive GeologySataliasensefinityDigitalGenius

11:10 - 11:1511:16 - 11:21

11:22 - 11:2711:28 - 11:3311:34 - 11:3911:40 - 11:4511:46 - 11:5111:52 - 11:5711:58 - 12:03

12:21 - 12:2512:27 - 12:3212:33 - 12:3812:39 - 12:4412:45 - 12:5012:51 - 12:5612:57 - 13:0213:03 - 13:0713:08 - 13:1213:13 - 13:1813:19 - 13:24

14:00 - 14:0514:06 - 14:1114:12 - 14:1714:18 - 14:2314:24 - 14:2914:30 - 14:35

14:37 - 14:4214:43 - 14:4814:49 - 14:5414:55 - 15:0015:01 - 15:0615:07 - 15:1215:13 - 15:1815:19 - 15:2415:25 - 15:3015:31 - 15:3615:37 - 15:4215:43 - 15:4815:49 - 15:5415:55 - 16:00

12:03 - 12:20

13:25 - 14:00

11:00 - 11:10

STARTUP STAGE - Day 2 11 November 2016

POSITION COMPANYCOMPANY SESSION TITLE TIME SPEAKER

CP KCompany PresentationStartup Competition Keynote

brainminer

Cognitive GeologyKnow the Earth. Build the Earth

5

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• Platform for discussing disruptive Internet-related trends across 10 key industries:• Advertising• B2B• Consumer Goods• Healthcare, Science &

Education• Home Automation

• Fintech• Media, Telecom &

Gaming• Mobility• Retail• Travel & Tourism

• Number 1 industry event for the European Internet ecosystem for senior executives to do business

• Connecting leading and mature European Internet companies to global financial investors and strategic partners

10-11 November 2016 22-23 June 2017

Two Conferences

Two Objectives

One-of-a-Kind Audience

2,230

3,017

Corporate Executives

Internet Entrepreneurs and Executives

Investors

Service Providers

Press

Other

Corporate Executives

Internet Entrepreneurs and Executives

Investors

Service Providers

Press

Other

21%

41%

19%

14%

4%

1%

16%

44%

27%

9%

2%

1%

2009 2010 2011 2012 2013 2014 2015 2016

600 650

1,1421,354

1,6141,709 1,752

2,000

2015 2016

Attendee Figures

Attendee by Type

Attendee by Type

Attendee Figures

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May 2014

February 2013 May 2012 April 2012

sold 100% of

Sale of 100% in

for $228m to a joint venture between

to

Growth equity investment from

for a 30% stake alongside Softonic’s Founders

and Angel Investors at a valuation of €275m

$150 million growth equity investment from

for a 50% stake alongside Fotolia’s Founders and TA AssociatesAdditional $150 million senior

debt financing

September 2015 July 2015May 2016September 2016October 2016

December 2014

Sale of a 70% stake in Primary funding forInvestment inAcquisition of a Majority Stake in

tofrom

by

Sale of 100% of

for $800m to

September 2014October 2014

Sale of 100% of

for €80m to

Sale of controlling stake in

to

August 2014

sale to

NOAH Advisors provides corporate finance services to the digital sector in Europe Selected Completed NOAH Transactions

by

from

at a valuation of €300m84% Ownership

December 2011

Fund raising for

from various investors including Angel Investors

November 2011

Sale of a majority stake in

to

Quants Financial Services AG

Investment in

Exclusive Financial Advisor to KäuferPortal and its Shareholders

by

Exclusive Financial Advisor to Yad2 and its Shareholders

Financial Advisor to Topruraland its Shareholders

Exclusive Financial Advisor to Softonic and its shareholders

Financial Advisor to Fotolia and its Shareholders

Exclusive Financial Advisor to Drushim and its Shareholders Advisor to BIScience

Exclusive Financial Advisor to 10Bis and its Shareholders

Financial Advisor to Oakley Capital

Exclusive Financial Advisor to Fotolia and the Selling Shareholders

Exclusive Financial Advisor to Trovit and its Shareholders

Exclusive Financial Advisor to Facile.it and its Shareholders Advisor to the Selling Shareholders

Advisor to Work4 LabsExclusive Financial Advisor to grupfoni and its Shareholders

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INVESTOR BOOK

VENTURE CAPITAL

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KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

3TS Capital Partners

3TS Capital Partners is one of the leading private equity and venture capital firms in Central and Eastern Europeoperating in the whole region through offices in Budapest, Bucharest, Istanbul, Prague, Vienna and Warsaw.3TS targets investments in growth sectors including Technology & Internet (Software, Hardware, Mobile,Ecommerce, Social, etc.), Media & Communications and Technology-Enabled Services (Consumer andBusiness Services, Healthcare Services, etc.). Investors in the current and earlier 3TS funds totalling over € 300million include Cisco, EIF, EBRD, OTP, Sitra, 3i and KfW among others.

KEY CONTACTS

Full Portfolio • www.3tscapital.com/portfolio.html

SELECTED PORTFOLIO COMPANIES

OfficesBucharest, Budapest, Istanbul, Prague,

Vienna, Warsaw

Founded 1998

Employees 14 (of which 14 in Europe)

Current Fund Size More than €100m

Use of Debt Flexible

AUM More than €300m

Target Investment Size €300k - €15m

Target Geographies Central and Eastern Europe

Target Sectors

Technology & Internet, Media &

Communications, Technology-Enabled

Services

Investment Style Active, Board support

Deal Structures Significant Minority or Majority

Key Investment CriteriaHigh growth Global Challengers,

or Local Leaders

Website www.3tscapital.com

Contact Email [email protected]

Contact Phone + 43 1 4023679

• Zbigniew Lapinski

• Partner

• Email: [email protected]

• Mr. Lapinski works in the Warsaw office and is

responsible for Polish investment sourcing,

transactions and portfolio management.

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KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Largest global social network

• Largest global music subscription service

• Game studio behind among others Clash of Clans, highest ever grossing mobile app

Full Portfolio • www.accel.com

Accel

Accel is a leading early and growth-stage venture capital firm, powering a global community of entrepreneurs.Accel backs entrepreneurs who have what it takes to build a world-class, category-defining business. Founded in1983, Accel brings more than three decades of experience building and supporting hundreds of companies.Accel's vision for entrepreneurship and business enables it to identify and invest in the companies that will beresponsible for the growth of next-generation industries. Accel has backed a number of iconic global platforms,which are powering new experiences for mobile consumers and the modern enterprise, including Atlassian,BlaBlaCar, Dropbox, Funding Circle, Etsy, Facebook, Flipkart, Funding Circle, Kayak, QlikTech, Simplivity,Spotify, Slack, Supercell, World Remit and others.

SELECTED PORTFOLIO COMPANIES

Offices Palo Alto, New York, London, Bangalore

Founded 1983

Employees52 investment professionals

(of which 12 in Europe)

Current Fund Size$2.8bn across the US,

Europe ($500m) and India

Use of Debt No

AUM $10bn+

Target Investment Size $1m - $100m

Target Geographies Global

Target Sectors Technology and technology-enabled services

Investment Style Active

Deal Structures Minority

Key Investment CriteriaExceptional entrepreneurs looking to build

category-defining businesses

Website www.accel.com

Contact Email [email protected]

Contact Phone +44 20 7170 1000

KEY CONTACTS

• Luciana Lixandru

• Principal

• CV: 10+ years technology investing, Georgetown

University

• Companies: Deliveroo, Carwow, Avito, Wallapop,

Algolia, Doctolib, Vinted

• Andrei Brasoveanu

• Investor

• CV: 5+ years technology investing and trading,

Harvard Business School and Princeton

• Companies: Celonis, Carto, JobToday

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KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Charles Lorenceau

• Managing Director

• Email:

[email protected]

• Visual bookmarking tool for saving and discovering creative ideas

• Money transfer service allowing private individuals and businesses to send money

abroad without hidden charges

• Mobile app connecting passengers with drivers for hire

Full Portfolio • https://www.aceandcompany.com/portfolio/

ACE & Company

ACE was co-founded in 2005. Originally incubated by a single-family office, the firm now works in partnershipwith many individual investors and leading institutions. Headquartered in Geneva, Switzerland, ACE & Companyhas operating offices and team members in New York, London, and Cairo, and Hong Kong.

Drawing from its broad private equity heritage, ACE is uniquely positioned to understand the needs andchallenges facing private investors today. By leveraging the in-house capabilities with those of the global networkof partners, the firm is able to source, diligence, and execute on superior investment opportunities.

At the core of its philosophy, ACE strives to ensure alignment of interest of all parties by investing shareholder’sproprietary capital in all transaction and vehicles it undertakes.

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

OfficesGeneva, London, Hong Kong,

New York, Cairo

Founded 2005

Employees N/A

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment Size N/A

Target Geographies North America, Europa, Middle East

Target Sectors

Technology, Consumer Service, Consumer

Goods, Business Services, Basic Resources,

Financials, Industrials, Transportation,

Marketplace, Fintech

Investment Style N/A

Deal Structures Minority or Majority

Key Investment CriteriaTechnology-enabled companies

in the target sector

Website www.aceandcompany.com

Contact Email N/A

Contact Phone +41 22 311 33 33

Page 14: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• HomeToGo is an independent meta search engine for vacation rentals combining the

models of enquiry and immediate booking. Based in Berlin.

• London-based iwoca provides short-term financing to SMEs. Launched in 2012,

iwoca has already grown into one of Europe's leading fintech lenders.

• Mambu offers an agile, flexible and affordable cloud banking platform that enables

innovative banking providers to rapidly create, launch and service loan and deposit

products. Based in Berlin.

Full Portfolio • actoncapital.com/#Portfolio

Acton Capital Partners

SELECTED PORTFOLIO COMPANIES

Offices Munich

Founded 1999

Employees 14 (of which 13 in Europe)

Current Fund Size €170m

Use of Debt No

AUM €350m

Target Investment Size €3m - €15m

Target GeographiesEurope (>70%)

RoW, particularly North America (up to 30%)

Target SectorsConsumer Internet & B2B, E-Commerce,

E-Services, Marketplaces, SaaS

Investment Style Active (seeking board membership)

Deal Structures Qualified minority stakes

Key Investment CriteriaB2C or B2B-SaaS focus, cash-generative,

growth stage, selectively early (no seed)

Website www.actoncapital.com

Contact Email [email protected]

Contact Phone +49 89 2421 8870

KEY CONTACTS

Marcus Polke

Investment

Director

[email protected]

Christoph Braun

Managing

Partner

[email protected]

Fritz Oidtmann

Managing

Partner

[email protected]

Frank Seehaus

Managing

Partner

[email protected]

Aline Vedder

Director

Communications

[email protected]

Acton Capital Partners is a growth-stage venture capital firm, based in Munich. With investments in more than 65companies since 1999, the Acton team brings a wealth of expertise and experience to the companies in which itinvests, delivering superior capital returns. The ideal investment candidates are Internet companies in theconsumer or B2B-SaaS space with proven and scalable business models, striving to take their growthopportunities to the next level.Acton’s current fund was initiated in 2014 with a volume of €170m and has so far invested amongst others inHomeToGo, Tictail, iwoca, GetSafe, Mambu, Mobify, Eloquii, Comatch, Finanzcheck.de and Chefs Plate. With itsprevious fund (vintage 2008), Acton had invested in companies such as Linas Matkasse, Windeln.de, MyOptiqueGroup, mytheresa.com, Etsy, Audibene, Momox, KupiVIP and Clio. Before 2008, the Acton team had investedthrough the Burda Digital Ventures fund I and II in companies like Ciao, HolidayCheck, Zooplus, OnVista,Cyberport, AbeBooks and Alando.

Page 15: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Leading ecommerce in Home&Living

• Specialty online retailer for cooking&dining products

• Online vacation rental apartments

• Online sporting good shop

AD4Ventures

SELECTED PORTFOLIO COMPANIES

Offices Milan, Madrid

Founded 2013

Employees N/A

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment Size N/A

Target Geographies Europe and US

Target Sectors B2C Digital

Investment Style N/A

Deal Structures Minority Stake

Key Investment Criteria Media for equity

Website www.ad4ventures.com

Contact Email [email protected]

Contact Phone N/A

KEY CONTACTS

Ad4Ventures is the venture capital arm of Mediaset group, offering multiplatform advertising in Italy and Spain inexchange for equity in private companies with strong revenue potential (primarily B2C and technology)

• Katia Rizzo

• Head of Ad4Ventures

• Email:

[email protected]

• Katia has been the head of Ad4Ventures since

October 2016 and he is senior M&A and corporate

development senior manager at Mediaset SpA

• Previously: KPMG

• Stefano Doga

• Principal

• Email:

[email protected]

• Stefano has been principal at Ad4Ventures since

January 2013

Page 16: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Customer experience analytics SaaS

• Healthcare booking platform

• Ultra-low power video storage appliances

Full Portfolio • https://www.amadeuscapital.com/category/portfolio/

Amadeus Capital Partners

SELECTED PORTFOLIO COMPANIES

Offices London, Cambridge, San Francisco

Founded 1997

Employees 28

Current Fund Size N/A

Use of Debt Occasionally

AUM £550m

Target Investment Size £1m - £10m

Target Geographies Europe, Israel,

Target Sectors Technology

Investment Style Active

Deal Structures Minority

Key Investment CriteriaOutstanding entrepreneur

Strong market demand

Website www.amadeuscapital.com

Contact Email N/A

Contact Phone 0044 (0)207 024 6900

KEY CONTACTS

We back entrepreneurs to win.We belive the most exciting innovations originate from the power of networks – physical, social and commercial:the smart connected world.Over the past 15 years we have funded and supported more then 85 young companies, led by entrepreneurswho share this visions. Their contribution to the smart connected world range from creating the infrastructure oftoday’s network, to building the products and services that leverage and transform those networks into economicsuccess.We have the imagination to see where new businesses can be created and the technical insight, operationalexperience and global network to help entrepreneurs make their vision a reality.

• Alex Van Someren

• Managing Partner

• Alex is Managing Partner of the Early Stage Funds at

Amadeus. He is a director or an observer on the

boards of the Amadeus and Angels Seed Fund

portfolio companies. Alex has a current investment

focus on Big Data, Cloud Computing, Cyber-Security

Digital Health, the Internet of Things and Medical

Technology. Alex is also a founder of Cyber London

(CyLon), Europe’s first cybersecurity accelerator

programme

Page 17: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Benedict Rodenstock

• Partner

• Email: [email protected]

• Worked formerly for Hubert Burda Media, WEB.DE

and Roland Berger Strategy Consultants; MBA,

studied in Bologna, St.Gallen and New York

• Companies: 99Chairs, BettenRiese, Coureon

• Bernd Schruefer

• Partner

• Email: [email protected]

• Formerly co-founder of asset management company,

founder of single family office, investment banker at

Unicredit Group, studied business administration

• Companies: Dreamlines, Flaconi, Stylelounge

• Berlin-based 99 Chairs offers online-based professional interior design and a wide

choice of high quality furniture to suit every pocket.

• BettenRiese offers a wide variety of mattresses and accessories along with services

like a virtual consultant tool and 100 days feel-good warranty.

• With personalized search, integrated price comparison and direct purchase option,

Stylelounge makes shopping your favorite pieces even more convenient.

Full Portfolio • www.astutia.de

Astutia

ASTUTIA is an independent investment company focusing on innovative founders and companies withoutstanding growth potential. The firm invests in the areas of E-Commerce, Digital Media and EnterpriseSolutions, usually from early start-up to growth stages. Besides venture capital, they offer a truly internationalnetwork and specialised know-how for entrepreneurs to support successful development and sustainable growth.Their latest exits include Flaconi, Amorelie and Dreamlines.

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Offices Munich, Berlin

Founded 2006

Employees 8 (of which 8 in Europe)

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment Size €100k – €1m

Target Geographies Germany, Europe

Target SectorsE-Commerce, Digital Media, Enterprise

Solutions

Investment Style Passive

Deal Structures Minority stakes

Key Investment Criteria Team, Market

Website www.astutia.de

Contact Email [email protected]

Contact Phone +49 89 18908388 - 0

Page 18: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Christophe Maire

• Founder & CEO

• Christophe has more than 18 years’ experience as a

founder and CEO of technology ventures. He founded

gate5 (acquired by Nokia) and he was angel investor

of Readmill, Plista, StudiVZ, and Brands4Friends

• Companies: EyeEm, Soundcloud

• Dario Galbiati Alborghetti

• Venture Partner

• Dario joined Atlantic Labs as venture partner in 2015.

He founded Views and Palo Jerky

• Previously: international partnership at Deutsche

Telekom

• Leading social sound platform where anyone can create sounds and share them

everywhere

• Klara enables secure communication between patients and dermatologists before,

during and after treatment, allowing patients to be diagnosed quickly and securely

• Multi-mode search tool that compares and combines rail, air, bus, and car for

European destinations

Full Portfolio • www.atlanticlabs.de/

Atlantic Labs

Atlantic Labs (previously Atlantic Internet/Atlantic Ventures) is a Berlin based early stage investor. They focus ondisruptive digital technologies/business models and fostering passionate entrepreneurs.

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Offices Berlin

Founded 2007

Employees 6 (of which 6 in Europe)

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment Size N/A

Target Geographies Europe

Target Sectors Tech-driven sectors

Investment Style Active

Deal Structures Minority

Key Investment Criteria Tech-driven business

Website www.atlanticlabs.de

Contact Email N/A

Contact Phone N/A

Page 19: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Mattias Ljungman

• Partner

• Partner at Atomico since 2006

• Companies: Hailo, Chemist Direct, FON, Truecaller,

Uniplaces, LendInvest, Klarna, Evrythng

• Rovio is an entertainment media company based in Finland, and the creator of the

globally successful Angry Birds franchise, and the new Amazing Alex franchise.

• EVRYTHNG is a Web of Things software company, making products smart by

connecting them to the Web.

• Klarna, an online payments service that lets people shop safely and simply. With 6m

shoppers already using Klarna for simpler online payments, Klarna is rapidly

becoming the most trusted payment service in Europe.

Full Portfolio • www.atomico.com/portfolio

Atomico

Atomico is an international investment firm, focused on helping the world’s most disruptive technology companiesscale and become global leaders.

Founded in 2006 by Niklas Zennström, a co-founder of Skype, Atomico has made over 50 investments over fourcontinents, including Skype, Supercell, Klarna, Truecaller, Zocdoc, GoEuro and The Climate Corporation, with anexclusive focus on the technology sector.

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

OfficesLondon, Beijing, São Paulo,

Istanbul, Tokyo

Founded 2006

Employees 27 (of which 23 in Europe)

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment Size €5m – €50m

Target Geographies Global outside Silicon Valley

Target Sectors Technology

Investment Style Active

Deal Structures Minority or Majority

Key Investment CriteriaGrowth stage innovative

technology companies

Website http://www.atomico.com

Contact Email [email protected]

Contact Phone +44 (207) 499 1093

Page 20: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Rob Moffat

• Partner

• Email: [email protected]

• Partner at Balderton since 2009

• Previously at Google

• Companies: Wooga, Carwow, Prodigy Finance,

Nutmeg, Rentify, Patients Know Best

• Leading mobile casual games developer, based in Berlin

• The future of music publishing, ensuring their artists (representing ~40% of the top

100) are paid rapidly and fairly across all offline & online platforms

• World-leading online retailer, with proprietary tech stack, focussed on health & beauty

and active across Europe and the US

Full Portfolio • www.balderton.com

SELECTED PORTFOLIO COMPANIES

Offices London

Founded 2000

Employees 30 (of which 30 in Europe)

Current Fund Size $305m

Use of Debt No

AUM $2.3bn

Target Investment Size $1m - $20m

Target Geographies Europe

Target Sectors Tech

Investment Style Active

Deal Structures Minority

Key Investment Criteria Team, disruptive

Website www.balderton.com

Contact Email [email protected]

Contact Phone +44 20 7016 6800

KEY CONTACTS

Balderton Capital’s focus is on early stage, European technology businesses, with ambitious founders andunique approaches.Balderton is the largest Europe focused early stage venture fund, with funds totalling $2.3bn. Balderton investsbetween $1m to $20m into companies with the potential to disrupt huge industries, and the ambition to scaleglobally.Balderton invests for the long term, with the ability to support our companies from start to exit.What makes them different is the equal partnership, including two founders of $bn companies and former execsfrom Uber, Dropbox, Google and Yahoo.

Balderton Capital

Page 21: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Iskender Dirik

• Managing Director

• Email: [email protected]

• Managing Directo at BVP

• Previously: M&A for Bauer Media Group, Founder of

several Product-Startups, MD at Technology & Digital

Media Consulting Boutique, Management Consulting

• Companies: Navabi, Contorion

• Lise Rechsteiner

• Investment Manager

• Email: [email protected]

• Investment manager at BVP

• Previously: MD at Helpling.se, PhD at ETH Zurich

• Companies: CareerFoundry

• Global leading meta-search and recommendation engine for food and recipies.

California-based.

• A leading calory and fitness tracking app. Featured by Apple. Stockholm-based.

• Global category leader in plus-size premium fashion for women. London- and

Aachen- based.

Full Portfolio • www.bauerventurepartners.vc/

SELECTED PORTFOLIO COMPANIES

Offices Hamburg, Stockholm

Founded 2014

Employees 7 (of which 7 in Europe)

Current Fund Size €100m

Use of Debt No

AUM N/A

Target Investment Size €1m - €7m

Target Geographies Germany, Austria, Switzerland, Nordics

Target Sectors Digital Media and Publishing Tech

Investment Style Active, hands-on

Deal Structures Flexible

Key Investment Criteria Top-notch team, scaling by technology

Website www.bauerventurepartners.vc

Contact Email [email protected]

Contact Phone +49 40 3019 1078

KEY CONTACTS

Bauer Venture Partners focus on digital media (Owned Content, Aggregators, Functional Apps, Classifieds) and

publishing technologies (Content Creation, Distribution & Monetization), early and later stages and the German

and Nordic regions.

Bauer Venture Partners are financial, profit-oriented investors. But, if it provides value, they could offer the

advantages of a strategic investor, in particular access to the assets and infrastructure of one of the leading

international media companies with a strong footprint in markets like Germany, UK, Poland, USA, Australia,

Nordics and more.

Bauer Venture Partners

Page 22: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Stuart Veale

• Managing Partner

• Email: [email protected]

• Stuart heads a team of Partners and staff in the UK

office and sits on the investment committees of all the

firm’s UK funds. Stuart has over 25 years’ experience

working within the venture capital industry.

• Companies: Third Bridge; ResponseTap

• Karen McCormick

• Chief Investment Officer

• Email: [email protected]

• Karen is a Partner and Chief Investment Officer at

Beringea, she was previously with the Boston

Consulting Group and ran the watches division of

Swiss Army/Wenger.

• Companies: Blis; Watchfinder; Thread

• Blis is an advertising technology company that uses location and demographic data to

identify and target bespoke customer audiences.

• Watchfinder is a specialist pre-owned luxury watch retailer. The Company allows

consumers to purchase timepieces from brands including Rolex, Omega and Cartier.

• Third Bridge is a primary research partner that connects investors and businesses to

critical intelligence. The Company provides PE firms, hedge funds and consultants

with the information they need to understand the value of their business opportunities.

Full Portfolio • www.beringea.co.uk/portfolio/

Founded in 1988, Beringea is an investor in high growth businesses, with over £450m under management and60 portfolio companies. Based in London and Michigan, U.S., Beringea invests between £1m - £20m intobusinesses looking for a supportive growth partner.

With over £170m managed in London, and over 40 UK portfolio businesses, Beringea manages one of the UK’sbiggest evergreen growth capital funds. The team of experienced investors has a great track record of identifyingwinning companies and outstanding management teams across a range of sectors including software, digitalmedia and e-commerce.

SELECTED PORTFOLIO COMPANIES

Offices London, Michigan (USA)

Founded 1988

Employees 32 (of which 22 in Europe)

Current Fund Size £467m (£176m in UK)

Use of Debt Yes

AUM £467m (£176m in UK)

Target Investment Size £1m - £20m

Target Geographies UK and USA

Target SectorsAll (Focus –Software, Digital Media,

E-commerce)

Investment Style Active

Deal Structures Minority Growth Capital

Key Investment Criteria Minimum £1m annual revenue

Website www.beringea.co.uk

Contact Email [email protected]

Contact Phone +44 (0) 207 845 7834

KEY CONTACTS

Beringea

Page 23: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Blumberg Capital

Offices San Francisco, New York, Tel Aviv

Founded 2007

Employees 13 (of which 4 in Europe)

Current Fund Size $200m

Use of Debt N/A

AUM $700m

Target Investment Size $500k - $5m

Target Geographies Israel, Canada, Europe

Target SectorsCyber security, fintech, enterprise software,

marketing tech

Investment Style Active

Deal Structures Equity, minority

Key Investment Criteria Team, technology

Website www.blumbergcapital.com

Contact Email [email protected]

Contact Phone 972-52-680-2086

Blumberg Capital is an early-stage venture capital firm that partners with passionate entrepreneurs to innovateand build successful technology companies.

Blumberg Capital specializes in leading Seed and Series A rounds collaborating with angel investors, otherventure capital firms and strategic partners. They are active investors and board members – operating as anextension of the entrepreneurs’ network. Blumberg Capital invests in the best teams, solving the biggestproblems in technology hot spots around the world. The typical initial investments range from $500,000 to $5million with additional amounts reserved for follow-on funding.

The headquarter is based in San Francisco with team members in Tel Aviv and New York

• Alon Lifshita

• Managing Partner

• Email:

[email protected]

• Alon is a managing director of Blumberg Capital and

head of the firm’s Tel Aviv office. Alon has been

active in the Israeli, European and Japanese

technology markets for the past 20 years and has a

strong track record of sourcing and investing in

exciting hyper-growth companies. Alon is a skilled

business development executive, forming highly

accretive strategic alliances with mobile operators,

equipment vendors and system integrators across the

globe.

• Social reviews for e-commerce websites

• Next generation compute and storage infrastructure

• Social media management system for businesses and organizations

• Omni-channel payments engine

Full Portfolio • blumbergcapital.com/companies/

Page 24: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Florian Schweitzer

• General Partner

• Email: [email protected]

• Dr. Jochen Gutbrod

• General Partner & Executive Chairman

• Email: [email protected]

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

b-to-v Partners

Offices St.Gallen, Berlin

Founded 2000

Employees 5 (Investment Team, Internet & Mobile)

Current Fund Size €75m

Use of Debt N/A

AUM N/A

Target Investment Size€500k - €2.5m initially

(Seed, Series A, Series B)

Target Geographies 80% DACH, 20% globally

Target SectorsConsumer oriented business models and

marketplaces (they avoid gaming)

Investment Style N/A

Deal Structures N/A

Key Investment CriteriaDisrupting an existing industry, unique market

positioning, defendable assets

Website www.b-to-v.com

Contact Email N/A

Contact Phone N/A

Founded in 2000, b-to-v Partners is a venture capital fund as well as the leading network of investingentrepreneurs in Europe. The firm combines the industry expertise and experience of its members with theventure capital expertise of its investment team. With investment teams in Internet & Mobile as well as inAdvanced Technologies, b-to-v invests EUR 25m per year in high growth companies. In 2015, Florian Schweitzerand Jochen Gutbrod of RI Digital/Raffay & Cie. joined forces to set up a new fund.

The firm recently invested in Primary Door (home selling service), Joblift (metasearch engine for jobs), Comtravo(travel assistant for SME), BUX (casual trading app), SevenSenders (optimized cross-border shipments foreCommerce), and Compeon (comparison of banking products for SME).

• Leading online marketplace for European term deposits

• Comparison of consumer credit offerings from more than 60 banks

• No. 1 marketplace for home and living across its 10 markets

• 24/7 limousine service available online and as a mobile app

• No. 1 worldwide online auction house

Page 25: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Mobile tracking and analytics solution provider

• Enterprise Architecture Management

• Online platform for luxury watches

Full Portfolio

SELECTED PORTFOLIO COMPANIES

Offices Cologne, Berlin

Founded 2012

Employees 8 (of which 8 in Europe)

Current Fund Size N/A

Use of Debt N/A

AUM N/A

Target Investment Size €500k – €3m

Target Geographies Germany, Europe

Target SectorsB2B Services, Digital Transformation, Digital

Infrastructure

Investment Style Active

Deal Structures Minority

Key Investment Criteria Digital Business Model, Team, Growth

Website Capnamic.de

Contact Email [email protected]

Contact Phone +49-221-67781930

KEY CONTACTS

Capnamic Ventures is one of Europe’s leading early-stage Venture Capital firms, with offices in Berlin andCologne. The VC invests most of its funds in tech-startups in the German-speaking region. Beyond that,Capnamic joins forces with international co-investors. All portfolio companies are supported through Capnamic’sglobal network of established industry partners.

The venture capital firm combines expertise drawn from more than 70 investments, 13 IPOs and a strongentrepreneurial track record in the team. The general partners are Jörg Binnenbrücker (@bibrue), Olaf Jacobi(@olafjacobi) and Christian Siegele.

Capnamic Ventures

• Jörg Binnenbrücker

• Managing Partner

• Email: [email protected]

• Olaf Jacobi

• Managing Partner

• Email: [email protected]

• Johannes Rohde

• Principal

• Email: [email protected]

Page 26: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Readly is a digital service which lets customers have unlimited, “all-you-can-read”

access to hundreds of national and international magazines in one app

• Eve is an e-commerce mattress-in-a-box company

• CurrencyFair is an online currency exchange and money transfer service with a P2P

marketplace

• JobToday offers a mobile-first platform for finding service & blue collar jobs

• The Idle Man is an e-commerce website specialising in menswear

SELECTED PORTFOLIO COMPANIES

Offices London

Founded 1982

Employees 819 (4 in investment team)

Current Fund Size N/A

Use of Debt Yes (convertibles)

AUM N/A

Target Investment Size £2m - £5m

Target Geographies Global – and presence in UK

Target Sectors Digital Consumer Goods & Services

Investment Style Passive

Deal Structures Minority

Key Investment Criteria B2C, growth stage

Website www.channel4.com

Contact Email [email protected]

Contact Phone N/A

KEY CONTACTS

Launched in 2015, Channel 4’s Commercial Growth Fund offers TV airtime to high-growth consumer-facingstartups in exchange for passive equity stakes. Our focus is on digital consumer products and services that aretypically in growth phase, but perhaps see TV marketing route as too expensive within their lifecycle.

Channel 4 occupies a unique position within the UK’s broadcast ecology. It is a public service publisher-broadcaster with a distinctive creative remit, funded solely from commercial revenues. Channel 4 profiles ayoung, upmarket audience through its channels which include E4, More 4, Film 4 and the VOD platform All4.Channel 4 is also the sales house for UKTV.

Channel 4

Commercial Growth Fund

• Vinay Solanki

• Head of Commercial Growth Fund

• Email: [email protected]

• Jessica Bliesner

• Corporate Finance Senior Advisor

• Email: [email protected]

• Ju Won Cha

• Corporate Finance Analyst

• Email: [email protected]

Page 27: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Platform for consumers to sell their cars C2B

• One of the fastest growing internet companies in Europe

• Germany’s leading long-distance bus provider

• Market share of >70% and 10m+ passengers in 2014

• Online marketplace to compare and book multi-day group tours worldwide

• 14,000+ tours online bookable

Full Portfolio • www.cherry.vc/portfolio

Cherry Ventures

Cherry Ventures is a Berlin based, European focused early stage tech investor that was founded and ismanaged by three entrepreneurs that have co-founded, managed and exited some of Europe’s most successfulinternet companies, such as Zalando and CityDeal/Groupon.

They generate value through three levers:1) Strong entrepreneurial background of the entire team2) LP-network of some of Europe’s most successful investors and entrepreneurs3) Fast, structured and data-driven decision process

Offices Berlin

Founded 2012

Employees 10 (of which 10 in Europe)

Current Fund Size €150m+

Use of Debt No

AUM N/A

Target Investment SizeInitial invest of €300k to €1.5m in seed & pre-

series A, up to €10m in follow-on rounds

Target Geographies Europe

Target SectorsConsumer internet, SaaS, (sales-driven)

marketplace, retail & brand building

Investment Style Active

Deal structures N/A

Key Investment Criteria Founding team, level of ambition, scalability,

Website cherry.vc

Contact Email [email protected]

Contact Phone N/A

KEY CONTACTS

SELECTED PORTFOLIO COMPANIES

• Daniel P. Glasner

• Email: [email protected]

• Co-founded City Deal in Europe and sold it to

Groupon after 6 months in 2010. Co-founded

Quandoo in 2012 with international growth strategy

and sold it in 2015 for € 200m

• Companies: Groupon, CityDeal, Quandoo, McKinsey

• Filip Dames

• Email: [email protected]

• Helped grow Zalando to € 2bn revenues and IPO in

2014. Led teams of +500 employees and managed

international expansion to 15 European countries

• Companies: Zalando, Zalando Lounge, Joda Media

Page 28: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

SELECTED PORTFOLIO COMPANIES

Offices Frankfurt

Founded 2014

Employees 6 (of which 6 in Europe)

Current Fund Size €100m

Use of Debt No

AUM €30m

Target Investment Size €2m – €10m

Target Geographies Europe, Israel, and the US

Target Sectors FinTech & Insurance

Investment Style Passive

Deal Structures Minority

Key Investment CriteriaTeam, market potential,

execution, defendable USP

Website www.commerzventures.com

Contact Email [email protected]

Contact Phone N/A

KEY CONTACTS

CommerzVentures is the corporate VC arm of Commerzbank and invests in FinTech and InsurTech companiesacross Western Europe, Israel and the US. The partners aspire to work with the best entrepreneurs who canarticulate why they can dominate a given market segment. The team has >30 years of experience in venturecapital. CommerzVentures invests in A-C round with a focus on B rounds.

CommerzVentures

• Short-term loan provider to small businesses

• Open API issuer processor platform

• Cloud banking technology platform provider

Full Portfolio • www.commerzventures.com/Portfolio.html

• Patrick Meisberger

• Managing Director

• Stefan Tirtey

• Managing Director

• Heiko Schwender

• Senior Investment Manager

• Paul Morgenthaler

• Senior Investment Manager

Page 29: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Christian Stein

• Managing Director

• Email: [email protected]

• Creathor Venture

• Boston Consulting Group

• IBM

• Zadego/Easybooking

• David Zimmer

• Managing Director

• Email: [email protected]

• Quadriga Capital

• Waterland Private Equity

• Altira

• T-Mobile International

They are a pragmatic investor with an eye for the essentials and persistence for the long-run.Coparion helps young technology companies achieve swift and sustained growth. With assets undermanagement of €225m they have the means to do so. They support entrepreneurial vision with their know-how,but without intervening in daily business operations. Thanks to 25+ years of team experience in venture capitaland in building companies, they discern potentials and open up new perspectives. They have the substance,tenacity and creativity required to mutually manage difficult situations successfully. They only invest with otherco-investors.

Their focus is on the start-up and early growth phase. They appreciate initial successes, such as the sales andkey accounts developed or successful product launches. Per company they invest up to €10m, usually in severalfinancing rounds of €500k - €3m each.

SELECTED PORTFOLIO COMPANIES

Offices Berlin, Cologne

Founded 2016

Employees 9 (of which 9 in Europe)

Current Fund Size €225m

Use of Debt No

AUM €225m

Target Investment Size €500k – €3m per funding round

Target Geographies Germany

Target Sectors IT, Internet, High-Tech, Life Science

Investment Style Active

Deal Structures Minority stake, with co-investors

Key Investment Criteria „Traction“ (no seed funding)

Website www.coparion.de

Contact Email [email protected]

Contact Phone +49 30 5858 4400

KEY CONTACTS

New fund, launched operations in March 2016

Coparion - Accelerating Momentum

Page 30: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Johan Brenner

• General Partner

• Email:

[email protected]

SELECTED PORTFOLIO COMPANIES

Offices Stockholm, Palo Alto

Founded 2003

Employees 14

Current Fund Size €535m

Use of Debt No

AUM €535m

Target Investment Size €0 - €10m per round

Target Geographies Europe and North America

Target Sectors Consumer, Software, Hardware

Investment Style Actve

Deal Structures Minority

Key Investment Criteria Possibility to scale globally

Website www.creandum.com

Contact Email N/A

Contact Phone N/A

KEY CONTACTS

Creandum

Creandum is a leading early-stage venture capital firm investing in innovative and fast-growing technologycompanies. The Creandum Advisory team is based in Stockholm and Palo Alto. The Creandum funds haveinvested in over 50 companies including being first institutional investor in companies such as Spotify, Vivino,Cint, Edgeware, IPtronics, iZettle, Videoplaza, Xeneta and many more.

• Leading mobile payments company, offers small businesses portable point of sale

solutions and free sales overview tools

• Commercial music streaming service that provides digital content from a range of

record labels and artists

• App for iOS and Android that allows users to take photos of wine labels and, using

image recognition technology, matches them against a database of more than 3

million wines and gives the reviews

Full Portfolio • www.creandum.com/investment/

Page 31: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Marie Ekeland

• Co-founder

• Email:

[email protected]

• co-founder @daphnipolis. co-founder @FRDigitale.

#energy #codesinC #European #believer

SELECTED PORTFOLIO COMPANIES

Offices Paris

Founded 2015

Employees 11 (of which 11 in Europe)

Current Fund Size €150m

Use of Debt No

AUM N/A

Target Investment Size N/A

Target Geographies Europe

Target Sectors N/A

Investment Style Active

Deal Structures Minority

Key Investment Criteria N/A

Website daphni.com

Contact Email http://www.apply.daphni.com

Contact Phone N/A

KEY CONTACTS

daphni

daphni is a venture capital mutant. We love startups, enthusiasm and cookies. We want to bring scale, collectiveintelligence, trust and meaning to the venture capital world. This way we offer founders greater chances ofsuccess. How do we do this? By connecting them to a global community of talented innovators on our digitalplatform.

Page 32: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Ankur Kamalia

• Managing Director

• Email: ankur.kamalia@deutsche-

boerse.com

• Head of Venture Portfolio Management at DBG.

Previously Managing Director at UBS, and Portfolio

Manager at Polygon Investment Partners.

• MBA - University of North Carolina at Chapel Hill.

• Victor Hugo Gomez

• Senior Vice President

• Email:

victor.hugo.gomez.zerpa@deutsche-

boerse.com

• Previously Innovation management for DBG’s Data

business, CEO and co-founder of Funding4Learning,

Investment Consultant at Mercer Consulting.

• MBA - WHU School of Management.

• Privately held company operating the Medusa FX Option trading

platform

• VC firm focused on financial technology

• Operator of stock and options markets in the U.S. and Europe

Full Portfolio • www.deutsche-boerse.com/db1ventures

KEY CORPORATE FACTS / KPIs

SELECTED PORTFOLIO COMPANIES

Offices Global (Frankfurt HQ)

Founded 2016

Employees 5 (DB1 Ventures)

Current Fund Size Deutsche Börse Group Balance Sheet

Use of Debt No

AUM N/A

Target Investment Size €2m – €25m

Target Geographies Europe, US (Asia opportunistic)

Target SectorsCapital Markets, Data, Analytics, Alternative

Funding Platforms, Investment Technology

Investment Style Active

Deal Structures Minority / Control

Key Investment Criteria Growth stage bias, strategic investments

Website www.deutsche-boerse.com/db1ventures

Contact Email [email protected]

Contact Phone +496921116699

KEY CONTACTS

DB1 Ventures’ is the Corporate Venture Capital arm for Deutsche Börse Group (DBG). DB1 Ventures aims to bea strategic partner of choice for early to growth stage companies (bias towards Series A and above rounds),which are core or adjacent to DBG’s strategy, generate attractive investment returns and add strategic value toour growth plans.

The Group Venture Portfolio Management team manages DB1 Ventures and the DB1 Ventures InvestmentCommittee, which is chaired by the DBG CEO.

Deutsche Börse DB1 VenturesNOAH Partner

Page 33: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Thomas Grota

• Investment Director

• Email: [email protected]

• https://de.linkedin.com/in/thomasgrota

• Companies: ngena; flaregames, NumberFour, ‚

Gini GmbH (Exits: myTaxi, Wunderlist, Swoodoo,

apprupt)

• Randeep Wilkhu

• Investment Director

• Email: [email protected]

• https://www.linkedin.com/in/rwilkhu

• Companies: i-am-plus, immmr, smarkets, Boku,

• NGENA provides business with physical and virtual networks through hybrid VPN and

its innovative cloud technology

• I-am-plus produces Dial, a voice-enabled smarcuff designed by i.am+, the tech

company founded by musician and entrepreneur will.i.am

• Kumu Networks was founded by a team of Stanford Universiry Professors and Ph.D

graduates to commercialize research on Wireless Full Duplex, an innovative wireless

transceiver design

Full Portfolio • www.telekom.com/dtsi

Deutsche Telekom Strategic Investments (DTSI) is Deutsche Telekom’s strategic investment group.Founded in 1997, with a cumulative budget volume of over $800m, DTSI is one of the largest corporate venturefunds in the technology industry. The group has made over 200 investments and manages a current portfolio ofaround 90 companies, including several "unicorns". DTSI supports and encourages breakthrough innovation thatproduces new and exciting services and solutions for Deutsche Telekom’s 200 million mobile, fixed-network, andbroadband customers.

SELECTED PORTFOLIO COMPANIES

Offices Bonn, Palo Alto

Founded 1997

Employees 21 (of which 19 in Europe)

Current Fund Size from balance sheet

Use of Debt No

AUM N/A

Target Investment Size €5m - €100m

Target Geographies Europe, Israel, USA

Target Sectors Technology

Investment Style Active

Deal Structures Control, joint control, minority

Key Investment Criteria Strategic fit, innovative impact

Website www.telekom.com/dtsi

Contact Email [email protected]

Contact Phone N/A

KEY CONTACTS

Deutsche Telekom

Strategic Investments

Page 34: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Nenad Marovac

• Managing Partner and CEO

• Email: [email protected]

• Partner at Advent International, MBA Harvard

Business School. Focus on consumer internet,

marketplaces, ecommerce, mobile applications

• Companies: Auto1, Book a Tiger, Datanomic, Happn,

HomeToGo, Tbricks, Mister Spex, OLX, Purplebricks,

Quandoo, Shazam, Windeln

• Thomas Rubens

• Principal

• Email:

[email protected]

• Barclays M&A, University of Bristol. Focus on

ecommerce, Marketplaces, Software

• Companies: Auto1, Book a Tiger, Caroobi,

HomeToGo, Quandoo, Optilyz, ShipHawk

• #1 music and media recognition on mobile devices.

• Valued at $1bn+

• Leading search and business intelligence software company.

• Acquired by Oracle in 2011 for $1.1bn

• Leading baby and toddler e-commerce platform in DACH

• IPO in May 2015

• C2B seller of used cars to dealerships using online to acquire inventory

• One of Europe’s fastest growing unicorns

• Valued at over €1bn

DN Capital is a global early stage and growth capital investor in software, mobile applications, digital media,marketplace and e-commerce companies. The firm has operations in London, Berlin and Menlo Park and itsobjectives is to identify, invest in and actively support its portfolio companies to become global leaders.

Portfolio companies include Shazam (the world’s leading mobile app), Auto 1 (world’s largest online used carmarketplace valued at over €1bn), Endeca (sold to Oracle for over $1bn), Apsmart (sold to Thomson Reuters),Datanomic (sold to Oracle), Quandoo (acquired by Recruit Holdings), Mister Spex, OLX (sold to Naspers),Performance Horizon Group, Purplebricks (IPO London) and windeln.de(IPO Frankfurt).The professionals at DN Capital bring over 60 years of private equity experience to their investments, andactively work with portfolio companies to steward their growth through the various stages of development.Additional information about the firm and its portfolio companies can be found at www.dncapital.com

SELECTED PORTFOLIO COMPANIES

Offices London, Menlo Park, Berlin

Founded 2000

Employees 30 (of which 22 in Europe)

Current Fund Size €144m

Use of Debt No

AUM N/a

Target Investment Size €250k - €20m

Target Geographies75% Europe (UK, Germany, France, Nordics)

25% US & ROW

Target Sectors

1) E-commerce; 2) Marketplaces;

3) Digital Media;

4) Enterprise software & Fin Tech; 5) Mobile

Investment Style Active

Deal Structures N/A

Key Investment Criteria Team, Market, Product, Traction and Deal

Website www.dncapital.com

Contact Email [email protected]

Contact Phone 02073401600

KEY CONTACTS

DN Capital

Page 35: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Christian Leybold

• General Partner

• Has led Internet Consumer investments since 2003

and previously worked with management consulting

companies and Research Centers

• Companies: i.a. Farfetch, Auctionata, CityDeal

(Groupon)

• Andreas Haug

• General Partner

• Has started several digital businesses as an

entrepreneur and has invested in startups for more

than 15 years

• Companies: i.a. Deposit Solutions, Sapato (Ozon),

KaufDa (Axel Springer)

Built on a strong and shared culture of entrepreneurship, e.ventures is a venture capital firm with global scale.For more than 15 years, e.ventures has been supporting consumer Internet, media and mobile startups andhelped entrepreneurs build transformative companies. The firm invests out of dedicated funds in the U.S.,Europe, Brazil, China and Japan. e.ventures’ portfolio comprises various disruptive industry leaders such asGroupon, Angie’s List, del.icio.us, Sonos and Farfetch. Operating offices in San Francisco, Hamburg, Berlin, SãoPaulo, Beijing and Tokyo, e.ventures combines a global investment philosophy with the benefits of localknowledge and insights.

SELECTED PORTFOLIO COMPANIES

OfficesSan Francisco, Berlin, Hamburg, Tokyo,

São Paulo, Beijing

Founded 1998

Employees Approx. 30

Current Fund Size $150m

Use of Debt No

AUM $1.2bn

Target Investment Size $500k - $30m

Target Geographies Global

Target Sectors Consumer Internet, Mobile, Digital Media

Investment Style Active

Deal Structures According to a startup‘s needs

Key Investment CriteriaExceptional entrepreneurs with a strong team,

rapid growth, disruptive models

Website www.eventures.vc

Contact Email [email protected]

Contact Phone +49 30 46724977 0

KEY CONTACTS

e.ventures

• Farfetch.com brings together independent fashion boutiques to provide a wide

selection of the most elegant brands and styles

• Deposit Solutions helps investors find the best rates for fixed deposits

• Software that enables companies to match increasing demand for faster web

experiences at scale

Full Portfolio • http://www.eventures.vc/portfolio/

NOAH Partner

Page 36: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Cem Sertoglu

• Partner

• Email: [email protected]

• Prior Founder & CEO Select Minds

• Focusing on technology ventures in Turkey and CEE

• Companies: dcs+, flipps, hazelcast, peak games,

tapu.com, dolap.com, apsiyon

• Vertically integrated platform for moving services

• Banking product for smartphones

• Enterprise-ready, open core, in memory computing software

Full Portfolio • www.earlybird.com

Early Stage Venture, Investments in disruptive digital businesses in Europe.

SELECTED PORTFOLIO COMPANIES

Offices Berlin, Munich, Istanbul

Founded 1997

Employees 35 (of which 35 in Europe)

Current Fund Size €150m

Use of Debt No

AUM €750m

Target Investment Size €500k – €15m

Target Geographies Europe

Target SectorsConsumer and enterprise internet, fin-tech,

marketplaces, SaaS

Investment Style Active

Deal Structures Minority

Key Investment Criteria

Disruptive business models or technologies

with forward looking lock-in in large markets

lead by an outstanding team

Website www.earlybird.com

Contact Email [email protected]

Contact Phone +49 30 46724700

KEY CONTACTS

Earlybird Digital West and East

Page 37: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

Eight Roads is one of the largest venture and growth investors globally, with offices across three continents anda near 50 year history of investing. A strong track record includes investments in Notonthehighstreet, Appsflyer,Wahanda (exited), Innogames (exited), Curam Software (exited), Made.com, Neo4j and More2. The Europeteam focus primarily on scale-up investments in the €5m – €25m range and work closely with their colleaguesacross the globe.

SELECTED PORTFOLIO COMPANIES

OfficesLondon, Hong Kong, Beijing, Shanghai,

Tokyo, Mumbai

Founded 1998

Employees 52 (of which 9 in Europe)

Current Fund Size $250m in Europe

Use of Debt No

AUM Undisclosed

Target Investment Size $5m - $25m

Target Geographies Europe & Israel

Target Sectors Consumer, Enterprise, Fintech/Finserv

Investment Style Active

Deal Structures Flexible

Key Investment CriteriaFast growing entrepreneurs with global

ambitions

Website www.eightroads.com/en

Contact Email [email protected]

Contact Phone +44 (0)20 7074 5613

KEY CONTACTS

Eight Roads

• Made is an online furniture retailer headquartered in London

• Appsflyer is a mobile advertising attribution and analysis platform. Headquartered in

Tel Aviv

• Neo is a NoSQL graph database. Originally founded in Malmo, the company is

currently headquartered in San Francisco

Full Portfolio • eightroads.com/en/ventures/europe

• Michael Treskow

• Partner

• Email:

[email protected]

• Michael joined Eight Roads from Accel London in

2016. Previously he worked for Warburg Pincus in

San Francisco

• Companies: GoCardless, World Remit, Packlink,

Funding Circle (from Accel)

• Asheque Shams

• Associate

• Email:

[email protected]

• Asheque joined Eight Roads in 2014. Previously he

worked in tech investment banking

• Companies: Universal Avenue

Page 38: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Thomas Falk

• CEO

• Fascinated by the opportunities, which technology

paired with the internet offer, Thomas Falk founded

his first company while still in school. Now he counts

as one of Europe’s most successful entrepreneurs

and has a deep executive experience along the whole

digital value chain. Mr. Falk can rely on an extensive

network in the internet technology industry spanning

all of Europe and the US.

The 2nd eValue Fund invests in early stage opportunities in the European digital media market. eValue seesgreat potential in this sector, great performing tech companies and the capacity to be an enormous growthmarket.eValue invests in digital media companies with a strong focus on technology. The firm believe that technologymoves and develops the internet and shifts the digital boundaries we are experiencing today.Europe provides a huge diversity and whole lot of great ideas, in technology, in advertising and other internetconnected business ideas. eValue focuses on this often underserved market and give companies in all Europeancountries, including eastern Europe and Russia a helping hand to grow in their home countries andinternationally.eValue supports companies in A and B rounds of their investment strategies as well as, if we are carried away bya profound and disruptive business idea with seed stage investments.

eValue Group

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

• Tealium is the leader in enterprise tag management and helps organizations increase

marketing agility, reduce tagging costs, and improve site performance

• The Trade Desk is an online demand-side platform that provides buying tools for

digital media buyers.

• Meetrics provides cutting edge solutions to manage online marketing across all

channels

Full Portfolio • www.evalue.de/

Offices Berlin

Founded N/A

Employees 9

Current Fund Size N/A

Use of Debt N/A

AUM N/A

Target Investment Size €500k - €3m

Target Geographies Europe

Target Sectors

Online Marketing and Advertising, Content /

Video, Gaming, Ad Technology, Performance

Marketing, Cloud Services

Investment Style Active

Deal Structures Minority

Key Investment Criteria Geography and sectors

Website www.evalue.de/

Contact Email N/A

Contact Phone N/A

Page 39: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Fabrice Grinda

• Managing Partner & Co-Founder

• Fabrice Grinda is an Internet entrepreneur, angel

investor, student and lover of life, aspiring

Renaissance man and co-founder of OLX, one of the

largest free classifieds sites in the world. He is an

investor in over 200 startups including Uber, Airbnb,

Beepi, Betterment and Palantir. He is an avid skier,

tennis player and kite surfer.

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

FJ Labs

Offices New York

Founded 2015

Employees 16

Current Fund Size N/A

Use of Debt N/A

AUM N/A

Target Investment Size $50k - $5m

Target GeographiesUSA, Germany, UK, France, Spain, Brazil,

Russia, India

Target SectorsMarketplace; ecommerce; travel; utility

software; gaming; data analytics

Investment Style Active

Deal Structures N/A

Key Investment Criteria N/A

Website fjlabs.com

Contact Email N/A

Contact Phone N/A

• Peer to Peer car marketplace

• Mobile wholesale ecommerce

• End-to-End freight forwarding marketplace

Full Portfolio • www.fjlabs.com/portfolio

Founded in 2015, FJ Labs is a New York-based investment firm focused on seed- and early-stage investments.

Page 40: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Germany’s No. 1 online real estate agent

• Leading European online money transfer service provider

SELECTED PORTFOLIO COMPANIES

Offices London

Founded 2008

Employees 8 (of which 8 in Europe)

Current Fund Size €90m

Use of Debt No

AUM €180m

Target Investment Size €2m - €10m

Target Geographies Europe

Target Sectors IT, Digital Media & Resource Efficiency

Investment Style Active

Deal Structures Minority of majority

Key Investment Criteria Generating €3m-€30m of revenue

Website www.frogcapital.com

Contact Email [email protected]

Contact Phone +44 (0)20 7833 0555

KEY CONTACTS

Frog Capital is a leading growth capital investor focused on technology-led businesses in Europe.

Frog’s experienced team has invested in over 100 companies, and in the last six years has exited companieswith a total transaction value over €1 billion.

Frog is a committed long-term partner, investing in ambitious companies with revenue up to €30m and requiringup to €20m of growth capital.

By applying industry knowledge, a network of relationships and operating expertise, Frog actively supportsexceptional company growth and builds significant shareholder value. For further information, pleasevisit www.frogcapital.com.

Frog Capital

• Iyad Omari

• Partner

• Jens Düing

• Principal

• Mike Reid

• Managing Partner

• Joe Krancki

• Partner

Page 41: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Shaun Di Gregorio

• Chief Executive Officer and Founder

• Recognised as a global leader in the online

classifieds arena, Shaun is the founder of Frontier

Digital Ventures, Shaun Di Gregorio is a former CEO

of ASX listed company, iProperty Group, operator of

Asia’s #1 network of property portals

• David Baxby

• Independent, non-executive

Chairman

• Previously: CEO and president at Global Blue, co-

CEO at Virgin Group, Partner at Goldman Sachs

• Owner of Asia’s #1 network of property portal sites

• Leading general classifieds site across four counties in Central America on one

common Spanish language platform

• Leading automotive portal in Morocco

Full Portfolio • http://frontierdv.com/our-portfolio/

Founded in May 2014 and headquartered in Kuala Lumpur, Frontier Digital Ventures is focused on becoming theworld leader in online classifieds businesses in frontier markets. We are experts in the online classifieds spacewith a particular focus on property and automotive verticals and general classifieds websites, and we are proudof our amazing track record in building and supporting great companies.

We love frontier markets and thrive on the excitement and challenge they present as well as the opportunity theyoffer to self-starting entrepreneurs to become effective game changers. We seek out entrepreneurs with integrity,unwavering self-belief in their online classifieds business and extraordinary passion to make it succeed. With theextensive support we offer to them coupled with their own energy and work ethic, Frontier Digital Ventures isbringing outstanding companies of global significance to their full potential and setting a new global standard ofexcellence in the field.

SELECTED PORTFOLIO COMPANIES

Offices Kuala Lumpur

Founded 2014

Employees N/A

Current Fund Size N/A

Use of Debt N/A

AUM N/A

Target Investment Size N/A

Target Geographies Emerging markets

Target Sectors Online classified

Investment Style Active

Deal Structures Minority/Majority

Key Investment Criteria Business and geography

Website http://frontierdv.com/

Contact Email N/A

Contact Phone N/A

KEY CONTACTS

Frontier Ventures

Page 42: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Christoph Gerlinger

• CEO

• Founder and former CEO of Frogster Interactive

Pictures AG, which he took public. Former Head of

German operations Infogrames/Atari. Former CFO of

CDV Software Entertainment.

• External expert for CDU on “Digitalisation”

• Nikolas Samios

• Chief Investment Officer

• Founder and CEO of Cooperativa Venture Services

• Former CEO of Brandenburg Ventures

• SoundCloud

• Delivery Hero

• Mister Spex

Full Portfolio • www.german-startups.com/about-us/#holdings

German Startups Group is an investment company based in Berlin that focuses on young, fast-growingcompanies, so-called startups. The company acquires majority and minority shareholdings mainly by providingventure capital. Its focus is on companies whose products or business models represent a disruptive innovation,allow for a high degree of scalability to be expected, and in which it has a great deal of trust in theentrepreneurial abilities of the founders. Since it commenced with operations in 2012, German Startups Grouphas in its opinion built up a diversified portfolio of investments in young companies and become the second mostactive venture capital investor in Germany since 2012 (CB Insights, Germany Venture Capital Overview).According to German Startups Group, its investment portfolio reflects a cross-section of extremely promisingGerman startups of various maturity stages and includes some of the most successful and best-known Germanstartups.

SELECTED PORTFOLIO COMPANIES

Offices 2

Founded 2012

Employees 18 (of which 18 in Europe)

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment Size €100k – €3m

Target Geographies German-speaking region

Target SectorsE-commerce, software, mobile, FinTech,

German Engineering

Investment Style Active

Deal Structures Control, joint control, minority

Key Investment CriteriaEntrepreneurial talent, scalability, disruptive

potential

Website www.german-startups.com/about-us/

Contact Email [email protected]

Contact Phone +49.30.6098890.80

KEY CONTACTS

German Startups Group Berlin

Page 43: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Alec Rauschenbusch

• CEO

• Email: [email protected]

• Jochen Klueppel

• Partner

• Email: [email protected]

• E-commerce enterprise specialized in the sale of glasses, sunglasses and contacts

• Fastest growing movie community in the world with large properties on facebook,

youtube, and 2 of the leading movie sites: moviepilot.de and moviepilot.com

• The first statistics portal in the world to integrate over 60,000 diverse topics of data

and facts from over 10,000 sources onto a single professional platform

Full Portfolio • www.grazia.com/en/portfolio.html

SELECTED PORTFOLIO COMPANIES

Offices 2

Founded 2000

Employees 5 (of which 5 in Europe)

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment Size €0 - €500k

Target Geographies Germany, USA, GB

Target SectorsInternet, Digital Media, Mobile,

Telecommunication

Investment StyleBoard seats if possible, networking on

demand

Deal Structures N/A

Key Investment CriteriaAttractive market potential + scalability,

significant added value

Website www.grazia.com

Contact Email [email protected]

Contact Phone +49 711 90 710 90

KEY CONTACTS

Grazia Equity, based in Stuttgart and Munich, is one of Europe’s top names in venture capital. Grazia specializesin start-up or early-stage financing for innovative companies with market-changing potential and opportunities forsuperior returns. Our successful track record and expanding global network now enable us to fund selected start-ups elsewhere in Europe as well as in the US.Unlike traditional venture capital companies, Grazia works exclusively with private-sector capital, with noinstitutional funding involved. That gives our portfolio companies all the advantages of speed, flexibility and apragmatic approach. This may sound more typical of a business angel but, at Grazia, we back up agility with thesolid funding and business development expertise you would normally expect of a VC firm. This combination,paired with our uncompromising ethical standards and commitment to sustainability, makes Grazia the idealchoice for businesses early in their life cycle.

Grazia Equity

Page 44: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Avid Larizadeh Duggan

• General Partner

• Previously: co-founded at Boticca (acquired by Wolf &

Badger in 2015), investor team at Accel Partners,

Tellme Networks, eBay, Skype

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Launched as Google Ventures in 2009, GV is the venture capital arm of Alphabet, Inc. They have invested inmore than 300 companies that push the edge of what’s possible. In the fields of life science, healthcare, artificialintelligence, robotics, transportation, cyber security, and agriculture, their companies aim to improve lives andchange industries.

They have built a team of world-class engineers, designers, physicians, scientists, marketers, and investors whowork together to provide these startups exceptional support on the road to success. They help their companiesinterface with Google, providing unique access to the world’s best technology and talent.

GV

OfficesMountain View, San Francisco, New York

City, Cambridge, London

Founded 2009

Employees 82

Current Fund Size N/A

Use of Debt N/A

AUM N/A

Target Investment Size N/A

Target Geographies Global

Target SectorsConsumer, life science and health, data and

AI, enterprise, robotics

Investment Style Active

Deal Structures Minority

Key Investment Criteria N/A

Website gv.com

Contact Email N/A

Contact Phone N/A

• Mobile app connecting passengers with drivers for hire

• Tamr, Inc., catalogs, connects and publishes the underutilized internal and external

data using a combination of machine learning with human guidance so enterprises

can use all their data for analytics

• Team communication application providing services such as real-time messaging,

archiving, and search for modern teams

Full Portfolio • www.gv.com/portfolio/

Page 45: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Alex Eulenburg

• Partner and CFO

• Email: [email protected]

• 12 years TMT investment banking in London and

Hamburg

• PhD in applied physics

• Crowd-based high-end B2B translation services

• Network of voucher code sites in fast growing e-commerce markets

• Market place for second hand designer fashion and accessories

Full Portfolio • www.hanseventures.com/en/portfolio/

SELECTED PORTFOLIO COMPANIES

Offices Hamburg

Founded 2010

Employees 30

Current Fund Size N/A

Use of Debt N/A

AUM N/A

Target Investment Size N/A

Target Geographies Hamburg

Target Sectors Internet & mobile

Investment Style Founding of 2-4 start-ups p.a.

Deal StructuresIncubator model: Straight equity, resources

and infrastructure

Key Investment CriteriaScalable online based concepts, talented

people and good match with Hanse Ventures

Website www.hanseventures.com

Contact Email [email protected]

Contact Phone +49 40 38 66 25 95

KEY CONTACTS

They are an incubator for internet ventures, combining…

• start-up concepts,• talented people seeking to become founders who we scout and train,• skills and resources to accelerate growth (like coding, online marketing, PR and recruitment),• seed funding from their own resources and an extensive network of co-investors

… in order to build great companies.

Hanse Ventures BSJ

Page 46: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Dr. Alex von Frankenberg

• Managing Director

• Email: [email protected]

• Chiara Sommer

• Investment Manager

• Email: [email protected]

• Outfittery takes the pain out of shopping for men by providing the first personal

shopping service for customers, who want to be dressed well, but hate shopping

• Ubermetrics refines and filters public information from online and offline sources to

help companies optimize business decisions and performance

• VMRay’s monitoring and analysis technology utilizes advanced hardware-

virtualization for the analysis of malware, such as regular viruses, worms, trojans,

spyware, but also complex and sophisticated kernel rootkits and bootkits

Full Portfolio • http://high-tech-gruenderfonds.de/en/#network-events

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

High-Tech Gründerfonds (HTGF) is Germany’s most active and leading seed stage investor. We financetechnology-driven companies in the fields of cleantech, robotics, drug development, chemical processes or newsoftware. The fund is focused on investing in small companies (younger than 1 year) with a high level ofinnovation. The company or an independent branch of it is domiciled in Germany. It must be based upon atechnological innovation – significant and close to proof of concept with in-depth technological knowledge andexpertise. The aim is to overcome the gap in early-stage enterprise finance and to enable the firm to obtain riskcapital. Typically, High-Tech Gründerfonds invests EUR 600,000 in the seed stage, with the potential for up to atotal of EUR 2 million per portfolio company in follow-on financing. Investors in this public/private partnershipinclude the Federal Ministry of Economics and Energy, the KfW Banking Group, as well as strategic corporateinvestors. High-Tech Gründerfonds has about EUR 576 million under management in two funds (EUR 272 millionHTGF I, EUR 304 million HTGF II).

High-Tech Gründerfonds

Offices Bonn

Founded 2005

Employees 45 (of which 45 in Europe)

Current Fund Size €576m

Use of Debt No

AUM N/A

Target Investment Size €600k - €2m

Target Geographies Germany

Target Sectors Hardware, Software, Life Science

Investment Style Active

Deal Structures Minority

Key Investment Criteria Seed Funding

Website www.htgf.de/en/

Contact Email [email protected]

Contact Phone +49 228-82300-100

Page 47: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Markus Schunk

• CEO

• Email:

[email protected]

• Joined Holtzbrinck in 2004

• Vast experience in digital media M&A transactions

• Michael Hock

• Managing Director

• Email:

[email protected]

• Holtzbrinck Digital since 2011

• 10+ years experience in VC/M&A

• Heading the Education & Science Investments

• Investment vehicle 100% owned by Holtzbrinck Digital that supports startups in the

space of scientific research technology

• The pioneer and leading global enterprise platform for search experience

optimization, which combines SEO, content, social media, PR & analysis

• The leading German question-and-answer website and among the most popular 20

pages in Germany

Full Portfolio • www.holtzbrinck-digital.com

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Holtzbrinck Digital invests globally in internet businesses in the areas of science, education, content and health.They support entrepreneurs with a long-term vision to build valuable companies in a global environment. Theirexpertise, network and background enables them to support their portfolio companies in reaching the next levelof growth.

Holtzbrinck Digital

Offices Munich, London, Boston

Founded N/A

Employees 15

Current Fund Size Evergreen

Use of Debt No

AUM Not disclosed

Target Investment Size €0.5m – €25m

Target Geographies Germany, UK; US; Global

Target SectorsScience, Education, Content, Health – Only

Internet & Software related

Investment Style Active, Board support

Deal StructuresMinority & majority investments,

Open for syndication

Key Investment CriteriaSegment, Team, Product/Market, Proof-of-

concept

Website www.holtzbrinck-digital.com

Contact Email [email protected]

Contact Phone +49 89 452285100

Page 48: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Europe's largest online fashion company

• Fastest growing European long-distance bus operator

• Fully licensed automated robo-advisor for private wealth management

Full Portfolio • www.holtzbrinck-ventures.com/portfolio

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

“We like to invest at seed stage and quickly provide additional capital at the moment of initial success!”HV Holtzbrinck Ventures has been investing in internet companies for 16 years, primarily during their start-upphase. In this time, Holtzbrinck Ventures has financed over 150 companies, and has established itself as one ofthe most successful venture capital firms in Europe. Past portfolio companies Groupon (IPO), Quandoo(acquired by Recruit), Stylight (acquired by Pro7), Brands4Friends (acquired by Ebay), Parship (acquired byHoltzbrinck Publishing Group), Audible (acquired by Amazon) and many more.

HV Holtzbrinck Ventures

Offices 2

Founded 2000

Employees 17

Current Fund Size €285m

Use of Debt No

AUM €635m

Target Investment Size €500k - €40m

Target Geographies Europe + high growth global markets

Target Sectors Internet / Mobile / Digital

Investment Style Active

Deal Structures Minority

Key Investment CriteriaMulti stage, early-in

Teams focused on execution

Website www.holtzbrinck-ventures.com

Contact Email [email protected]

Contact Phone +49 89 20607751

NOAH Partner

Lars Langusch

General Partner

Lars.langusch@holt

zbrinck.net

David Kuczek

General Partner

david.kuczek@holtz

brinck.net

Martin Weber

General Partner

Martin.weber@hol

tzbrinck.net

Barbod Namini

Principal

Barbod.namini@

holtzbrinck.net

Jasper Masemann

Principal

Jasper.masemann@h

oltzbrinck.net

Nawid Ali-Abbassi

Investment Manager

Nawid.ali-

abbassi@holtzbrinck.

net

Page 49: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Unicorn is a stealth cybersecurity company using machine learning and deep learningalgorithms to detect and prevent cyberattacks

• Missbeez is a mobile on-demand platform that seamlessly connects professionalbeauticians with consumers

• indeni is a proactive IT network management tool, enabling companies to focus ongrowth acceleration rather than network failures

Full Portfolio • https://my.iangels.co/#/browse/startups

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

iAngels is Israel’s leading angel investment network, leveraging best-in-class due diligence to enable accredited

investors around the world to gain access to the most-exclusive early-stage technology deals in the market.

iAngels sources, screens and leads investment rounds, with a focus on early-stage software companies across

multiple verticals.

In addition to managing core assets of $50m, iAngels operates a proprietary software platform, built to convene

and mobilize a global community of thousands of accredited angel investors, investing alongside a close network

of Israel's most prominent angels and VCs.

In less than three years, iAngels has invested in over 60 startups, registered two exits, and built a full-service in-

house investment team, led by founders Mor Assia (SAP Labs, IBM, Amdocs) and Shelly Hod Moyal (Goldman

Sachs, Avenue Capital, UBS).

iAngels

Offices Tel Aviv

Founded 2013

Employees 20

Current Fund Size N/A

Use of Debt Yes

AUM $50m

Target Investment Size $500k - $2m

Target Geographies Israel. US

Target Sectors

Fintech, Enterprise Software, Artificial

Intelligence, Smart Cities, Cyber Security,

IOT, Impact.

Investment Style Active

Deal Structures Minority

Key Investment Criteria Management, Traction, Product, Technology

Website www.iangels.co

Contact Email [email protected]

Contact Phone +972 72-247-8089

• Mor Assia

• Founding Partner

• Email: [email protected]

• https://www.iangels.co/team/mor-assia/

• Shelly Hod Moyal

• Founding Partner

• Email: [email protected]

• https://www.iangels.co/team/shelly-hod-moyal/

Page 50: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

• Souq - Online retailer in the Middle East

• Netshoes - Online platforms for sporting goods

• Lenskart - Online optical store

Full Portfolio • www.ifc.org/vc/portfolio

International Finance Corporation

• Ruzgar Barisik

• Senior Investment Officer

• Email: [email protected]

• Ruzgar Barisik is co-head of IFC’s Consumer

Internet practice and leads the organizations

Venture Capital investments in Europe, Middle East

& North Africa. IFC is the largest international

development institution focused on the private

sector in developing countries, and a part of the

World Bank Group.

Offices 108 offices in 98 countries

Founded 1956

Employees 4,000

Current Fund Size Balance sheet investor

Use of Debt Flexible

AUM $50bn

Target Investment Size $5m - $50m

Target Geographies Global Emerging Markets

Target Sectors Technology and Technology-enabled

Investment Style Active board members

Deal Structures Flexible

Key Investment CriteriaEarly stage to growth equity and Fund LP

investments

Website www.ifc.org/vc

Contact Email [email protected]

Contact Phone +1 202 473 7400

IFC is part of the World Bank Group and the largest global development institution focused on the private sector.IFC’s Venture Capital (VC) group invests in sustainable technology-driven ventures that make an impact inemerging markets, while also realizing strong returns. The goal is to accelerate deployment of innovation inregions that need it the most. IFC VC invests both in local businesses based in emerging markets, as well asincreasingly in US/European companies with business solutions geared towards emerging markets. To date, IFChas invested almost US$1 billion in ventures in Global Internet (including ecommerce), health, education andcleantech.

Page 51: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

• Online car buying service in the Middle East

• General classifieds

• Online restaurant reservations

Full Portfolio • http://imena.com/our-businesses/

iMENA Group

• Dr. Khaldoon Tabaza

• Founder & Managing Director

• Email:

[email protected]

• Kauffman Fellow (Class 15)

• UOJ – Bachelor of Medicine & Surgery

• Companies: Riyada Ventures, Abraaj Group,

Ideavelopers, BYTE Middle East Magazine

Offices 3

Founded 2013

Employees 20

Current Fund Size $50m

Use of Debt N/A

AUM $50m

Target Investment Size More than $1m

Target Geographies Middle East and North Africa

Target Sectors E-commerce, marketplaces, enablements

Investment Style Active

Deal Structures Control, joint control

Key Investment Criteria

Proven technology and business model,

identified addressable market,

strong funding team,

synergies with iMENA portfolio & partners for

value maximization

Website www.imena.com

Contact Email [email protected]

Contact Phone +962 6 5514745

iMENA is a holding company focused on capturing the hyper-growth phase of the online consumer market in theMENA region.

Leveraging its flexibility as a group company, iMENA will invest, build and partner to solve the key problemsfacing online businesses in the MENA region.

Page 52: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

• Adyen is a global omni-channel payment company

• Deliveroo delivers top quality food from premium local restaurants to homes andoffices

• Dropbox is a file sharing and cloud storaging solution

Full Portfolio • www.indexventures.com/companies/a-z

Index Ventures

• Timm Schipporeit

• Principal

• Email (assistant):

[email protected]

• Timm has spent his entire career working in the

European technology sector, having advised tech

companies on more than $20 billion of M&A, IPO

and capital raising transactions – including Adyen,

Alcatel-Lucent, Autotrader, First Data, SAP,

Siemens, Scout24, Supercell, Worldpay, Yandex

and Zalando among others. At Index, Timm focuses

on venture and growth investments in the DACH

region and across Europe.

• Previously: Morgan Stanley

• Companies: Collibra, MyOptique, Pets Deli

Offices London, San Francisco, Geneva

Founded 1996

Employees 58

Current Fund Size$550m (seed and venture)

$700m (growth)

Use of Debt N/A

AUM $5.8bn

Target Investment Size Up from $100k

Target Geographies Global

Target Sectors

Business Services, Communications,

Entertainment, Fashion & Luxury, Fintech,

Healthcare, Infrastructure, Marketing, Retail,

Software, Travel & Leisure

Investment Style Active

Deal Structures N/A

Key Investment Criteria N/A

Website www.indexventures.com

Contact Email N/A

Contact Phone +44 20 7154 2020

Index Ventures is an international venture capital firm that backs the best and most ambitious entrepreneurs inEurope, the US and Israel, across all company stages, from seed to venture to growth. These leaders arebuilding truly transformative companies that are reshaping the world around us, including Adyen, BlaBlaCar,Dropbox, Deliveroo, Dubsmash, King, Squarespace, Sonos, SoundCloud and Supercell – among many others.

Page 53: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

• Largest Sports Nutrition E-Commerce Retailer in Turkey

• Natural and Organic Food Online Retailer

• Location Driven Mobile Technologies

Full Portfolio • http://www.inventures.com.tr/portfolio/

INVENTURES

• Yomi Kastro

• Managing Partner

• Email:

[email protected]

Offices İstanbul

Founded 2009

Employees 4 (4 of them in Turkey)

Current Fund Size $5m

Use of Debt No

AUM $10m

Target Investment Size $100k

Target Geographies İstanbul, London, Tel-Aviv

Target Sectors E-commerce, SaaS, M-commerce

Investment Style Active

Deal Structures Minority with common stock

Key Investment Criteria Bright team, competitive advantage

Website www.inventures.com.tr

Contact Email [email protected]

Contact Phone +90 212 2700546

Inventures is the first and only seed stage investor in Turkey with the ability to secure the technological core ofany founding team. With broad experience and network in the sector, our growth strategies accelerates ourventures in the path to success. We use a four tiered strategy of capital, technology, business development andmentorship in order to provide maximum impact for entrepreneurs.

Page 54: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Sergey Azatyan

• Managing Partner

• Email:

Sergey.Azatyan@inventurepartners.

com

• Inventure Partners since 2012

• Companies: Marshall Capital, MDM Bank

• Anton Inshutin

• Managing Partner

• Email:

[email protected]

om

• Inventure Partners since 2012

• Companies: Morgan Stanley, Deutsche Bank

• Taxi aggregator service allowing smartphone users to book a taxi

• Online tourist agency selling packaged tourist tours via its web-site

• Mobile payment solution allowing users to accept payments through mobile phones

Full Portfolio • www.inventurepartners.com/portfolio/

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Inventure Partners is an innovative investment firm helping inventive entrepreneurs start and grow disruptivetechnology businesses. They look for teams with a novel approach to solving real problems and back a widerange of ventures across technology industry with an emphasis on internet, mobile, software and e-commercesegments. Although, their sweet spot is an investment of $1m - $5m, they are generally flexible on theinvestment size and can back attractive business models both at the earliest stages of their development as wellas at the reasonably late stages.

Offices Moscow

Founded 2012

Employees 8 (of which 8 in Europe)

Current Fund Size $100m

Use of Debt No

AUM $100m

Target Investment Size $1m - $5m

Target Geographies Russia, CIS, Europe, US

Target Sectors

Technology, Internet, Financial Technologies,

Marketing, Digital Media, Mobile,

Telecommunication

Investment Style Board and operational support on demand

Deal Structures Minority

Key Investment CriteriaEstablished business model and rapid growth

potential

Website www.inventurepartners.com

Contact Email [email protected]

Contact Phone +7 495 641 3635

Inventure Partners

Page 55: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Iñaki Arrola

• General Partner

• Email: iñ[email protected]

• 8fit, Blinkfire, Carto, Chicisimo, Deporvillage, Icontainers, Ludei,

Mailtrack, Monkimum, Promofarma, Startupxplore, Wazypark

• Companies: coches.com, Vitamina K

• Carina Szpilka

• General Partner

• Email: [email protected]

• Vitamina K, Fintonic, Monkimun, Yump, Wazypark, Womenalia

• Companies: ING Direct, Abanca, Grifols, Melia

• Ian Noel

• General Partner

• Email: [email protected]

• Wuaki, Toprural, Softonic, Offerum, 11870, emagister,

Medicanimal, Monkimun, Holidog, Ojala.

• Companies: Bonsai Venture Capital, Simbiosis Venture Capital,

Citigroup Investment Banking

K Fund is an early stage VC firm that, with an entrepreneur-centric philosophy, aims to fuel the evolution of theSpanish startup ecosystem by investing in the best and brightest entrepreneurs and tech companies in theregion.

Their target is Seed & Series A investments in Spanish digital companies that think global from day one. Theyare looking forward to co-invest with international growth investors in Series A and Series B deals. K Fund islooking for companies building scalable business models in verticals such as SaaS, mobile and marketplaces.

Their obsession is to support entrepreneurs to accelerate growth with the team of Operating Partners, in areaslike Engineering, Marketing, Operations and Design.

SELECTED PORTFOLIO COMPANIES

Offices Madrid

Founded 2016

Employees 7 (of which 7 in Europe)

Current Fund Size €50m

Use of Debt No

AUM €50m

Target Investment Size €100k - €7.5m

Target Geographies Spain

Target Sectors Marketplaces, SaaS, Mobile.

Investment Style Active

Deal Structures Minority

Key Investment Criteria

Strong management teams; Scalability;

MVP and strong growth in KPIs;

Global mindset

Website kfund.vc

Contact Email [email protected]

Contact Phone +34 630 850 924

KEY CONTACTS

• B2B platform that offers a comparison tool and algorithm for sanitary products that

helps dentists and vets to optimize the purchase of materials and to improve

supplier’s logistics

• B2C renewable energy supplier at a fair price

• Push notifications app of whatever you want

K FUND

Page 56: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

Kite Ventures is a global technology investment company working across stages. Kite investments includeDelivery Hero, Fyber (acquired by RNTS Media), Darberry (acquired by Groupon), Auctionata, Tradeshift,Merchantry, Plated, Monoqi, Made.com and other leading European and US technology companies.

SELECTED PORTFOLIO COMPANIES

Offices London, New York

Founded 2009

Employees 3

Current Fund Size $300m

Use of Debt Yes

AUM $500m

Target Investment Size $1m - $20m

Target Geographies US and Europe

Target Sectors Internet marketplaces, foodtech, proptech

Investment Style Active

Deal Structures Minority

Key Investment Criteria Market size, quality of entrepreneurs

Website www.kiteventures.com

Contact Email [email protected]

Contact Phone N/A

KEY CONTACTS

Kite Ventures

• Edward Shenderovich

• Founding Partner

• Email: [email protected]

• Delivery Hero is the world’s leading online food ordering marketplace

• Tradeshift operates a global supply chain network fully in the cloud.

• Auctionata/Paddle8 is the world’s leading online auction house for art and luxury.

Full Portfolio • www.kiteventures.com

KEY CONTACTS

Page 57: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Matthias Hornberger

• CFO

• Email: [email protected]

• CFO of Kizoo. Part of the senior management team

since the IPO of the AG in 2000. He has a long-

standing experience in the investment sector and a

comprehensive knowledge of typical features of

successful business models on the Internet.

• The market-leading app for online learning makes it easy to access languages from

English to Indonesian either from home, or on the go with a smartphone or tablet.

Babbel combines high-quality courses with modern technology

• Enables any financial institution to easily deliver state-of-the-art banking through its

software-as-a-service cloud solution

• E-recruiting solution that enables organisations to optimise their recruiting process

Full Portfolio • www.kizoo.com/en/

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Kizoo helps young start-up teams grow. We provide seed and early stage financing with a focus on SaaS,Internet & Mobile Services and Social Applications. Apart from their financial resources, they are happy to shareour longtime experience in development, marketing and product management in those markets.

Kizoo is looking for committed entrepreneurial teams with a clear focus to build high growth products.

Kizoo Technology Ventures

Offices Karlsruhe

Founded 2008

Employees 3

Current Fund Size €30m

Use of Debt No

AUM €11m

Target Investment Size Up from €500k

Target Geographies Germany, Europe

Target SectorsSaaS, Internet & Mobile Services,

Social Applications

Investment Style Active

Deal Structures Minority

Key Investment Criteria business model, management team

Website www.kizoo.com

Contact Email [email protected]

Contact Phone +49 721 51600

Page 58: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Herman Kienhuis

• Managing Director (EVP)

• Email: [email protected]

• Managing director at KPN Ventures. MSc Chemical

Engineering (Groningen), MBA (INSEAD). Previously,

worked at McKinsey & Company, and strategy, M&A,

busdev/digital product development, venture capital

at Sanoma (Digital)

• Sjoerd Spanjer

• Investment manager

• Email: [email protected]

• Investment manager at KPN Ventures. MSc Business

Administration, MSc Financial economics (Erasmus

University Rotterdam). Previously M&A at ING

corporate finance, HCF, and White Forest, and

private equity and VC at NEON, and TNT

• SmartGrid and Internet of Things (IoT) enabler

• Cyber security threat intelligence platform for enterprise or MSS customers

• Industrial (ICS/SCADA) cyber security network monitoring solution

Full Portfolio • www.kpnventures.com/portfolio

KPN Ventures is the venturing arm of KPN, The Netherlands’ leading telecom & ICT company. KPN Venturesaims to create value-creating partnership with innovative European technology companies, providing access tocapital, expertise, network and KPN’s customer channels. It focuses on early-stage (series A/B) investments inEuropean technology companies in the segments: Internet of Things, Smart Home, e-Health, Cyber Security,Cloud Computing, Data & Analytics applications and Mobile / OTT services. KPN Ventures has its main office inRotterdam, The Netherlands and has invested in a.o. Actility, EclecticIQ and SecurityMatters.

SELECTED PORTFOLIO COMPANIES

Offices Rotterdam, Amsterdam

Founded 2015

Employees 4 (of which 4 in Europe)

Current Fund Size €70m

Use of Debt No

AUM N/A

Target Investment Size €500k - €2.5m

Target Geographies Europe

Target Sectors

Internet of Things, Connected Home, eHealth,

Cyber Security, Cloud Computing, Data &

Analytics, Mobile/OTT services, Telecom

Investment Style Active

Deal Structures Minority, lead- and co-investments

Key Investment CriteriaCommercial traction (>€40k MRR), Potential

for strategic partnership with KPN

Website www.kpnventures.com

Contact Email [email protected]

Contact Phone +31 70 343 43 43

KEY CONTACTS

KPN Ventures

Page 59: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Spotify is a commercial music streaming, podcast, and video service that provides

digital rights management–protected content from record labels and media

companies

• Oscar is a New York based technology-driven healthcare service and insurance

provider for US citizens. It has been created as a reaction to changes in the US

healthcare environment, commonly known as the “Obamacare” program

• Harry’s business model is to design and produce high-quality razors and shaving

equipment and sell them at a competitive price point despite high-quality design

Other investments

SELECTED PORTFOLIO COMPANIES

Offices Berlin, Zurich, New York, Guernsey

Founded 2012

Employees 14

Current Fund Size €350m

Use of Debt No

AUM €500m

Target Investment SizeEarly Stage: €1m - €10m

Later Stage: More than €10m

Target Geographies US, Europe, Asia

Target SectorsInternet and mobile technology enabled

businesses

Investment Style Active

Deal Structures Minority Shareholder

Key Investment CriteriaOutstanding Teams / Entrepreneurs,

global scale

Website www.lakestar.com

Contact Email via LinkedIn

KEY CONTACTS

Lakestar

Lakestar makes early and growth stage investments in technology-enabled businesses predominantly in Europeand the United States driven by exceptional entrepreneurs. We enjoy investing with a specific focus on businessmodels that can achieve global scale quickly.

Lakestar and its General Partners have historically invested in facebook, Spotify, Skype, airBnB, klarna, andKing.com, and more recent investments include Oscar, Algomi, Teralytics, GoEuro, AngelList, Maker Studios,Taulia and Harry’s.

The Lakestar team is on the ground in Berlin, London, Guernsey, New York City and Zurich.

NOAH Partner

Page 60: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Martin Gedalin

• Partner

• Email: [email protected]

• Founder of Lumia Capital

• Previously Focus Ventures, Oracle, NCR

• Companies: Hired, LeadGenius, EatStreet, Kabbage,

Xtime (acquired by Cox Automotive), OpenDNS

(acquired by Cisco)

• Chris Rogers

• Partner

• Email: [email protected]

• Joined Lumia in 2012

• Previously Co-founder, Nextel Communications,

Head of Corporate Development, Sprint

• Companies: Careem, Pitzi, Hinge, DigitalGenius,

Trocafone

• Kabbage is a next generation financial services company utilizing propriety algorithms

to extend credit to small businesses online. The platform focuses on providing sub

$100K loans to a segment that is undeserved by traditional banks

• Hired is a two-sided marketplace that matches talent, particularly high-skilled tech

talent, with job opportunities. Hired is differentiated by the transparency and relevancy

achieved for both job-seekers and employers

• Careem is an app-based car service focused on serving the broader MENA region.

The app allows users to book cars online and through their mobile devices for

immediate or scheduled pickup using credit card or cash

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Lumia is an expansion-stage VC partnering with leading tech companies in under-invested emerging marketsand forward-thinking US companies targeting these markets to accelerate growth. Lumia employs a hands-onstrategy, working closely with management teams by pairing Silicon Valley insights and contacts with globalknowledge sharing and relationships to propel companies through expansion-stage challenges andopportunities.

Lumia Capital

Offices San Francisco

Founded 2011

Employees 8

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment SizeExpansion Stage: $2m - $20m

Early Stage: $100k - $500k

Target Geographies US, Latin America, EMEA

Target SectorsMobile, Enterprise Cloud, Fintech,

Marketplaces

Investment Style Active

Deal Structures Minority

Key Investment CriteriaExpansion Stage: $10m+ Net Revenue

Early Stage: $1m Net Revenue

Website www.lumiacapital.com

Contact Email [email protected]

Contact Phone N/A

Page 61: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Douglas Russel

• Managing Director

• Email:

[email protected]

• Mr. Russell has served as Managing Director of

MassMutual Ventures, since its formation

• Previously: CFO, CIO, Senior VP of strategy and

corporate development at MassMutual’s retirement

income unit; Senior VP of cleint services at

Prudential Retirement; Senior VP of corporate

insurance unit at CIGNA; CFO at Aetna

International

MassMutual Ventures LLC (MMV) is a $100 million corporate venture capital firm with the mandate to backstartups and entrepreneurial businesses whose technologies have the potential to transform MassMutual’s coreinsurance, retirement and asset management businesses.

SELECTED PORTFOLIO COMPANIES

Offices Boston

Founded 2014

Employees 4 (investor team)

Current Fund Size $100m

Use of Debt No

AUM $100m

Target Investment Size N/A

Target Geographies North America

Target SectorsFinTech, data analytics, cybersecurity,

digital health, enterprise software

Investment Style Active

Deal Structures Minority or Majority

Key Investment CriteriaBusiness model with the ability to transform

the insurance and investments services

Website www.massmutualventures.com/

Contact Email N/A

Contact Phone N/A

KEY CONTACTS

MassMutual Ventures

• US equity trading venue owned exclusively by buy-side investors, including mutual

funds, hedge funds, and family offices

• Digital Guardian is a next generation data protection platform designed to stop data

theft. The DG platform performs across the corporate network, traditional endpoints,

mobile devices and cloud applications to make it easier to see and stop all threats

• Tamr, Inc., catalogs, connects and publishes the underutilized internal and external

data using a combination of machine learning with human guidance so enterprises

can use all their data for analytics

Full Portfolio • www.massmutualventures.com/

Page 62: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Tomasz Czechowicz

• Managing Partner, Founder

• Email: [email protected]

• Chief Investment Officer

• Sylwester Janik

• Partner

• Email: [email protected]

• MCI.TechVentures Fund Manager

• Companies: Auctionata, iZettle, Azimo, Invia.

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

MCI Capital

Offices Warsaw

Founded 1999

Employees 30 (of which 30 in Europe)

Current Fund Size $580m

Use of Debt Yes

AUM $625m

Target Investment Size $10m - $25m

Target GeographiesEurope

(CEE, Turkey, Israel, DACH, Scandinavia)

Target Sectors Fintech, e-commerce, marketplaces

Investment Style Active

Deal Structures Mixed

Key Investment Criteria Markets and ticket size

Website www.mci.eu

Contact Email [email protected]

Contact Phone +48 694400787

• ATM - Polish company founded in 1994. The leader of the data center market with an extensive

fiber optic infrastructure. It operates in two segments: the segment of data center services and

telecommunications services. Listed on the Warsaw Stock Exchange since 2004

• Leader of the market of on-demand transport services and a major global B2B player

• Established in 2010, Gett (previosly: Gettaxi) largest and fastest-growing company offering

professional passenger transport services outside the USA. It is the fastest growing market player

in the United Kingdom and a strong leader in Russia (the largest European market) and Israel

• Number one provider of mobile payment services and apps in Europe and Latin America. From

card readers for smartphones and tablets to cash registers, sales tools and cash advances, all of

iZettle’s solutions are simple to set-up, super secure and designed to help small businesses grow.

Founded in 2010 with headquarters in Stockholm, iZettle is now available in 11 countries globally

Full Portfolio • mci.pl/en/portfolio

MCI Capital - European Leading Growth Capital Firm With Passion for Digital Transformation, based in Warsaw,Poland.Within the Group, there are currently 5 funds, including: MCI.TechVentures and MCI.EuroVentures. MCI Capitalis working with companies that disrupt old economy models: fintech, e-commerce, marketplaces, IoT, SaaS, e-travel.

The firm has over 15 years of experience in the market, with a track record of IRR over 23%. In that time, theyhave realized over 30 exits. Currently, 50% of the portfolio is located outside our origin market – Poland.MCI Capital is present in companies across Europe; from London to Moscow, and from Stockholm to Tel Aviv.The latest milestone exit was INVIA; from 2008 to 2016 MCI Capital has built a regional champion in e-travel andrealized 46% IRR on the investment.

Page 63: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Raphael Strauch

• Managing Partner

• Email: [email protected]

• Before founding Nova Founders Capital, Raphael

worked as a Global Partner at Rocket Internet and as

Managing Director at Groupon in Asia. Prior to this,

Raphael was in Investment Banking at Goldman Sachs and Lazard in London and Frankfurt

• Mads Faurholt-Jorgensen

• Managing Partner

• Email: [email protected]

• Before founding Nova Founders Capital, Mads

worked as a Global Partner at Rocket Internet and

Managing Director at Groupon in Asia. Prior to this,

Mads was a Management Consultant at McKinsey and an Analyst with the Private Equity Fund DanKap.

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Nova Founders Capital

Offices Hong Kong, London

Founded 2012

Employees 30

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment Size $100k - $30m

Target Geographies Global

Target Sectors Financial Services

Investment Style Long-term value adding investor

Deal Structures Minority and majority

Key Investment CriteriaGreat founders, right DNA, scalable and

sustainable

Website www.novafounders.com

Contact Email [email protected]

Contact Phone +85225678890

• Backed by ACE & Company, Mark Pincus, and Seier Capital amongst others,

CompareEuropeGroup is Europe’s fastest-growing financial comparison platform, with

a presence in 5 countries in Europe

• Backed by Goldman Sachs and Jardine Pacific amongst others, CompareAsiaGroup

is Asia’s fastest-growing financial comparison platform, with a presence in 8 countries

in Asia

• EdirectInsure Group operates leading online insurance platforms in Asia, offering

consumers an alternative to buy non-life insurance direct versus through brokers and

agents

Full Portfolio • www.novafounders.com/portfolio

Nova Founders Capital builds and invests in sustainable large-scale business models with a strong emphasis onthe fintech sector. They are very disciplined company builders and investors and understand how to efficientlygrow companies. The firm believes value can only be created through a rigorous focus on execution, operationalexcellence and constant innovation. Nova Founders Capital provides companies with the continuous financialand operational support they need to be successful.

Page 64: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Jean-Marc Patouillaud

• Managing Partner

• Email: [email protected]

• Prior experience: Finovelec (Partner), iom

• Engineering graduate (Supelec) and MBA (HEC Paris)

• Bruno Cremel

• Partner

• Email: [email protected]

• Omri Benayoun

• Partner

• Email: [email protected]

• Internet of things data network infrastructure and operator

• Largest european video adserver

• Menswear fashion ecommerce site

Full Portfolio • www.partechventures.com/portfolio

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Partech Ventures is a venture capital firm based in San Francisco, Paris and Berlin. Started in 1982, the firm is apartnership with $650 million under active management.The mission is to help outstanding entrepreneurs to succeed in a global economy. They look for companies witha substantial technology or innovation leverage, both in IT and Digital. They manage seed and venture funds,allowing themselves to invest from $250,000 to $10 million in the early institutional rounds of high growthcompanies. They believe in the unique transatlantic model of the firm. For them, long term success is based onbeing extremely open, proactive and supportive to the entrepreneurs. In 2014, Partech Ventures has beennominated the first non-American fund by the Private Equity Intelligence (Preqin) and ranked as the 7th bestworldwide venture capital fund.

Partech Ventures

Offices Paris , Berlin, San Francisco

Founded 1982

Employees

Omri Benayoun, Philippe Collombel, Bruno

Crémel, Nicolas El Baze, Romain Lavault,

Gabriel Matuschka, Mark Menell, Jean-Marc

Patouillaud

Current Fund Size $200m

Use of Debt No

AUM $650m

Target Investment Size Seed, earl-stage, growth stage

Target Geographies US and Europe

Target Sectors IT & Digital

Investment Style Active

Deal Structures Joint control, minority

Key Investment Criteria N/A

Website www.partechventures.com

Contact Email [email protected]

Contact Phone +33 1 53 65 65 53

Page 65: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Andrin Bachmann

• Partner

• Email:

[email protected]

• Instrumental investor in QXL Ricardo

• Co-founder Glocalnet of (Swedish telco)

• Companies: Auto1, FanDuel, DaWanda, DocPlanner,

Videdressing, etc.

• Natasha Ratanshi

• Principal

• Email:

[email protected]

• 2+ Years at Piton Capital, Previously M&A at

Goldman Sachs

Piton Capital is a venture capital and growth equity firm based in London. It focuses on investments in onlinecompanies with network effects, such as marketplaces and exchanges. Its founding partners have deepentrepreneurial and investment experience, and have been instrumental investors in Betfair and QXL Ricardo,amongst others. Piton’s current portfolio includes companies such as Auto1, Fanduel, DaWanda, RedBubble,Watchfinder, BullionVault, Watchfinder, and docplanner.

SELECTED PORTFOLIO COMPANIES

Offices London

Founded 2010

Employees 6 (of which 6 in Europe)

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment Size €200k - €20m

Target Geographies Worldwide

Target Sectors Any

Investment Style Active

Deal Structures Any

Key Investment Criteria Online companies with network effects

Website www.pitoncap.com

Contact Email [email protected]

Contact Phone +44 (0) 207 408 0451

KEY CONTACTS

• FanDuel is the leading daily fantasy sports platform in the US

• AUTO1.com is an end-to-end marketplace for used cars

• Watchfinder is the leading end-to-end marketplace for second-hand watches

• Redbubble is an online marketplace where people can shop for lifestyle products featuring work

from independent artists and designers worldwide

• DocPlanner enables patients to find great, local physicians online and book an appointment

• DaWanda is the leading online marketplace for unique and handmade

Full Portfolio • www.pitoncap.com/portfolio/

Piton Capital

Page 66: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Sake Bosh

• Managing Partner

[email protected]

• Sake Bosch is a founder and Managing Partner of

Prime Ventures as of 1999

• Sake is involved in 4C, Civolution, Dealerdirect,

Digital Origin, Forcare, Greetz, MarkaVIP, SaaSPlaza

and Takeaway.com

• Roel de Hoop

• Partner

[email protected]

• Roel is a Partner at Prime Ventures as of 1999

• Companies: Bright Computing, Falcon Social,

Mendix, GenKey and Applift

• Mendix enables business change by helping companies rapidly develop, deploy and

integrate business apps at a fraction of the time and cost

• With Takeaway.com hungry consumers can order their favourite takeaway food on

the company’s websites or through its mobile applications

• Through its mobile games marketing platform, AppLift helps mobile game advertisers

acquire loyal, quality gaming users at scale on a CPI basis

Full Portfolio • www.primeventures.com/portfolio_companies/

Prime Ventures is a leading venture capital and growth equity firm focusing on investing in European companiesin the technology and related industries and leverages its capital, experience and network to actively guide theminto global category leaders. The firm has invested in companies in the Benelux countries, the United Kingdom,France, Germany, Spain, Finland and Sweden. From its offices in The Netherlands and the UK the independentpartnership manages over €465m in committed capital.

SELECTED PORTFOLIO COMPANIES

Offices Amsterdam, Cambridge

Founded 1999

Employees 9 (of which 9 in Europe)

Current Fund Size €170m

Use of Debt Yes

AUM €465m

Target Investment Size €5m - €25m

Target Geographies Europe

Target Sectors

Consumer internet, digital media, enterprise

software, mobile computing, communications,

infrastructure services, semiconductor

Investment Style Active support (board membership)

Deal Structures Sizable minority stake

Key Investment CriteriaFast growing European tech companies with

the first proof points of success

Website www.primeventures.com/

Contact Email [email protected]

Contact Phone +44 (0) 20 7766 6900

KEY CONTACTS

Prime Ventures

Page 67: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Thies Sander

• Founding Partner

• Email: [email protected]

• Former CEO of TopTarif.de, Head of Strategy Office

at Adidas, Principal at The Boston Consulting Group

(Berlin/New York). Msc. WHU/Kellogg (Chicago),

ESC Reims

• Holger Witte

• Director Investor Relations

• Email: [email protected]

• Former Investment Manager Online at Bauer Media

Group, Consultant at The Boston Consulting Group,

Ernst & Young and Arthur Andersen, Founder of

Intabid.com. MBA Columbia Business School

• Catawiki is a worldwide online auction house which unites buyers

and sellers of exceptional items and collectibles in a unique fashion

• International online money transfer service with low fees and guaranteed exchange

rates

• nu3 – your nutrition expert – is an ecommerce platform for nutrition and dietary

supplements with strong focus on vertical integration

Full Portfolio • http://www.project-a.com/portfolio/

Project A Ventures is a Berlin-based early-stage investor and operational VC in the digital technology space.With financial support and operational expertise, Project A helps startups to build up competences in key areassuch as IT, Performance Marketing, Business Intelligence and Organization Building, and thus contributes totheir sustainable success.

We mainly invest in founder-led businesses and focus on business models for which our experts-know-how andtools offer a competitive edge and allow the businesses to grow and scale faster. The underlying hypothesis is tomitigate the risk of early stage investing through professional execution.

SELECTED PORTFOLIO COMPANIES

Offices Berlin

Founded 2012

Employees 90+

Current Fund Size €140m

Use of Debt No

AUM €200m+

Target Investment Size €500k - €10m (over various round)

Target Geographies Europe

Target SectorsMarketplaces/Ecommerce, Digital

Infrastructure/Adtech, SaaS, Digital Health

Investment Style Active / Operational VC

Deal Structures Everything is possible

Key Investment Criteria

Strong fit with our target sectors,

i.e. business models where our experts and

tools offer a competitive advantage

Website http://www.project-a.com/

Contact Email [email protected]

Contact Phone +49 30 340 606 300

KEY CONTACTS

Project A Ventures

Page 68: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Jakob Pranter

• Manager Strategy & Operations

• Email: [email protected]

• Joined P7S1 Accelerator in 2013

• Companies: SevenOne Capital, Minds + Machines,

Grameen Bank, LVMH

• www.linkedin.com/in/jakobpranter

• Peter Lauerbach

• Strategy & Operations

• Email: [email protected]

• Joined P7S1 Accelerator in 2015

• Companies: OptioPay, Dr. Wieselhuber & Partner,

BMW Group, The Walt Disney Company, Escada SE

• www.linkedin.com/in/peterlauerbach

• Digital insurance broker

• Auto service protection and mobility guarantee (ADAC 2.0)

• Healthy and ready-to-eat food delivery service (sous-vide preparation)

Full Portfolio • www.p7s1accelerator.com/en/portfolio

The ProSiebenSat.1 Accelerator is ProSiebenSat.1 Group's early-stage investment. The Accelerator offers start-ups the whole platform and market reach (over 42m. households in DACH region) of ProSiebenSat.1 Group andand operational and strategic support via its network of mentors. Start-ups receive 500,000 EUR in TV mediavolume, 25,000 EUR funding via a convertible note.

SELECTED PORTFOLIO COMPANIES

Offices Berlin, Munich

Founded 2013

Employees 4 (of which 4 in Europe)

Current Fund Size N/A

Use of Debt Yes (Convertible)

AUM N/A

Target Investment Size Less than €500k

Target Geographies DACH, UK, CEE

Target Sectors B2C

Investment Style Active

Deal StructuresConvertible Loan,

Direct Equity

Key Investment CriteriaConsumer / brand focus, first market proof

delivered, strong founding team

Website www.p7s1accelerator.com

Contact Email [email protected]

Contact Phone +4915144165651

KEY CONTACTS

ProSiebenSat.1 Accelerator

Page 69: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

Rebate Networks

Rebate Networks GmbH is one of the leading operators and investors of local e-commerce platforms with

unbeatable online deals. The company founds and invests in innovative enterprises all over the world, such as

lashou.com in China, dailydeal.de in Germany or kuponvilag.hu in Hungary.

Operated from its headquarters in Berlin Germany, Rebate Networks develops global marketing and technology

strategies for an international network of high-tech e-commerce startups. Thereby the company successfully

combines revolutionary ideas, profitable business models as well as latest trends, and exports them to fast-

growing markets worldwide (to this date to more than 30 countries). Rebate Networks was founded by its CEO

Michael Brehm and chairman Stefan Glänzer in 2010.

Offices Berlin

Founded 2010

Employees N/A

Current Fund Size N/A

Use of Debt N/A

AUM N/A

Target Investment Size N/A

Target Geographies Global

Target Sectors E-commerce

Investment Style Active

Deal Structures N/A

Key Investment Criteria E-commerce business

Website www.rebatenetworks.com

Contact Email [email protected]

Contact Phone +49 (0)30 275 904-87

SELECTED PORTFOLIO COMPANIES

• Online marketplace that allows people to buy and share deals on the best things to do

in their cities and beyond

• Location-based, social commerce platform for web-based and mobile users in China

• Largest dailydeal company in Hungary

Full Portfolio

KEY CONTACTS

• Michael Brehm

• Co-Founder & CEO

• Co-Founder and managing director (CEO) of Rebate

Networks.

• Previously: executive director at VZ Netzwerke

• Thomas Baum

• Managing Director & CFO

• Managing director (CFO) of Rebate Networks

• Previously: Executive director at VZ Netwerke; CFO

and Co-Founder of yousmile.de AG and Mentasys

GmbH; CFO and executive board member of Jon

GmbH & Co

Page 70: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Philipp Hartmann

• Managing Partner

• Email:

[email protected]

• Graduate of EBS Business School, University of

Sidney and UADE (Argentina)

• Previously: Deutsche Bank, EY, Jampa, Sportme,

Madvertise

• Dr. Tobias Johann

• Managing Director

• Email:

[email protected]

• Doctoral researcher, EBS Business School

• Previously: Sportme, Customer Alliance

• Board member of Liferando, Rebuy, and Schutzklick

& Itembase

The professional co-founder Rheingau Founders GmbH was founded by Rheingau Ventures and MountainPartners in May 2011 and is located in Kreuzberg, Berlin’s most traditional scene district. The founders Dr.Tobias Johann, Philipp Hartmann, Kai Hansen and their team support extern founder teams of online- andmobile- startups, especially as a professional partner in the b2b sector. The «Rheingau-Boys» not only providethe first and following financing rounds with up to €2.75m, they even work operational as co-founder with theventures, which are located in the so-called Rheingau Campus at Berlin Oranienplatz for the first two years oftheir foundation phase. By specializing in only 2-3 ventures per year and with the focus on the creation of newinternational business models, Rheingau Founders are able to maintain their high level of quality by this boutiqueapproach. Following their co-founder approach, Rheingau Founders actively accompany founders at eye level –with the aim of a sustainable and trustful partnership.

SELECTED PORTFOLIO COMPANIES

Offices Berlin

Founded 2011

Employees 10

Current Fund Size €30m

Use of Debt No

AUM €130m

Target Investment Size €250k - €2.75m

Target Geographies Germany

Target SectorsInternet

(Marketplaces, InsuranceTech, e-health, B2B)

Investment Style Active

Deal Structures Minority

Key Investment Criteria Team, Early Stage, USP, Market Potential

Website www.rheingau-founders.com

Contact Email [email protected]

Contact Phone +49 30 695 358 00

KEY CONTACTS

Rheingau Founders

• Liferando is one of Germany’s largest online food ordering platform for B2C and B2B

in term of variety with more than 10k delivery services

• Through partnership with insurance companies, Schutzklick offers product insurance

online with only a few clicks integrated directly into the checkout process

• Brings medicine online. Based on self-learning medical engine opearting on big data

patients, Medlanes gets fast and affordable access to online consultations validated

by qualified doctors

Full Portfolio • http://www.rheingau-founders.com/portfolio/

Page 71: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Food subscription company that sends pre-portioned ingredients to users’ doorstep

each week

• Network of online food ordering sites with over 73,000 restaurant partners worldwide

• Europe’s largest online furniture store

Full Portfolio • https://www.rocket-internet.com/companies

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Rocket Internet is an Internet platform that identifies and builds proven internet business models and transfers

them to new, underserved or untapped markets where it seeks to scale them into market leading online

companies.

The platform is focused on proven online business models that satisfy basic consumer needs across four

sectors: e-Commerce, Marketplaces, Financial Technology and Travel. It has more than 36,000 employees

across its network of companies which operate in more than 110 countries on six continents.

Rocket Internet was founded in Berlin, Germany, in 2007.

Rocket Internet

Offices Berlin

Founded 2007

Employees 1,496

Current Fund Size$420m

(Rocket Internet Capital Partners Fund)

Use of Debt N/A

AUM$420m

(Rocket Internet Capital Partners Fund)

Target Investment Size N/A

Target Geographies Global (excl. China and US)

Target SectorsFood & Groceries, Fashion, General

Merchandise, Home & Living, Travel

Investment Style Active

Deal Structures Minority or Majority

Key Investment Criteria Proven online business models

Website www.rocket-internet.com

Contact Email [email protected]

Contact Phone +49 30 300 13 18-00

• Oliver Samwer

• Founder & CEO

• Alexander Kudlich

• Managing Director

Page 72: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Europe’s most modern and entirely smartphone-based current account

• Art. Everywhere. Online Shop for Art, Apparel and Accessories

• The first fully digitalised insurance brokeR

Full Portfolio • www.redalpine.com/portfolio/

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Redalpine provides Venture Capital to highly scalable European start-ups. The mission is to help talented

entrepreneurs turn an ambitious vision into reality by providing money, experience, coaching and door opening.

Redalpine was established in 2007 by a group of successful serial entrepreneurs, business angels and start-up

coaches. Since the mid-eighties, they have co-founded and supported some of the most disruptive and

successful European high-tech start-up companies, including Xing, SoundCloud and Plazes. The two funds

currently in operation have invested in over 30 companies active within the ICT and life science sectors.

Redalpine Venture Partners AG

Offices Zurich

Founded 2007

Employees 8 (of which 8 in Europe)

Current Fund Size CHF 100m

Use of Debt No

AUM CHF 150m

Target Investment Size CHF 500k - 2m

Target GeographiesEurope

(with focus on Switzerland and Germany)

Target Sectors ICT, Life Sciences

Investment Style Active

Deal Structures Minority

Key Investment CriteriaEarly stage, highly scalable

technology/product, convincing founders

Website www.redalpine.com/

Contact Email [email protected]

Contact Phone +41 44 271 15 30

• Peter Niederhauser

• Founder, Partner

• Email:

[email protected]

• Serial entrepreneur since 1986, co-founder of Miracle

Software, Business Angel

• Companies: Number26, Juniqe, Knip, InSphero,

Trekksoft

• Michael Sidler

• Founder, Partner

[email protected]

• PhD in Life Sciences, Consultant at Boston

Consulting group, Business developer at Prionics,

CTI- startup coach

• Companies: Redbiotec, Biognosys, Malcisbo, Onsite-

Lab (Medmira)

Page 73: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Michael Brehm

• Partner

• Email: [email protected]

• Michael is a serial tech entrepreneur and founder of

Rebate Networks. He was Managing Director of

German social networking site studiVZ.

• Companies: Atheneum Partners, Kreditech, KaufDA,

Brand4friends,Amiando, DailyDeal

• Videesha Kunkulagunta

• Principal

• Email: [email protected]

• Videesha is a passionate angel investor and digital

policy fellow of the German Marshall Fund, former

London based VC and EIR @TalkTalk PLC.

• Companies: MoBerries, Rise Technologies

• World‘s leading experts, empowering new business decisions. Last fundraise €10m

• Flexperto builds the central interface between your company and the customers

• Inventorum’s software enables small retailers to manage their offline and online

businesses by supporting daily processes

Full Portfolio • www.redstone.vc

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Redstone is a Berlin based Venture Capital firm. They work with industry leaders activating their capital,knowledge and network enabling entrepreneurs to grow their businesses.

Redstone believes in transparent and fast communication between the funds we manage and the start-ups theysupport. Working with the investors the firm enables entrepreneurs to access additional valued servicesalongside any capital investment.

The approach involves investing from several funds simultaneously to support our vision to invest globally atevery stage and in every sector

Redstone Digital

Offices Berlin

Founded 2014

Employees 14 (of which 11 in Europe)

Current Fund Size Managing 6 different funds

Use of Debt When applicable

AUM Managing 6 different funds

Target Investment Size Stage Agnostic

Target Geographies Europe

Target SectorsB2B, Fintech, Cybersecurity

Data, IoT, SaaS, AI

Investment Style Active

Deal Structures Minority

Key Investment Criteria Top team, €500k - €2m

Website www.redstone.vc

Contact Email [email protected]

Contact Phone +49 30 27590487

Page 74: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Michael Hecker

• Partner

• Email: [email protected]

• Previously worked as a Venture Investor in Berlin

(e.g. MeinFernbus/Flixbus, High-Mobility), he was VP

for Strategy and Member of the Management board

at JSFC Sistema and VP for Strategy, M&A and

Corporate Development and Member of the

Management Board of MTS GroupCompanies

• Benno Jering

• Principal

• Email: [email protected]

• Previously worked with two boutique tech investment

banks in London and Credit Suisse’s TMT Investment

Banking team

Redline’s funds originate from Mr. Vladimir Evtushenkov, the majority shareholder and principal founder ofSistema, listed on the London Stock Exchange. Sistema is one of Russia’s largest publicly listed investmentcompanies and has been investing in various technology segments for over twenty years. Sistema is the majorityshareholder of Mobile TeleSystems (MTS), listed on the NYSE. MTS is the leading telecommunications group inRussia, Central and Eastern Europe, offering mobile and fixed voice, broadband, pay TV as well as content andentertainment services. MTS services over 100 million mobile subscribers. In addition, through its many portfoliocompanies Sistema also holds leading positions in a range of other sectors, including Media, Radio, Security,Microelectronics, Healthcare, Retail, Pharmaceuticals, and Transportation. Sistema has a long history ofstrategic partnerships with global companies such as Deutsche Telekom, Allianz and Philips.

Redline is looking to back strong management teams, to buy into their vision and strategy, and lend its supportthrough all stages of their development

SELECTED PORTFOLIO COMPANIES

Offices London, Luxembourg

Founded N/A

Employees N/A

Current Fund Size €350m

Use of Debt No

AUM €350m

Target Investment Size Series A onwards

Target Geographies Europe, North America and Israel

Target Sectors Technology

Investment Style N/A

Deal StructuresMinority, with and without board

representation

Key Investment CriteriaTeam, IP, growth track record,

market potential

Website www.redline-capital.com

Contact Email N/A

Contact Phone N/A

KEY CONTACTS

(exited to eBay)

Redline Capital

Page 75: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Tony Askew

• General Partner

• Email:

[email protected]

• Tony has over twenty five years experience of

building and financing digital media and technology

businesses. He was a founding partner of REV in

2000 and focuses on digital media, Internet and big

data & technology investments.

• Kevin Brown

• General Partner

• Email:

[email protected]

• Kevin has been involved in early stage technology &

venture capital since the late nineties, first as an

entrepreneur & then as an investor. He was a

founding partner of REV in 2000.

REV is a global venture capital partnership. We are backed by one of the world's largest content, technology andanalytics companies, RELX Group.

Our mission is to help build companies that can transform their markets through the application of data,technology and analytics. Since 2000 we have invested over $200m in Big Data, Digital Health, Internet andEnterprise Technology companies. We have been early investors in disruptive category leaders like Palantir,Healthline, Babbel and Netli.

SELECTED PORTFOLIO COMPANIES

Offices London

Founded 2000

Employees 5 (of which 5 in Europe)

Current Fund Size $100m

Use of Debt N/A

AUM More than $200m

Target Investment Size $1m - $10m

Target Geographies North America, Europe, Israel

Target SectorsBig Data, Healthcare IT, Deep Technology,

Internet & Media

Investment Style Active

Deal Structures Minority

Key Investment Criteria

Outstanding management team,

Sizeable market opportunity,

Customer traction

Website www.rev.vc

Contact Email [email protected]

Contact Phone +44 (0) 20 7166 5665

KEY CONTACTS

REV Venture Partners

• Online language learning

• Big data pèlatform for ingesting, processing and analysing massive volumes, greater

velocities and wider varieties of data in real time

• Provider of patient intelligence based on the collection and analysis of massive

amounts of patients-written health experiences

Full Portfolio • http://rev.vc/page_id16/

Page 76: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Alexander Pavlov

• Investment Partner

[email protected]

• Joined ru-Net in 2008

• Companies: Dawanda, Esky, GFH

Founded in 1999 in Moscow, Russia and initially best known for its early stage investment in Yandex.ru (YNDX)and OZON.ru, ru-Net currently supports over 30 active portfolio investments across Russia, India, SEA andEurope.

Our strategy is to find leading high-growth companies disrupting the market and work closely with the teams tohelp with necessary aspects of growing the company – fund-raising, recruiting and business expansion.

We use a flexible investment approach with investments both in early and growth stage companies with differentcheck sizes depending on the company needs.

SELECTED PORTFOLIO COMPANIES

Offices Moscow

Founded 1999

Employees8 investment professionals

(of which 4 in Europe)

Current Fund Size $700m

Use of Debt No

AUM Not Disclosed

Target Investment Size $1m - $30m

Target Geographies Europe, India, SEA, Russia

Target SectorsMarketplace, eCommerce, mobile,

entertainment, social

Investment Style Active

Deal Structures Minority

Key Investment CriteriaEarly or growth disruptive tech companies

backed by top-tier teams

Website http://ru-net.ru/

Contact Email [email protected]

Contact Phone N/A

KEY CONTACTS

ru-Net

Europe • DeliveryHero, Dawanda, Auctionata, Made.com

India • Snapdeal, Freecharge, AppsDaily

Russia • OZON, IVI, Esky, Mamsy

Full Portfolio • http://ru-net.ru/

Page 77: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Stuart Paterson

• Partner

• Email: [email protected]

• A founding Partner of SEP, Stuart has been investing

in technology companies for almost 20 years. He

focuses on investment opportunities in software,

internet and digital media.

• Companies: Babbel, Mister Spex, Peppermint

Technology, SportPursuit

• Martin Brennan

• Principal

• Email: [email protected]

• Martin has a particular interest in investment

opportunities in innovative e-commerce and

information technology businesses.

• Companies: Pulsant, Audiense, SportPursuit

• The world’s travel search engine. Over 50 million people use Skyscanner each month

to find flights, hotels and car hire and the Skyscanner app has been downloaded over

40 million times. The company has 800 employees worldwide

• The world’s most innovative education company. More than 1 million customers use

Babbel for online language learning and its products cover 8,500 hours of content in

14 languages. Babbel has a team of more than 450 people in Berlin and New York

• Car finance provider Zuto is pne of the UK’s fastest growing companies. Zuto has

developed software that matches up car buyers and loan providers. It’s platform now

attracts 400,000 monthly visitors and the company has over 350 employees

Full Portfolio • www.sep.co.uk/companies/

Scottish Equity Partners (SEP) is the venture capital firm behind some of Europe's most exciting technologybusinesses. We are active and supportive long term investors and help management teams to build greatcompanies. Our investments include Skyscanner, the world’s leading independent travel search company, MisterSpex, Europe’s leading online eyewear company, Matchesfashion.com, a luxury omni-channel fashion retailer,data center business Pulsant, online language learning leader Babbel, sports apparel and equipmentecommerce retailer SportPursuit and online car finance provider Zuto.

We make equity investments of up to £20m in growth stage technology companies and have 20 years’experience of highly-effective collaboration with entrepreneurs, building valuable companies and realizing exitambitions. Our team is knowledgeable, well-connected and skilled in supporting growing companies across arange of sectors, having invested in over 150 businesses and secured over 110 exits.

SELECTED PORTFOLIO COMPANIES

Offices London, Glasgow, Edinburgh

Founded 2000

Employees 44 (of which 44 in Europe)

Current Fund Size £200m

Use of Debt No

AUM £620m

Target Investment Size £5m - £20m

Target Geographies UK, Ireland, Europe

Target Sectors

Internet and consumer services, software and

cloud, IT services, healthcare IT, energy

efficiency

Investment Style Active

Deal Structures Minority, replacement, MBO

Key Investment CriteriaEquity for growth stage technology

companies

Website www.sep.co.uk

Contact Email [email protected]

Contact Phone +44 (0)207 758 5900

KEY CONTACTS

Scottish Equity Partners (SEP)

Page 78: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Beatriz González

• Founder & Managing Partner

• Email:

[email protected]

• +12 years working in the private equity industry

• Previously: head of the Telefonica’s pension fund,

Darby Overseas, Excel Partners, Morgan Stanley,

Qarana, Member of ILPA

• Michael Kleindl

• Founder & Managing Partner

• Email:

[email protected]

• +10 years successfully investing as business angel

• Previously: co-founder and CEO of AdLINK

• Companies: Smartclip Latam, Crossinx, Payco,

Mediasmart, Bodeboca, Hi Media

Seaya Ventures is a Spanish venture fund investing in (late) early/growth stage internet and technology-enabledbusinesses in Spain, Latin America, and Europe. The fund seeks to transform early and growth stage companiesinto categoy leaders. Being entreprenerus ourselves, we look for innovative businesses that can build a lastingvalue. We empower outstanding teams and help them navigate from (late) early and growth stages into rapidgrowth and sustainable profitability.

SELECTED PORTFOLIO COMPANIES

Offices Madrid

Founded 2013

Employees 6 (of which 6 in Europe)

Current Fund Size €57m

Use of Debt No

AUM €57m

Target Investment Size €5m

Target Geographies Spain and Latin America

Target Sectors

Marketplace, consumer internet & media,

consumer mobile, enterprise and consumer

software & services, SaaS, digital marketing,

payment for internet & mobile

Investment Style Active

Deal Structures Sizeable equity investments

Key Investment Criteria

Selected deals, proven business models,

companies in need of expansion or

growth capital

Website http://seayaventures.com/

Contact Email [email protected]

Contact Phone +34 91 110 86 97

KEY CONTACTS

Seaya Ventures

• DIY ticketing platform for Spanish speaking countries

• Digital marketing technology and services to SMEs

• Web and mobile app that enables users to request high-end cars with chaffeurs

Full Portfolio • http://seayaventures.com/portfolio/

Page 79: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Markus Grundmann

• Partner

• Email: [email protected]

• MSc Business Informatics, MBA, software

development, management consulting

• Companies: Falcon.io, tado, Dedrone

• Alexander Buchberger

• Partner

• Email: [email protected]

• PhD Business Administration, business development,

sales & marketing

• Companies: Shore, Veact, Riskmethods

• CRM for SMBs

• Customer Management, Online Booking, Mobile, Marketing, Payments and Apps

• Marketing Automation for Automobile Sector

• Online and offline campaign management

• Supply Chain Risk Management

• Map, monitor and manage global supply chain risks

Full Portfolio • www.senovo.vc/en/portfolio

Senovo focuses on early stage B2B SaaS investments. The firm funds outstanding entrepreneurs and teamsbuilding world class products, and generally get involved soon after product launch, during the Series A. Thetypical investment size is €300k - €1m, with reserves to support the team in later rounds.Whether Senovo leads or co-invests with a partner, they believe it is beneficial for startups to havecomplimentary investors and usually syndicate the investments. So the rounds are typically €2m - €5minvestment in total.They are a small team with backgrounds in business, law, computer science and physics, and the aim is toprovide entrepreneurs with full-stack support. Senovo believes that startups are a team effort, that data fuelsgreat products, and that fast iterations are superior to big-bang releases. The firm views venture capital as aproduct for entrepreneurs, and work with you through the ups and downs.

SELECTED PORTFOLIO COMPANIES

Offices Munich

Founded 2011

Employees 4 (of which 4 in Europe)

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment Size €300k - €1m (€2m - €5m investment round)

Target Geographies Europe

Target Sectors B2B SaaS

Investment Style Active

Deal Structures Minority

Key Investment Criteria Product launched, initial traction

Website www.senovo.vc

Contact Email [email protected]

Contact Phone +49 (0) 89 416 176 258

KEY CONTACTS

Senovo

Page 80: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Wolfgang Krause

• Venture Partner

• Email:

[email protected]

• MBA and PhD degree from University of Munich

• 15 years experience in the information and telecom

industry, both in business development functions and

as an early stage investor

• Companies: Payleven, Testbirds, From A to B,

Webdata

• Enables businesses to accept mobile payments with all major credit cards on their

smartphone and tablet.

• Tesbirds provides mobile apps and websites crowdtesting (bug and usability testing).

• Customers are able to compare and book trains, flights, long distance buses and ride

shares in one search.

Full Portfolio • http://www.seventure.fr/en/our-team/wolfgang-krause-venture-partner

Seventure Partners finance innovation and participate in the entrepreneurial adventure alongside ourentrepreneurs. We share their passion to succeed. Established in 1997, Seventure Partners is a key player inEuropean venture capital with more than €600m under management. As an active partner of French andEuropean technology firms with strong growth potential, we finance the development of innovative companies.Seventure is an established European lead investor. With more than twenty employees, including about fifteen inthe investment team, Seventure Partners has demonstrable in-depth expertise in many areas of technology,entrepreneurship, fund raising and corporate finance. Seventure has built an impressive investment track recordover more than 10 years. The team has completed over 50 exits, 15 of which were IPOs. Seventure Partnerssupports wealth creation and technological development in Europe: our active support has enabled the creationof over 3500 jobs directly.

SELECTED PORTFOLIO COMPANIES

Offices Paris, Munich

Founded 1997

Employees 25 (of which 25 in Europe)

Current Fund Size N/A

Use of Debt No

AUM €600m

Target Investment Size €1m - €5m

Target Geographies Germany

Target Sectors Fintech, SaaS, innovative services

Investment Style Active/Passive

Deal Structures Control, joint control, minority, etc.

Key Investment Criteria Proven business model (no seed investment)

Website http://www.seventure.fr/en

Contact Email [email protected]

Contact Phone +49 89 87 80 68 6-0

KEY CONTACTS

Seventure Partners

Page 81: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Market leader in the field of home food delivery services

• Shopping app for smartphones and tablets that offers customers rewards for

walking into stores

• Online subscription fashion retailer that carries selections of shoes, handbags,

jewelry and denim.

Full Portfolio • http://www.sevenventures.de/en/portfolio-en

SevenVentures is the leading TV media investor worldwide. As the investment arm of the ProSiebenSat.1 Group,SevenVentures is the ideal partner for fast-growing B2C companies, particularly in the consumer goods, retail,and services sector, with the potential to achieve sustainable success through the use of TV advertising. Theexample of Zalando has shown how a company can rapidly become a market leader or familiar brand.

SevenVentures also supports companies seeking international growth with media power, capital, and all theother services of the ProSiebenSat.1 Group. Together with the group network consisting of leading Europeanmedia companies, they always find the right path to growth.

SELECTED PORTFOLIO COMPANIES

Offices Munich, New York

Founded 2009

Employees 33

Current Fund Size Balance Sheet Investor

Use of Debt No

AUM Not disclosed

Target Investment Size €5m - €50m (Cash & Media)

Target GeographiesWorldwide

(Companies entering the German market)

Target Sectors B2C

Investment Style Active & Passive

Deal Structures Minority

Key Investment Criteria B2C, Scalable, clear way to monetarization

Website www.sevenventures.de

Contact Email [email protected]

Contact Phone +49 (0) 89/95 07 8699

KEY CONTACTS

SevenVentures

• Sascha van Holt

• CEO & Head of Investment

Management

• Email:

[email protected]

• CEO of SevenVentures and head of the investment

business since its foundation in 2011. Previously he

worked as an investment professional for a top tier

private equity firm. Earlier assignments include

corporate positions and entrepreneurial work.

Page 82: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Jon Lerner

• Managing Director

• Email:

[email protected]

• Bain & Company, Senior Consultant 2004-2008

• Smedvig Capital 2008 -

• Companies: Mediamorph, Captify, Quill & The Smart

Cube

• Robert Toms

• Managing Director

• Email:

[email protected]

• Bain & Company, Manager, 1992-1998

• Jardine’s Motor Group, Strategic Development

Director, 1998-2001

• Smedvig Capital 1998-

• Companies: PPC, Mediamorph, MyHomeMove, KCT

• Captify is the global pioneer of Search Intelligence and one of the fastest growing

advertising technology businesses in the Industry.

• MyHomeMove is the UK’s leading provider of mover conveyancing services.

• Antidote is leading an urgent, collaborative effort to advance medical research and

transform the way people connect to it through clinical trials.

Full Portfolio • http://www.smedvigcapital.com/portfolio/

Smedvig Capital was founded in 1996 and has invested over £500M of internal capital. We invest £2-15M in fastgrowing UK based businesses across many industries, with a focus on those that are technology enabled. We‘rea team with a shared passion for working with entrepreneurs. An investor who takes as much interest in yourbusiness as you do. We believe in getting deeply involved with the businesses we work with to thoroughlyunderstand their dynamics, culture and most importantly, people.

SELECTED PORTFOLIO COMPANIES

Offices London

Founded 1996

Employees 11 (of which 11 in Europe)

Current Fund Size £140m

Use of Debt No

AUM £350m

Target Investment Size £2m – £15m

Target Geographies UK & Nordics

Target Sectors Tech/Tech Enabled

Investment Style Active

Deal Structures Lead investor, Development Capital

Key Investment Criteria Generating a run rate revenue of £1m

Website www.smedvigcapital.com

Contact Email [email protected]

Contact Phone 02074512100

KEY CONTACTS

Smedvig Capital

Page 83: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Franz Salzmann

• Partner

• Companies: Bikemap, FinanceFox

• They introduce subscribers to exciting spirits from around the world with a monthly

tasting pack of five different drinks. Customers learn about unique brands, and can

then purchase full bottles from Flaviar’s online store.

• Next Generation Live Streaming Platform for Gamers. Hitbox enables Real Time

Interaction around Live Video and features the lowest video stream delay between

broadcaster and viewer - down to 2 seconds.

• TourRadar is the world’s trusted online marketplace to compare and book group

travel, with its headquarters in Vienna and regional service centers in Sydney and

San Francisco.

Full Portfolio • http://speedinvest.com/portfolio/

Speedinvest lays its focus on European early stage technology. Besides financial investments, the fund activelydeploys its network and know-how to support its portfolio companies in their everyday challenges, offeringoperational resources and business development in the US. Speedinvest’s office in Silicon Valley supportsportfolio companies entering the US market.

SELECTED PORTFOLIO COMPANIES

Offices Vienna, Silicon Valley

Founded 2011

Employees 14 (of which 12 in Europe)

Current Fund Size €60m

Use of Debt No

AUM €70m

Target Investment Size €200k - €500k

Target Geographies DACH & CEE

Target SectorsDigital, Mobile, Core Technologies, Fintech

B2B & B2C

Investment Style Active

Deal Structures Significant minority

Key Investment Criteria Seed Stage, First Traction, MVP

Website http://speedinvest.com

Contact Email [email protected]

Contact Phone +43 660 7725445

KEY CONTACTS

SpeedInvest

Page 84: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• The curated online marketplace for antiques, fine art, collectibles and vintage luxury.

• The global payment processing business providing internet and mobile based inter-

country consumer money transfer services.

• A hyper-local mobile marketplace for buying and selling secondhand goods.

Full Portfolio • http://taventures.vc/portfolio

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

TA Ventures

Offices Kiev

Founded 2010

Employees 7 (of which 7 in Europe)

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment Size $100k - $1m

Target Geographies Global

Target Sectors Tech, Fintech, Digital Health, Marketplaces

Investment Style Passive

Deal Structures Minority

Key Investment Criteria Team, innovative product, scalability

Website http://taventures.vc

Contact Email [email protected]

Contact Phone N/A

TA Ventures has been supporting great tech companies since 2010. It has been privileged to invest inAuctionata, Azimo, Beepi, Dreamlines, FinanzCheck, NU3, SumUp, Wallapop and many other successfulcompanies. So far, TA Ventures has backed 97 startups and have achieved 22 exits.

TA Ventures focuses on investing in seed and Series A deals, and can write bigger checks at a later stage aswell. The Company invests globally, though majority of its investments are in the US and Europe (Germany, UKand Ukraine). TA Ventures core investment areas are fintech, digital health, Big Data, SaaS, and onlinemarketplaces. However, we also invest across sectors.

• Viktoriya Tigipko

• Founding Partner

• Email: [email protected]

• Founding Partner of TA Ventures. President of the

Odessa International Film Festival, one of the biggest

audience film festivals in Eastern Europe.

• Igor Semenov

• Partner

• Email: [email protected]

• Igor Semenov has more than 15 years of experience

in venture capital business.

Page 85: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Darktrace is one of the world’s fastest-growing cyber threat defence companies and the leader in

Enterprise Immune System technology. Some of the world’s largest corporations rely on

Darktrace’s self-learning appliance and have an experienced team of leading machine learning

specialists and government intelligence experts

• Iwoca is an award winning FinTech company providing instant loans to online retailers to improve

their working capital. It can help online sellers in the UK sell more by financing their growth based

on annual sales and customer feedback scores, factors that a traditional lender won’t consider

• Onfido delivers next-generation identity verification and background checks, helping its 1,000+

clients worldwide onboard more users and reduce fraud. Powered by machine-learning

technology, Onfido is a fast and simple way for businesses to verify identities and run adverse

history searches such as Criminal or Anti-Money Laundering Checks

Full Portfolio • http://www.taliscapital.com/dv_portfolio

Talis Capital is a London based venture capital firm, focused on B2B technology companies within three keyareas: Security, Business Intelligence (mainly sold as SaaS) and Financial Services. Talis Capital has completedover $350m of transactions since 2009.

SELECTED PORTFOLIO COMPANIES

Offices 1

Founded 2009

Employees 10 (of which 10 in Europe)

Current Fund Size Open mandate

Use of Debt Yes

AUM $200m+

Target Investment Size $1m - $10m

Target Geographies In Digital - Any

Target SectorsB2B - Security, Business Intelligence (mainly

sold as SaaS) and Financial Services

Investment Style Active

Deal Structures Minority

Key Investment Criteria http://www.taliscapital.com/digital_ventures

Website www.taliscapital.com

Contact Email [email protected]

Contact Phone +44 203 542 6260

KEY CONTACTS

Talis Capital

• Vasile Foca

• Co-Founder & Managing Partner

• Email:

[email protected]

• Vasile is a co-founder & managing partner of Talis Capital and has been

active in building and investing in companies for over 19 years. Vasile’s

entrepreneurial career began by co-founding INTRESCO Ltd and

Ukraine Capital Partners. Vasile is very active with the management of

all our portfolio companies and provides hands-on board support.

• Companies: Darktrace, Onfido, Iwoca, Clicktale, CensorNet, Navmii,

FuelQuest, Avalara, C3

• Matus Maar

• Co-Founder & Partner

• Email:

[email protected]

• Matus is a co-founder & partner at Talis Capital. Matus is both

experienced entrepreneur and private equity / venture capital investor.

Co-founder of two successful VC backed technology companies Pirate

Studios and Threads. As an investor he led or closed over 40 private

equity or venture capital deals.

• Companies: Darktrace, Reevoo, Onfido, Iwoca, Clicktale, Navmii,

bd4Travel, FuelQuest, Avalara, C3, Utelly, CensorNet, BamX, LoyaltyBay

Page 86: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Largest global provider of online and mobile food ordering technology

• Operating in 33 countries, with 3,000 employees globally

• “The easiest way to your favorite food”

• Insurance broker app, allowing users to manage all insurances through one tool

• Offices in Germany and Switzerland, planning to expand further

• “The insurance consultant for your back pocket”

• Europe’s leading online marketplace for car trading with its own inventory

• Operating in more than 20 countries with more than 15000 active partner dealers

• “Designed by dealers for dealers”

Full Portfolio • www.targetglobal.vc/portfolio/

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Target Global

Offices Berlin, Moscow, Tel Aviv, San Francisco

Founded 2012

Employees 15 (of which 12 in Europe)

Current Fund Size $300m

Use of Debt Yes

AUM $350m

Target Investment Size $5m - $30m

Target Geographies Europe, Israel, US

Target SectorsB2C and B2 SMB companies in e-commerce,

fintech, travel, software, mobile

Investment Style Active

Deal Structures Minority

Key Investment CriteriaDigital transformation,

scalable international businesses

Website www.targetglobal.vc

Contact Email [email protected]

Contact Phone +49 30 6098 3777 0

Target Global is an international VC firm with over $300 million in assets under management and offices inBerlin, Moscow, Tel Aviv and San Francisco. The company invests in fast-growing digital-enabled businessesoperating in B2C and B2 SMB markets.

The growth fund invests in Series B and later stage companies (both primary and secondary), with an investmentrange of $5 - 30m. The seed stage fund invests in late seed and early Series A rounds, with an investment rangeof $200 - 500k.

Target Global prides itself on the ability to be fast and flexible, with a focus on helping innovative businessesscale and expand globally. Since 2012 they have invested in more than 20 leading companies including DeliveryHero, Blue Apron, Dreamlines and Prosper.

• Yaron Valler

• Partner

• Email:

[email protected]

• Alex Frolov

• Partner

• Email:

[email protected]

• Shmuel Chafets

• Partner

• Email:

[email protected]

• Mike Lobanov

• Partner

• Email:

[email protected]

NOAH Partner

Page 87: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Dr. Michael Münnix

• Partner

• Email: [email protected]

• Software-Engineer, Entrepreneur, PhD in Physics

• Companies: Adsquare, Datapath.io, Swarm64, Senic

• Dr. Berthold von Freyberg

• Partner

• Email: [email protected]

• Software-Engineer, Manager at Microsoft, TVM

Capital, PhD in Physics

• Companies: Instana, Simplaex, So1, Suitepad, TIS,

et al

• adjust is a mobile app tracking and analytics company that provides app businesses

of all sizes with a comprehensive business intelligence platform

• tado° makes a smart home climate control system for consumers. The company’s

solution increases the operating efficiency of home and apartment heating systems by

up to 30 percent

• Falcon.io provides a SaaS software platform which allows marketing departments to

Create, Launch and Measure social media campaigns in real time across multiple

social media types

Full Portfolio • www.targetpartners.de/en/#companies

Target Partners invests in young technology companies in Germany, Austria and Switzerland. Through thepersonal commitment, a global network and the deep experience as entrepreneurs, managers and venturecapital investors, the company supports you in building a great company.The partners of Target Partners have years of collective experience as successful managers, entrepreneurs andventure capital investors in Europe and the USA.The partners of Target Partners founded or led companies themselves, developed or sold technology productsthemselves. They have seen numerous companies through to IPO and beyond. They understand the challengesan entrepreneur faces and that the road to success often isn't simple and straight.Both in Europe and the USA Target Partners has a large network in industry and venture capital. The companyopens doors for you to customers, business partners, experienced managers and financial markets. TargetPartners support you in business development and in international expansion.

SELECTED PORTFOLIO COMPANIES

Offices Munich

Founded 1999

Employees 8 (of which 8 in Europe)

Current Fund Size €68m

Use of Debt No

AUM €300m

Target Investment Size €500k – €4m

Target Geographies German-speaking countries

Target Sectors B2B, SaaS, Infrastructure, Hardware

Investment Style Active

Deal Structures Minority

Key Investment Criteria Disruptive technologies

Website www.targetpartners.de

Contact Email [email protected]

Contact Phone +49 89 2070490

KEY CONTACTS

Target Partners

Page 88: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Stefano Guidotti

• Founder and CEO

• Email: [email protected]

• Founded U-Start in 2013 and grew it till becoming the

largest investors club in Italy

• Vittorio Mauri

• Partner

• Email: [email protected]

• Partner in U-Start since 2013, background in

consulting

• Outfittery is a personal shopping service for men, disrupting menswear online retail

with a next generation commerce based on technology.

• AirHelp is an online legal service that helps air passengers get compensation from

airlines when their flight gets cancelled, delayed or overbooked

• Secret Escapes is an exclusive members-only travel club offering discounted rates on

luxury hand-picked hotels

Full Portfolio • http://www.u-start.biz/companies.html

U-Start is a professional firm structuring club deals through a club of Italian and Swiss private investors workingalongside VC funds in series A to C rounds in digital and tech companies across Europe, Israel and US.

We drive venture capital investments for a wide array of private investors - family offices, high-net-worthindividuals, business angels – thanks to the U-Start Club, a leading elite group of investors with a deep passionfor innovation and venture investments.

SELECTED PORTFOLIO COMPANIES

Offices Milan

Founded 2013

Employees 8 (of which 8 in Europe)

Current Fund Size N/A

Use of Debt Yes

AUM N/A

Target Investment Size €500k – €5m

Target Geographies Europe, Israel, US

Target Sectors Digital

Investment Style N/A

Deal Structures Minority

Key Investment Criteria Team, scalability, market, investment context

Website www.u-start.biz

Contact Email [email protected]

Contact Phone +39 346 25 21 643

KEY CONTACTS

U-Start

Page 89: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Pay-by-phone parking company that facilitates parking and payments for cities,

operators and motorists

• PIM (Product Information Management) for omni-channel B2B and B2C

• Online apparel retailer focusing on women between ages 25 and 40

Full Portfolio • www.verdanecapital.com/holdings

Verdane Capital IX seeks to invest in growth companies in Northern Europe, active in the consumer internet,software, energy and advanced industrial technology sectors. The fund has the flexibility to invest in either acomplete portfolio, parts of a portfolio or a single company

The team seeks to thoroughly understand the opportunities and challenges facing each business and to workalongside management to develop structured growth and development plans. The team has deep sectorknowledge and networks, along with broad ownership experience from over 300 companies acquired since 2003.

Verdane IX is backed by international blue-chip investors, with a strong appetite for co-investment, meaningthere is ample capital available to fund large deals.

SELECTED PORTFOLIO COMPANIES

Offices Oslo, Stockholm and Helsinki

Founded 1985

Employees 24 (of which 24 in Europe)

Current Fund Size Skr 3bn (€310m)

Use of Debt No

AUM €900m

Target Investment Size €5m to €50m

Target Geographies Northern Europe

Target SectorsConsumer Internet, Software, Energy and

Advanced Industrial technology

Investment Style Active

Deal Structures Minority, control and joint control

Key Investment Criteria High growth potential and technology-enabled

Website www.verdanecapital.com/

Contact Email [email protected]

Contact Phone+46 8 407 4200

KEY CONTACTS

Verdane Capital IX

• Henrik Aspén

• Partner

• Email: [email protected]

• Companies: EasyPark, Eleven, Smava and previously

Codenomicon

• Pål Malmros

• Partner

• Email: [email protected]

• Companies: eBuilder, inRiver, Newscycle and Trivec

• Staffan Mörndal

• Partner

• Email: [email protected]

• Companies: Boozt, Caliroots, Mathem, Liaison and MM

Sports

Page 90: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Vito Ventures is a new early stage Venture Capital fund investing in the fields of the Internet of Things,Enterprise- and Energy-Tech with no geographical limitation. Based in Munich and following the fundamentalvalues of German engineering, Vito Ventures backs rigorous executors and creative visionaries buildingtransformative business models. By leveraging its industrial investor base, Vito Ventures helps entrepreneurs getaccess to extensive resources and deep technological domain expertise.

Offices Munich

Founded 2015

Employees 4 (of which 4 in Europe)

Current Fund Size N/A

Use of Debt No

AUM N/A

Target Investment Size €300k - €3m (in rounds up to €10m)

Target Geographies Global

Target SectorsIoT (B2B, B2C), Enterprise Tech,

Energy Tech

Investment Style Passive

Deal Structures Minority

Key Investment CriteriaProven product market fit,

Globally scalable product

Website www.vito.vc

Contact Email [email protected]

Contact Phone N/A

Vito Ventures

• Dr. Benedikt Herles

• Managing Partner

• e.ventures Investment Team

• Previously: Consultant at Bain & Company

• Dr. rer. pol. EBS University Wiesbaden

• Dipl. economics. LMU München

• Herbert Mangesius

• Associate

• Researcher in network and mathematical systems

theory, TU München, UC Louvain

• Dipl. Ing. Mechanical engineering, TU München,

École Polytechnique Paris. Hrs MA Technology

Management, CDTM

• Wirepas offers a unique de-centralized radio communications protocol that can be

used in any device, with any radio chip and on any radio band. It provides the most

reliable, optimized, scalable and easy to use device connectivity for its customers

• Service Partner ONE is the first digital service partner for innovative office

management. Since its establishment in spring 2015, the company has been

developing customized solutions for modern work in the office

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KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Dirk Meurer

• Managing Director

• Email: [email protected]

• Founding partner of Vorwerk Ventures; more than 20

years of international investment experience

• Companies: HelloFresh, JUNIQE, Neato Robotics,

MeinAuto, Gestigon, Vaniday

• International meal kit delivery brand

• European marketplace for curtated art

• International online retailer for fashion & lifestyle products at the best price

Full Portfolio • corporate.vorwerk.de/vorwerk-ventures/en/portfolio/

Vorwerk Ventures is an investment vehicle of the Vorwerk Group. Its investment approach focuses on fastgrowing companies with direct-to-consumer business models. The corporate venture capital arm makes globalinvestments and holds shares in companies in Europe and the US.

SELECTED PORTFOLIO COMPANIES

Offices Wuppertal (Germany)

Founded 2008

Employees 4 (of which 4 in Europe)

Current Fund Size not disclosed

Use of Debt Yes

AUM not disclosed

Target Investment Size €1m - €10m

Target Geographies Focus on Europe

Target Sectors direct to consumer

Investment Style passive

Deal Structures joint control, minority

Key Investment CriteriaTeam; ecommerce & social commerce;

proven concept; sizeable market; scalability

Website www.vorwerk-ventures.de

Contact Email [email protected]

Contact Phone +49-202-564 1923

KEY CONTACTS

Vorwerk Ventures

Page 92: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Mobile Video advertising platform

Yeahmobi is an intelligent mobile advertising platform designed to help mobile technology companies reachglobal growth, acquire active users and monetize inventory. It is the flagship brand of eClick Worldwide NetworkTechnology co. Ltd. headquartered in China, with offices in India, Japan, US and Germany.

Based on Yeahmobi’s global marketing network, we are seeking to invest in and merge with growing andprofitable companies, which are active in the global mobile marketing field, as well as advertising technology anddigital media companies having significant synergy with Yeahmobi’s business.

SELECTED PORTFOLIO COMPANIES

Offices China, India, Japan, US, Germany

Founded 2011

Employees 350 (of which 5 in Europe)

Current Fund Size $300m

Use of Debt Yes

AUM $300m

Target Investment Size $20-500m

Target Geographies Global

Target Sectors Digital Media and Internet

Investment Style Active

Deal Structures Control and minority

Key Investment Criteria Growth and profitability

Website N/A

Contact Email N/A

Contact Phone N/A

KEY CONTACTS

Yeahmobi

• Michael Levin

• MD and M&A Director, EMEA

• Email: [email protected]

• Vivian Zhang

• Investment Manager

• Email: [email protected]

Page 93: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Marieke Christmann

• Investment Manager

• Marieke joined Zouk’s Growth Capital team in 2014.

She draws on 5 years of experience in investment

banking and private equity.

• Companies: ip.access, The Mobility House, Huddle

• Huddle is a secure cloud collaboration service that enables enterprise and

government organizations worldwide to securely store, access, share, sync and work

on files with everyone they need to

• iZettle is a payment acceptance company that was started in 2011. iZettle’s products

offer an easy way for micro and nano-merchants to accept card payments where they

have previously not been able to due to high charges

• SIGFOX is the premier provider of dedicated cellular connectivity for Internet of

Things and Machine-to-Machine communications

Full Portfolio • www.zouk.com/technology-portfolio

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Zouk Capital invests in the clean and efficient economy. The distinctive dual track strategy of managing bothGrowth Capital and Infrastructure funds capitalizes on the wide spectrum of investment opportunities created bythe global shift to greater resource efficiency. The ambition is to build resource efficient companies and cleaninfrastructure assets that generate economic and sustainable value.

The specialist team of 17 investment professionals has unrivalled expertise and sector know-how. Network,transparency and operational experience are at the core of all the relationships with investors and portfoliocompanies.

Zouk Capital has been a pioneering investors in this sector since making the first clean investment in 2000. TodayZouk has €600 million under management and is one of the most established and active managers in the sector.

Zouk Capital

Offices London

Founded 2000

Employees 17

Current Fund Size €230m

Use of Debt N/A

AUM More than €600m

Target Investment Size N/A

Target Geographies Europe, Middle East, Africa

Target Sectors IT technologies

Investment Style Active

Deal Structures N/A

Key Investment Criteria

Commercially proven product;

revenue between €10m and €150m;

positioned to scale

Website www.zouk.com/home

Contact Email N/A

Contact Phone N/A

Page 94: NOAH16 London Investor Book

INVESTOR BOOK

GROWTH

Page 95: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

ALSTIN

Alternative Strategic Investments

Offices Munich

Founded 2011

Employees 5 - 10

Current Fund Size €200m

Use of Debt No

AUM N/A

Target Investment Size €2m - €50m

Target Geographies Germany, Austria, Switzerland

Target SectorsTechnology / Internet,

Life Science / Health Care

Investment Style Active

Deal Structures Minority equity investments

Key Investment Criteria

Leading technology / unique know-how,

products and services already established in

the marketplace (proof-of-concept) / no start-

ups, skilled and motivated management team

Website www.alstin.de

Contact Email N/A

Contact Phone +49 151 180 26540

• Online booking platform for limousine rides

• E-commerce retailer for vitamins and nutritional supplements

• Provider of cash register software for the gastronomy

Full Portfolio • www.alstin.de

ALSTIN is a growth equity fund that combines customized support in sales, marketing & corporate managementwith the provision of growth capital. We pursue minority equity investments in innovative, fast-growing companiesthat operate in the sectors “Technology / Internet” and “Life Sciences / Health Care”, already achieved proof-of-concept, and are based in German-speaking regions. To fuel growth and increase the value of our portfoliocompanies, ALSTIN’s experienced entrepreneur and sales authority Carsten Maschmeyer, its well-attunedinvestment team as well as experts of the Maschmeyer Group provide unique, tailor-made growth support forportfolio companies through strategic sparring and mentoring, particularly in the fields of sales, marketing &corporate management. ALSTIN only considers growth stage opportunities and does not focus on restructuringcases, project financings or start-ups (seed-stage investments).

• Dr. Jörg Goschin

• CEO, Managing Director

• Email: [email protected]

• Worked at: Blackstone, Cerberus Capital

Management, BNP Paribas, Boston Consulting

Group, Bankhaus Metzler seel. Sohn

• Education: PhD. In Business Engineering (TU

Darmstadt)

Page 96: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Bridgepoint

Offices 10 officies worldwide

Founded 1984

Employees 126 (of which 118 in Europe)

Current Fund Size €13bn

Use of Debt N/A

AUM €20bn

Target Investment SizeBuyouts: €75m - €400m

Development Capital: €10m - €75m

Target Geographies Mainly Europe

Target Sectors

Manufacturing & industrial, Healthcare,

Business Services, Consumer,

Media & Technology, Financial Services

Investment Style Active

Deal Structures Minority

Key Investment Criteria

Potential to grow through expansion across

borders, operational improvement, refocusing

of strategies, add-on acquisitions

Website www.bridgepoint.eu/

Contact Email [email protected]

Contact Phone+33 (0) 1 70 22 53 00 (Paris)

+44 (0) 20 7034 3500 (London)

• Infinitas Learning is a leading pan European educational publisher providing primary,

secondary and higher vocational educational material, content and services to 90,000

schools in six European countries.

• eFront is a specialist software provider of financial solutions for managing alternative

investments. Founded in 1999, the Paris headquartered company serves more than

700 customers and 100,000 users in 48 countries.

• The Azzurri Group is a casual dining restaurant group comprising the well know

Italian-inspired restaurants, ASK Italian and Zizzi and Coco di Mama, a fast growing

Italian-themed quick service food and coffee concept.

Full Portfolio • www.bridgepoint.eu/en/investment-portfolio/

Bridgepoint is a leading European middle market private equity firm with over €20 billion of committed funds todate from a world class investor base. Since 2000 it has completed €25.7 billion of transactions starting from€10.4 billion invested. The main investment focus is on established, market-leading companies valued up to €1billion that combine market leadership, diversification, brand strength, quality of products or services and first-rate management. Additionally the second fund, Bridgepoint Development Capital, is particularly dedicated toinvestments in companies valued up to €150 million. The company focuses on 6 principal sectors: businessservices, consumer, financial services, healthcare, manufacturing & industrials and media & technology.

• Xavier Robert

• Partner

• Xavier is a Partner and works out of the London/Paris

offices. He is responsible for Bridgepoint's Media &

Technology team and joined the Firm in 1998

• Previously: Total, Esrnst & Young, Ecole des Mines

• Companies: Calypso, eFront

Page 97: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• XING AG is the leading social network for business professionals in German-speaking

countries (DACH) with nine million members.

• Jameda is Germany’s largest platform for searching and recommending doctors with

more than 275.000 doctors

• Burda Forward is one of Germany’s most successful digital publishing houses with

brands like FOCUS Online, Huffington Post, and CHIP

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Hubert Burda Media is one of the leading European media companies with a strong international footprint. In

2015 it consolidated external revenues of ca. 2.2bn EUR. Hubert Burda Media has a proven track record of

digital investments for almost 20 years and has built up a strong global network among digital thought leaders

through its well known DLD conferences.

Burda pools the group’s strategic internet activities in German speaking countries in the executive board’s

division “Burda Digital” of Stefan Winners. The division consolidates successful brands like XING, HolidayCheck,

Jameda, Focus Online, Cyberport etc. and contributes more than 50% of the group’s revenues. The holding

company, Burda Digital GmbH, is continuously searching for new investment opportunities to strengthen its

portfolio.

As enterprise for entrepreneurs we search for profitable digital companies in DACH with high future growth

potential and offer a unique network and track record of highly successful digital companies.

Burda Digital

OfficesHeadquartered in Munich with offices

worldwide

Founded 1903

EmployeesMore than 10,300

(of which 2.900 are based outside Germany)

Current Fund Size Hubert Burda Media balance sheet investing

Use of Debt N/A

AUM More than 35 digital companies

Target Investment Size €10m - €150m

Target Geographies DACH region

Target SectorsDigital media, marketplaces,

lead generation, e-Commerce

Investment Style Strategic

Deal Structures Mostly majority

Key Investment CriteriaProfitability, strong growth, sustainable

business model

Website http://www.hubert-burda-media.com

Contact Email [email protected]

Contact Phone Please refer to the key contacts

• Dr. Mathias Wahrenberger

• Managing Director, Burda Digital GmbH

• Email: [email protected]

• Companies: Jameda, Burda Forward, Cyberport

• Previously: General Manager Classifieds Axel Springer,

Principal BCG

• Andreas Jagdhuber

• Corporate Development, Burda Digital GmbH

• Email: [email protected]

• Previously: Managing Director IDnow GmbH, Founder

Altruja GmbH, Consultant Simon-Kucher&Partners

• Clemens Müller

• Deputy Head of M&A, Hubert Burda Media

• Email: [email protected]

• Previously: ProSiebenSat.1 Media SE, goetzpartners,

Lazard

Please see separate profile for Hubert Burda Media‘s international growth capital arm Burda Principal Investments.

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KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• UK’s leading curated marketplace for unique, high-quality and innovative products

and gifts

• Platform gathering carefully selected independent fashion brands and designers

• International market place for second hand fashion

Full Portfolio • www.burdaprincipalinvestments.com/investments

SELECTED PORTFOLIO COMPANIES

Offices New York, Munich, London, Singapore

Founded N/A

Employees 6

Current Fund Size Hubert Burda Media balance sheet investing

Use of Debt No

AUM Not disclosed

Target Investment Size €5m - €25m

Target Geographies Europe, USA, Asia

Target SectorsDigital technology, digital media, market

places, content-driven eCommerce

Investment Style Active

Deal StructuresPredominantly minority,

board representation

Key Investment CriteriaProven business model, scalability,

right vertical and team

Website www.burdaprincipalinvestments.com

Contact Email [email protected]

Contact Phone N/A

KEY CONTACTS

Burda Principal Investments (BPI), a division of Hubert Burda Media, provides long term growth equity for fastgrowing digital technology and media companies. Hubert Burda Media is one of Europe’s largest media andtechnology conglomerates with a strong investment track record in internet-centric businesses since 1998.We have been partners for visionary entrepreneurs, leveraging Burda’s capital, brands and sector expertise,particularly in the areas of business expansion, internationalisation and localisation.We are invested in a portfolio of highly successful consumer internet companies in Europe, the U.S. and Asia. Inthe past, Hubert Burda Media has invested in internet platforms such as Etsy, zooplus, HolidayCheck, or XingAG.BPI is run by a dedicated team of investment professionals based in Munich, London and Singapore.

Burda Principal Investments

• Martin Weiss

• Managing Director

[email protected]

• Companies: Notonthehighstreet.com, Vinted, nebenan.de

• Previously EVP Strategy & Corporate Development at

Millicom, Founding Partner of Solon, McKinsey

• Christian Teichmann

• Managing Director

[email protected]

• Companies: BaubleBar, Showroom

• Previously Partner and Head of the London office of Solon,

and working for investment banks Lazard and Greenhill

• Benita Merz

• Investment Manager

[email protected]

• Previously Deutsche Bank Investment Banking Division /

M&A and Equity Capital Markets in London and Frankfurt

Please also refer to the corporate profile of Hubert Burda Media for strategic investments

Page 99: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• SaaS provider to the health, wellness and personal care industries

• Original investment in 2009; IPO in June 2015

• Copenhagen-based company offering analytics, research and advisory services for

managing reputation

• Original investment in 2013

• Speech and occupational therapy telemedicine provider

• Original investment in 2015

Full Portfolio • www.catalyst.com/our-investments/current-investments

Catalyst Investors

Catalyst Investors is a New York City-based growth equity firm focused on technology-enabled services includingSaaS, Business Services, and Communications Infrastructure. Founded in 1999 and investing out of its $377million fourth fund, Catalyst draws on its deep sector expertise and extensive network of industry leaders to workin true partnership with management to create long-term value. The firm makes both minority and majorityinvestments of $10 - $60 million in rapidly growing companies.

Offices New York

Founded 1999

Employees 17

Current Fund Size $377m

Use of Debt Case-specific

AUM $850m

Target Investment Size $10m - $60m

Target Geographies U.S., Europe

Target Sectors

SaaS, Wireless Infrastructure, Hosting, Digital

Media, Ed Tech, Business Services / BPO,

Healthcare, Clean Tech, Food Tech, Solar

Investment Style Active

Deal structures Majority or minority

Key Investment CriteriaRun-rate revenue of at least ~$10mm,

EBITDA positive or fully funded business plan

Website www.catalyst.com

Contact Email [email protected]

Contact Phone (212) 863 – 4848

KEY CONTACTS

SELECTED PORTFOLIO COMPANIES

• Brian Rich

• Managing Partner & Co-Founder

• Email: [email protected]

• Brian is responsible for the general management and

investment policy of Catalyst Investors. He monitors all of the

firm’s investment opportunities and provides counsel for all

portfolio companies. A veteran investor, he has more than 20

years of experience in the business services, technology and

wireless sectors.

• Susan Bihler

• Principal

• Email: [email protected]

• Susan focuses on sourcing, evaluating, and structuring new

investment opportunities and managing the firm’s existing

portfolio companies. She joined Catalyst in 2009 and focuses

on opportunities in SaaS, Business Services / BPO, and

Healthcare.

• Companies: Ascentis, Clinicient, Datavail

Page 100: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

Enterprise Investors is the oldest and one of the largest private equity firms in Central and Eastern Europe.Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds haveinvested EUR 1.7 billion in 137 companies across a range of sectors and exited 115 companies with total grossproceeds of EUR 2.5 billion.

SELECTED PORTFOLIO COMPANIES

OfficesWarsaw, Bucharest, Budapest,

Bratislava and Prague

Founded 1990

Employees 40

Current Fund Size More than €300m

Use of Debt Flexible

AUM Under €2bn

Target Investment Size €20m - €50m equity tickets

Target Geographies CEE markets

Target SectorsTMT, financial services, fintech, FMCG,

retail (incl. online), industrial

Investment Style Active

Deal Structures Majority or Significant Minority

Key Investment CriteriaHigh growth regional leaders

or global challengers

Website www.ei.com.pl/en/

Contact Email [email protected]

Contact Phone +48 22 458 85 00

KEY CONTACTS

Enterprise Investors

• Global Anti Virus software company

• Leading Hungarian online insurance broker and banking product aggregator

• Global Forex brokerage House

• European market leader in sport nutrition food manufacture

Full Portfolio • www.ei.com.pl/en/portfolio-2/

• Dariusz Pronczuk

• Managing Partner

• Email: [email protected]

• Based in Warsaw, responsible for financial services /

fintech investments

• Selected companies (current and past investments):

netrisk.hu, AVG, Skarbiec, Kruk, Magellan

• Thomas Tuske

• Investment Director

• Email: [email protected]

• Based in Budapest, in charge of investment sourcing,

transactions and portfolio management in Hungary

• Companies (current and past investments):

netrisk.hu, Scitec Nutrition

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KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Nicholas Jordan

• Finstar Financial Group, CEO

• E-mail: [email protected]

• An investment banker with more than 20 years of

experience in senior and executive positions in

leading global financial institutions

• Companies: Goldman Sachs, Deutsche Bank

• Mark Ruddock

• FinstarLabs, CEO

• E-mail: [email protected]

• Joined Finstar in 2016 to help accelerate its financial

technology investment program.

• Mark’s 15 year career in venture-backed startups has

spanned enterprise software, mobile applications and

on-line financial services, and includes 2 exits.

• Companies: Wonga, Viigo, INEA

Finstar Financial Group

Offices Berlin, London, Riga, Moscow

Founded 1996

Employees 300 (of which 40 in Europe)

Current Fund Size N/A

Use of Debt Yes

AUM $2bn

Target Investment Size $2m – $50m

Target Geographies Europe, Asia, Latin America, Africa

Target SectorsFintech, data science, consumer lending,

mobile and internet

Investment Style Active

Deal Structures Control, joint control, minority

Key Investment Criteria

Strong management teams

Scalable business model

Existing innovative product

Global market potential

Website www.finstar.com

Contact Email [email protected]

Contact Phone 7 495 7879260 (2947)

Finstar Financial Group is a global private investment group. The Group operates in Europe, the US, Asia, LatinAmerica and the CIS.Finstar is focused on the fintech sector, but historically it has been highly successful in thefinancial services, IT, FMCG retail, media, and real estate sectors.

The Group has 20 years of operational experience launching new projects in developing markets, restructuringexisting companies to become more competitive, as well as sealing new partnerships and M&A agreements, andbuilding greenfield start-ups.

Finstar’s philosophy of partnership brings strategic value and insight to private equity and venture capital early-stage and growth investments, allowing its companies to succeed in complex developing markets, while raisingtheir investment prospects

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

• Finstar Labs identify, invest in and help create the cutting edge user experiences,

enabling technologies, and data science that will lay the foundation for the next

generation of alternative financial services.

• Spotcap is a new online credit platform that provides fast and flexible financing for

small businesses. Spotcap uses an innovative credit scoring technology that directly

evaluates real-time business data to provide fast and flexible financing

• Viventor has been partnering with various non-bank lenders from all over Europe, and

offering investments in their loans to every European with as little as 50 Euros in

savings. The peer-to-peer lending platform is now set to build a pan-European loan

marketplace that would be comparable to a Stock Market

Page 102: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

FP is a leading global private equity firm focused exclusively on investments in technology businesses. Withapproximately $10bn in cumulative capital commitments and a team of over 40 investment professionals workingfrom offices in San Francisco and London, our objective is to work with management teams facing strategic oroperational inflection points and to use our differentiated experience, network, and resources to build value forshareholders, employees and customers.

SELECTED PORTFOLIO COMPANIES

Offices San Francisco, London

Founded 1999

Employees 56 (of which 10 in Europe)

Current Fund Size $2.85bn

Use of Debt Yes

AUM In excess of $8bn

Target Investment Size $25m - $1bn

Target Geographies North America and EMEA

Target Sectors Software, Internet, Services and Systems

Investment Style Active

Deal Structures Control, joint control and minority

Key Investment CriteriaProviding capital to companies facing

strategic or operational inflection points

Website www.franciscopartners.com/

Contact Email [email protected]

Contact Phone +44 (020) 7907 8600

KEY CONTACTS

• Leading online wealth management platform

• Leading peer-to-peer financing platform

• Prescription price transparency platform

• Software that optimizes the business practices of service organizations

Full Portfolio • https://www.franciscopartners.com/investments

• Deep Shah

• Co-President

• Prior to FP, worked at Morgan Stanley in London

• Companies: ClickSoftware, Kewill, Lumata,

Metaswitch Networks, Smartfocus, SintecMedia

• Mario Razzini

• Vice President

• Prior to FP, worked at Citigroup and Arma Partners

• Companies: ClickSoftware, Metaswitch Networks,

Smartfocus

• Thibault Thevissen

• Associate

• Prior to FP, worked at Oliver Wyman in London

• Companies: Smartfocus

Francisco Partners

Page 103: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Jörn Nikolay, Munich

• Managing Director, Head of DACH

• Email: [email protected]

• Leads investment activities in Germany, Austria and

Switzerland

• Portfolio companies include(d) Axel Springer Digital

Classifieds, FlixBus, Klarna

• Chris Caulkin, London

• Principal

• Email: [email protected]

• Leads Internet & Technology activities across

Europe, Africa, Middle East and Turkey

• Portfolio companies include(d) Argus Media, Yemek

Sepeti / Delivery Hero, Axel Springer Digital

Classifieds, Studio Moderna

General Atlantic is a leading global growth equity firm providing capital and strategic support for growthcompanies. Established in 1980, General Atlantic combines a collaborative global approach, sector-specificexpertise, long-term investment horizon, and a deep understanding of growth drivers to partner with greatmanagement and build exceptional businesses worldwide.

General Atlantic has more than 100 investment professionals based in New York, Amsterdam, Beijing,Greenwich, Hong Kong, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, and Singapore.

Our three main differentiators are (i) the exclusive focus on growth investing, (ii) a patient capital base and (iii) aglobal, collaborative team consisting of investment professionals, our Resources Group and a Special Advisorsnetwork of current and former senior executives.

SELECTED PORTFOLIO COMPANIES

Offices

New York, London, Munich, Amsterdam,

Greenwich, Palo Alto, São Paulo, Mexico

City, Beijing, Hong Kong, Mumbai, Singapore

Founded 1980

Employees 260 (of which 25 in Europe)

Current Fund Size c. $10bn of long-term capital

Use of Debt Limited

AUM $20bn

Target Investment Size $25m – $400m

Target Geographies Global

Target SectorsInternet & Technology, Retail & Consumer,

Financial & Business Services, Healthcare

Investment StyleActive minority (70% of current portfolio are

minority investments)

Deal Structures All

Key Investment Criteria Growth

Website www.generalatlantic.com

Contact Email [email protected]

Contact Phone +44 207 484 3200

KEY CONTACTS

• Delivery Hero (through the acquisition of Yemeksepeti by Delivery Hero in May 2015)

• FlixBus

• Adyen

Full Portfolio • www.generalatlantic.com/portfolio

General Atlantic

Page 104: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Colin le Duc

• Partner & Co-Head of Growth Equity

• Email:

[email protected]

• Founding Partner, Generation Investment

Management

• Director and Head of Research, Sustainable Asset

Management (“SAM”)

• Energy Consultant, Arthur D. Little

• David Mood

• Associate

• Email:

[email protected]

• Associate, Generation Investment Management

• Investment Professional, DN Capital

• Investment Banking Analyst, Barclays

Generation was established in April 2004 as an independent, private, owner-managed partnership with offices inLondon and New York. Generation’s founding team includes Al Gore as Chairman and David Blood as SeniorPartner. The investment approach is based on an investment process that fully integrates sustainability analysisinto investment decisions and is focused on long-term performance. Generation manages $14bn across itsGlobal Equity, Asia Equity, Growth Equity and Direct Lending strategies.

In 2008, Generation launched its growth equity strategy seeking to capitalise on opportunities to invest in growthstage businesses that are generating value by driving the transition to a low carbon and sustainable economy.

SELECTED PORTFOLIO COMPANIES

Offices London, New York

Founded 2004

Employees 84

Current Fund Size $520m

Use of Debt No

AUM $14bn

Target Investment Size $15m - $50m

Target Geographies Global

Target Sectors

Energy Innovation, Sustainable Consumption,

Smart Mobility, Supply Chain & Logistics,

Digital Enterprise, Food & Water Systems

Investment Style Active

Deal Structures Minority

Key Investment CriteriaGrowth-stage, commercial traction, strong

management team, low carbon solution

Website www.generationim.com

Contact Email [email protected]

Contact Phone +44 (0) 20 7534 4758

KEY CONTACTS

• M-KOPA is the leading provider of “pay-as-you-go” solar power for off-grid customers

• DocuSign provides cloud-based digital transaction management software globally

• Seventh Generation is a leading brand of non-toxic and renewable-based household

and personal care products in North America

Generation Investment Management

1. On September 19, 2016, Unilever agreed to acquire Seventh Generation.

Page 105: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

SELECTED PORTFOLIO COMPANIES

OfficesLondon, Moscow, Istanbul,

New York, Hong Kong, Tokyo, Sydney

Founded 2002

Employees 40 (of which 18 in Europe)

Current Fund Size Goldman Sachs Balance Sheet Investing

Use of Debt Selectively

AUM. NA

Target Investment Size $20m - $100m

Target Geographies Global

Target SectorsTechnology, Business Services, Software and

Technology-Enabled Services

Investment Style Late-Stage Venture Capital / Growth Equity

Deal Structures Minority equity / Convertible Debt

Key Investment CriteriaHigh Growth, Strong Management,

Large Addressable Market

Website www.gs.com

Contact Email [email protected]

Contact Phone +44 (0)20 7051 0000

KEY CONTACTS

The Goldman Sachs Private Capital Investing group is Goldman Sachs’ investment platform dedicated toproviding long term capital to growth and middle-market companies. The group focuses on investing as a lead orminority investor and can provide both minority equity and debt financing, investing between $20m and $100mper deal.

Key differentiating factors are: (i) As a balance sheet investor we can provide any type of flexible capital rangingfrom common, preferred and structured equity to junior and senior debt, (ii) long term investment horizon, and (iii)a global, coordinated team with a more than 12 year track record investing in high growth companies indeveloped as well as emerging markets.

• Provider of enterprise collaboration and content management software (UK)

• Provider of an Enterprise Content Management (ECM) platform (France)

• Formerly Staff-Finder, an online marketplace for temporary workers (CH)

Other investments• Include Kaltura, Africa Internet Group, eKomi, Mobileye, One Two Trip, Clarizen,

iBoss, Dr. First, Billtrust, SugarCRM and Savo

Goldman Sachs

Private Capital Investing

• Christian Resch

• Head of GS Private Capital Growth

Equity Investing

• Email: [email protected]

• Joined Goldman Sachs in 2004

• Based in London

• Alexander Lippert

• Email: [email protected]

• Joined Goldman Sachs in 2013

• Based in London

Page 106: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Michael Kumin

• Managing Partner

• Email:

[email protected]

• Responsible for transaction origination, investment policy,

fundraising, investor relations and the general management of

Great Hill Partners. His investment experience covers a broad

group of industries including media, Internet, software, and

business and consumer services.

• Investments: Wayfair, Momondo, SheKnows, The Shade

Store, Legacy, Educaedu, IGN, BuscaPé, D&B Credibility

• Peter Garran

• Principal

• Email:

[email protected]

• Responsible for originating, evaluating and managing

investments in the media, Internet, software and business

and consumer services sectors.

• Investments: The Shade Store, Momondo, SheKnows Media,

Educaedu, All Web Leads, D&B Credibility.

• One of the largest online home goods retailers focusing on hard-line specialty

categories, such as furniture, home improvement, housewares and office. Founded in

2002, Wayfair provides customers in the U.S., Canada, U.K. and Germany

unparalleled selection, excellent customer service, and competitive prices

• Online travel media and technology company that provides travel search tools and

inspiration to millions of visitors a month across 30 core international markets

• Leading direct-to-consumer provider of custom window treatments sold through both

the Internet and its branded retail showrooms

Full Portfolio • www.greathillpartners.com/portfolio

Great Hill Partners

Great Hill Partners is a leading private equity investment firm focused on growth expansion financing and buyoutopportunities. The firm was founded in 1998 and is headquartered in Boston, MA. Since its inception, Great Hillhas raised $3.8 billion in capital commitments to finance the expansion, recapitalization or acquisition of growthcompanies within the business and consumer services, media, communications and software industries. GreatHill's investment strategy is based on rigorous sector research, proactive origination, value-added company-building tactics, focus on majority ownership positions, conservative use of leverage, and emphasis on exits tolarge, strategic buyers.

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Offices Boston

Founded 1998

Employees 42

Current Fund Size $1.1bn

Use of Debt Occasional

AUM $3bn

Target Investment Size $25m - $150m

Target Geographies North America, Europe, Latin America

Target Sectors

B2B, Cloud, IT Infrastructure, Consumer,

Digital Media, eCommerce, Enterprise SaaS,

Financial Technology, Healthcare IT

Investment Style Active

Deal Structures Control, Joint Control, Minority

Key Investment CriteriaGrowth Oriented;

All Stages Beyond Early Stage

Website www.greathillpartners.com

Contact [email protected]

[email protected]

Contact Phone+ 1-617-790-9435

+1-617-790-9475

Page 107: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• David Bateman

• Senior Managing Director

• Email: [email protected]

• +10 years of experience in technology lending and

financing.

• Previously with ETV Capital and Broadview

International.

• Johan Kampe

• Senior Managing Director

• Email: [email protected]

• +15 years of experience in technology lending and

financing.

• Previously with ETV Capital and Silicon Valley Bank.

• Unruly

• MyOptique

• Worldstores

Full Portfolio • www.harbert.net/investment-strategies/private-capital/european-growth-capital/

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Harbert European Growth Capital Fund (“HEGCF”) is an investment partner to high growth entrepreneurialbusinesses across Europe in the technology and life sciences sectors. Led by an experienced team with a 10+track record of investing across Europe and over €121m in capital committed from institutional and privateinvestors, HEGCF is one of the leading European debt funds in Europe with a strong USA and Europeannetwork. The fund is based in London and is corner sponsored by Harbert Management Corporation, a USheadquartered independent investment firm, with $4.3bn in assets and committed capital under management asat 01 February 2015. The fund looks for investment opportunities in high growth businesses and has a growingportfolio of 28 companies. Key focus is on proven management teams in need of capital to fuel organic growth,working capital requirements, acquisitions, equipment purchases, bridge loans and various forms ofrecapitalization.

Harbert European Growth Capital Fund

Offices London

Founded 2013

Employees 9 (of which 9 in Europe)

Current Fund Size €121m

Use of Debt Yes

AUM €121m

Target Investment Size €1m - €25m

Target Geographies Pan-European

Target Sectors Technology and Life Sciences

Investment Style Growth Debt

Deal Structures Amortizing loans with equity incentive

Key Investment Criteria Growth stage companies with revenues

Website

www.harbert.net/investment-

strategies/private-capital/european-growth-

capital

Contact Email N/A

Contact Phone +44 207 408 4120

Page 108: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Global marketplace for local travel activities

• Stylist-led fashion eCommerce for men

• Connected fitness equipment and software

Full Portfolio • www.hcp.com/companies/?fund=highlandcapitalpartnerseurope

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Highland Capital Partners Europe invest in rapidly growing European internet, mobile and software companies

that address large market opportunities and have over €10m in annualised revenues. Their capital enables

management teams to accelerate growth and build a lasting, valuable business.

Through a dedicated pan-European growth equity technology fund, Highland Capital Partners Europe embraces

Highland Capital Partners’ global mission of helping great people build great companies. In the last 12 months

Highland Capital Partners Europe has invested in Bradwatch, eGym, NewVoiceMedia, GetYourGuide, Outfittery,

SocialPoint, AMCS and Intersec.

Highland Capital Partners Europe

Offices London, Geneva, Dublin

Founded 1988

Employees 10 (of which 10 in Europe)

Current Fund Size €250m

Use of Debt No

AUM €3.5bn

Target Investment Size €5m - €35m

Target Geographies Europe

Target SectorsSoftware, Internet,

Digital Media, Mobile

Investment Style Active

Deal Structures N/A

Key Investment Criteria

Less than €10m in annualised revenues,

exceptional growth, strong market position,

proven product and outstanding team

Website www.hcp.com

Contact Email [email protected]

Contact Phone +44 20 7183 4325

• Laurence Garrett

• Partner

• Email: [email protected]

• Laurence Garrett is a co-founder and Partner of

Highland Europe, Laurence primarily focuses on

growth opportunities in the information technology

sector for the European market.

• Companies: Brandwatch, eGym, Malwarebytes,

Matchesfashion.com, Talentsoft, Intersec, Social

Point, NewVoiceMedia

• Previously: partner at 3i, Deloitte

Page 109: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Brings merchant banks and acquirers closer to their merchants and merchants closer

to their consumers. Cross-border payment gateway for retail transactions together

with a marketplace for value-added services and B2B apps

• Digitally controlled premium fitness strength equipment. Personalized 360 degrees

training measurement for consumers and high-value customer retention for gym

operators

• Big Data online credit scoring and loan underwriting. Fast, convenient, and

responsible credit available from anywhere, at any time and from any device

Full Portfolio • www.hpegrowthcapital.com/portfolio.html

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

HPE Growth Capital (“HPE”) is a technology growth equity specialist targeting investments in high-growth firms

(c. 50 – 250 employees) in Northern Europe, with an emphasis on Germany and the Benelux.

Through our investments in fast growing profitable technology companies we seek to become active partners of

our portfolio companies with the objective to accelerate growth and create future market leaders through

internationalization, expansion of sales and marketing, operational excellence and buy-and-build.

We typically invest between EUR 10 and 30 million per investment in exchange for a significant minority stake

with a strong preference for primary capital to be used as catalyst for expansion. The skillset of HPE spans

across capital markets, lower mid-market technology advisory, operational corporate development and growth

investing in both the US and Europe.

HPE Growth Capital

Offices Amsterdam, Düsseldorf

Founded 2010

Employees 11 (investment team)

Current Fund Size €175m

Use of Debt No

AUM €370m

Target Investment Size €10m - €30m

Target GeographiesNorthern Europe

(emphasis on Germany & Benelux)

Target Sectors Technology

Investment Style Active

Deal Structures Significant minority stakes

Key Investment Criteria

Proven technology & business model

Strong traction & growth potential

Outstanding management team

Min. €500k MRR or €10m revenue

Website www.hpegrowthcapital.com

Contact Email N/A

Contact Phone + 31 (0) 20 714 34 00

• Manfred Krikke

• Partner

• Email: [email protected]

• 16 years of technology experience in Silicon Valley, incl.

investment banking, growth equity investing and operations

• Companies: eGym, Kreditech, PPRO

• Harry Dolman

• Partner & COO

• Email: [email protected]

• 25 years of management experience incl. Global Executive

Vice President Consumer Products at Walt Disney

• Companies: Cotesa, eGym, Airborne Oil & Gas

• Frederic Huynen

• Senior Associate

• Email: [email protected]

• 5 years of technology & growth investing

• Companies: AEVI, Kreditech, Airborne Oil & Gas

Page 110: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Trivago is Europe’s largest hotel meta-search destination, where visitors can easily

find the best deal by comparing prices from over 500,000 hotels and over 100

booking sites worldwide

• Every week HelloFresh sends fresh ingredients needed to prepare delicious recipes

at home.

• Delivery Hero is a worldwide network of online food ordering sites with over 55,000

restaurants connected to its service.

Full Portfolio • www.insightpartners.com/portfolio

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growthtechnology and software companies that are driving transformative change in their industries. Founded in 1995,Insight has raised more than $8bn and invested in more than 200 companies worldwide. Its mission is to find,fund and work successfully with visionary executives providing them with practical, hands-on growth expertise tofoster long-term success.

Insight Venture Partners

Offices New York

Founded 1995

Employees 75

Current Fund Size $3bn

Use of Debt Yes

AUM $8bn

Target Investment Size $20m - $200m

Target Geographies Global

Target Sectors Software, Internet & Tech-enabled Services

Investment Style Active

Deal Structures Flexible

Key Investment Criteria Growth

Website www.insightpartners.com

Contact Email [email protected]

Contact Phone +1 212 230 9233

• Harley Miller

• Vice President

• Email:

[email protected]

• Harley Miller joined Insight in 2011. He previously

worked as an analyst at Lubert Adler Real Estate

Funds in Philadelphia, focusing on acquisitions and

asset management.

Page 111: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Peter Dubens

• Managing Partner & Co-Founder

• Peter is the founder of Oakley and its associated group of

businesses, a privately owned asset management and

advisory group

• Over the last 30 years Peter has acquired, restructured and

consolidated public and private companies

• Rebecca Gibson

• Partner

• Email:

[email protected]

• Rebecca joined Oakley in 2014, where her focus is on deal

origination, execution, portfolio management and position

realisation

• Previously a Partner at Cinven, the European private equity

firm, and a strategy consultant at Bain & Company in the UK

& South Africa

• Parship is the leading online dating service for discerning singles in German-speaking

Europe

• Founded in 2008, Facile is Italy’s leading online destination for consumers to compare

prices for motor insurance, energy, telecoms and personal finance

• North Sails is the global market leader in sails and spars, with strong recurring

revenues from the sail replacement cycle and an expansive portfolio of patents

Full Portfolio • oakleycapital.com/portfolio/

Oakley Capital Private Equity is a firm founded by an entrepreneur from the business community, rather than aspin-out from a larger financial institution. Headquartered in London, Oakley Capital is a mid-market privateequity investor with over €750m under management, investing primarily in Western Europe.

Oakley focuses on primary deals, often buying from founders who are attracted by the entrepreneurial approachor doing carve outs, and it has particular experience in the TMT and online consumer sectors.

Oakley’s objective is to work proactively with portfolio company management teams, together with otherstakeholders, in order to create substantial shareholder value for investors.

SELECTED PORTFOLIO COMPANIES

Offices London

Founded 2001

Employees 22 (of which 22 in Europe)

Current Fund Size €524m

Use of Debt Yes

AUM over €750m

Target Investment Size €30m – €100m

Target Geographies Western Europe, US

Target Sectors Digital Consumer, TMT

Investment Style Active

Deal Structures Primarily majority

Key Investment CriteriaPrimary, proprietary, buy & build,

entrepreneur or founder led

Website www.oakleycapital.com

Contact Email [email protected]

Contact Phone +44 (0) 20 7766 6900

KEY CONTACTS

Oakley Capital Private Equity

Page 112: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• John Connolly

• Principal

• Email: [email protected]

• John has been with Spectrum since 2009 and is

based in the firm’s San Francisco office

• Companies: GrubHub, Jimdo, Prezi, GoodRx,

Ancestry.com, TeachersPayTeachers, Finalsite and

Examsoft

• Mike Farrell

• Principal

• Email: [email protected]

• Mike has been with Spectrum since 2009 and is

based in the firm’s Boston office

• Companies: BATS, Jimdo, Jagex, Litmus, RainKing

and EagleView

Spectrum Equity is a leading growth equity firm that provides capital and strategic support to internet softwareand information services companies. For over 20 years, Spectrum has partnered with high growth companiesacross the information economy. Founded in 1994, with offices in San Francisco and Boston, the firm is currentlyinvesting its seventh fund with $1bn in capital.

SELECTED PORTFOLIO COMPANIES

Offices San Francisco, Boston

Founded 1994

Employees 24 (investment team)

Current Fund Size $1bn

Use of Debt Where appropriate

AUM $2.4bn

Target Investment Size $20m - $100m

Target Geographies Global

Target Sectors Internet, software and information services

Investment Style Active

Deal Structures Flexible (minority and majority)

Key Investment Criteria Growth stage companies

Website www.spectrumequity.com

Contact Email N/A

Contact Phone 415-464-4600

KEY CONTACTS

• Online and mobile food ordering platform with over 6.7 million active diners and

40,000 restaurants as users

• Provider of cloud-based, do-it-yourself website creation platform having helped users

create over 15 million websites

• Cloud-based presentation and storytelling software platform with over 1 billion views

and 60 million global users

• World’s leading provider of web-based survey solutions with more than 3 million

survey responses every day

Full Portfolio • www.spectrumequity.com/portfolio

Spectrum Equity

Page 113: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

At TA Associates, we invest in exciting industries with the goal of helping management teams build theirbusinesses into great international companies. TA is one of the oldest and largest growth private equity firms inthe world. We offer our portfolio companies financial backing, strategic guidance and a significant network ofcontacts. Our more than 450 current and former portfolio companies and over 120 IPOs illustrate ourcommitment to provide steady support through the cycles of the global economy. We work with our companies tonavigate the complicated paths of public offerings, debt financings, and mergers and acquisitions.

SELECTED PORTFOLIO COMPANIES

OfficesLondon, Boston, Menlo Park,

Mumbai, Hong Kong

Founded 1968

Employees 130 (of which 15 in Europe)

Current Fund Size $7bn

Use of Debt Sometimes

AUM $24bn

Target Investment Size $50m - $500m

Target Geographies US, Europe, Asia

Target SectorsTechnology, Healthcare, Consumer, Business

Services

Investment Style Active

Deal Structures Minority and Majority

Key Investment Criteria Top-line Growth and Profitability

Website www.ta.com

Contact Email [email protected]

Contact Phone +44 207 8230215

KEY CONTACTS

Full Portfolio • www.ta.com/portfolio/technology

TA Associates

• Morgan Seigler

• Managing Director

• Email: [email protected]

• TA Associates since 2003

• Companies: 10Bis, AVG, Bigpoint, CMOSIS, Eurowag,

Flashtalking, M&M Direct, ION Trading; eCircle,

Smartstream

• Naveen Wadhera

• Managing Director

• Email: [email protected]

• TA Associates since 2001

• Companies: ACT, Fractal, GlobeOp, BillDesk, ION Trading,

Cromax, RateGain, SmartStream, TCNS Clothing

Company, Tega Industries, Yeepay

• Zeynep Yavuz

• Investment Professional

• Email: [email protected]

• TA Associates since 2016; previously at Merrill Lynch

(10Bis)

Page 114: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• World’s leading online and mobile marketplace for takeaway food. Proprietary

technology benefiting over 8 million users and over 45,700 takeaway restaurants.

• Online marketplace platform enabling high end fashion boutiques to sell branded

luxury apparel and accessories to consumers in more than 150 countries.

• Global travel metasearch engine. Serves >60 million unique monthly users worldwide

in over 30 languages and has direct connections to >1,200 travel partners.

• Leading global, multi-language open review community providing user-generated

review services to a wide range of businesses both online and offline

Full Portfolio • www.vitruvianpartners.com/investments

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Vitruvian is an independent private equity firm which specialises in growth capital investments, growth buyoutsand middle‐market buyouts in Europe. The firm focuses on investing in ‘dynamic situations’ – fast growingbusinesses in industries characterised by growth and change such as digital, software, media, telecoms,healthcare, financial services, business services and leisure.

Vitruvian is currently investing its second fund of £1bn and has offices in London, Munich and Stockholm.

Offices London, Munich, Stockholm

Founded 2007

Employees 40 (most of which in Europe)

Current Fund Size £1bn (€1.2bn)

Use of Debt Selectively, if appropriate

AUM €2.3bn across two funds

Target Investment Size €30m - €175m

Target Geographies Europe

Target SectorsInternet, Software, Media, Consumer,

Healthcare, Business/Financial Services

Investment Style Board and operational support on demand

Deal Structures Flexible: Majority and minority

Key Investment CriteriaStrong growth supported by

sustainable business model

Website www.vitruvianpartners.com

Contact Email [email protected]

Contact Phone +44 20 7518 2800

Vitruvian Partners

Stephen Byrne

Partner

• Member of founding team at Vitruvian, focus on tech and financial

services. Companies: Ebury and RL360

Thomas Studd

Partner

• At Vitruvian since 2009, focus on internet and software across verticals.

Companies: Farfetch, Just-Eat, Trustpilot, JacTravel, and Ebury

Jussi Wuoristo

Partner

• Member of founding team at Vitruvian, focus on internet and software

across verticals. Companies: Just-Eat, Snow, Benify and Unifaun

Thomas Holroyd

Vice President

• At Vitruvian since 2014, focus on consumer services, financial services,

and tech. Companies: JacTravel and Skyscanner

Michael Mitterlehner

Vice President

• At Vitruvian since 2014, focus on internet and software across verticals.

Companies: Farfetch, Just-Eat, Solvinity and Unifaun

Page 115: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Abhishek Agrawal

• Managing Director & Head of Growth

Equity

• Previously at General Atlantic in New York

• Investments include: Alibaba, Flipkart, Spotify, Uber,

Magic Leap, Avvo, TrueCar, Scytl, Zuora, AKQA,

Klarna, Red Ventures, Dice, and Network Solutions

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Vulcan Capital is the multi-billion dollar investment arm of Microsoft co-founder and philanthropist Paul Allen. Weare not limited by traditional deal structures, asset classes, or holding periods. Instead we take an entrepreneur-friendly approach and can invest in both private and public companies with a long term investmenthorizon. Vulcan’s growth equity fund is focused on making $10‐$100 million sized investments into leadinginternet and technology companies, including mid‐ to late‐stage venture capital, recaps, growth buyouts, andstrategic public market block investments.

Vulcan Capital

Offices Palo Alto, Seattle

Founded 1986

Employees 30+

Current Fund Size $5bn+

Use of Debt Yes

AUM Multi-billion

Target Investment Size $10m – $100m

Target Geographies US, Europe, Asia

Target SectorsInternet, Mobile,

Enterprise Software

Investment Style Growth stage

Deal Structures Minority or Majority, Debt or Equity

Key Investment Criteria Rapid revenue growth

Website capital.vulcan.com

Contact Email [email protected]

Contact Phone +1 650 329 5921

• Flipkart is the leading e-commerce destination in India

• Magic Leap is developing augmented reality technology

• Scytl is the global leader in secure election management and electronic voting

solutions

• Spotify is the world’s leading digital music platform

• Uber is the world’s largest transportation marketplace

Full Portfolio • http://capital.vulcan.com/

Page 116: NOAH16 London Investor Book

INVESTOR BOOK

DEBT

Page 117: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Fatou Diagne

• Managing Partner

• Email: [email protected]

• Entrepreneur in Finance companies, CitiGroup, S&P,

SFR, Fractal-Labs.com

Full Portfolio • www.bootstrap-europe.com/transactions

SELECTED PORTFOLIO COMPANIES

Offices Zurich, London

Founded 2015

Employees 3 (of which 3 in Europe)

Current Fund Size €40m

Use of Debt Yes

AUM N/A

Target Investment Size €1m – €5m

Target Geographies Europe

Target Sectors Techonologies & Life Science

Investment Style Passive

Deal Structures Venture Debt

Key Investment CriteriaFast Growth, can sustain monthy

reimbursments

Website www.bootstrap-europe.com

Contact Email [email protected]

Contact Phone +41 43 888 6050

KEY CONTACTS

Fast growth companies often require additional money to fuel scale, yet their founders and their investors do notwant to be diluted. Venture Debt is a way to postpone the next valuation event, and to provide a company withadditional time to increase its value prior to a future funding round or an acquisition. The Bootstrap Europe teamhas supported entrepreneurs and their investors in more than 200 European transactions. The Venture Debtfund is backed by successful entrepreneurs who in turn are providing a stable source of capital to the nextgeneration of innovators.

Bootstrap Europe

Page 118: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

Size €7m to €40m

Tenor: 2 – 5 years

Return components: Interest (cash or PIK), fees, equity kicker or exit fees

Repayment: Structure tailored to borrower’s needs, incl. bullet, early repayment possible

TYPICAL LOAN TERMS

Offices London, Zurich

Founded 2006

Employees 20+ (of which 20+ in Europe)

Current Fund Size €350m

Use of Debt Yes

AUM €600m

Target Investment Size €7m – €40m

Target Geographies Europe

Target Sectors Agnostic, except biotech

Investment Style N/A

Deal Structures Flexible

Key Investment Criteria Proven commercialisation

Website www.esocapital.com

Contact Email [email protected]

Contact Phone +41 44 200 3822 / +44 203 642 2600

KEY CONTACTS

ESO Capital is an independent investment boutique focused on providing capital to European SMEs, includinghigh growth businesses. Founded in 2006, the firm has offices in London and Zurich. We provide flexible debtsolutions, with a targeted deal size is €7 to 40 million and a typical investment horizon of 2 to 5 years.

Currently investing out of its 6th fund, ESO manages funds on behalf of institutional investors and has deployedover €600 million in capital in close to 60 deals.

European Special Opportunities

• Olya Klueppel

• Partner

• Email:

[email protected]

• Greg Beamish

• Director

• Email:

[email protected]

• Natalia Nowak

• Managing Director

• Email:

[email protected]

• Karim Askar

• Director

• Email:

[email protected]

Page 119: NOAH16 London Investor Book

INVESTOR BOOK

BUYOUT

Page 120: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Tom Salmon

• Director

• Joined 3i’s Private Equity team in June 2004 and is

based in the UK

• Companies: Audley Travel, JMJ, NCP, Boomerang,

Everis, Yellow Brick Road, Agent Provocateur, Hobbs

• Leading provider of tailor-made travel to over 80 destinations worldwide. It serves

mostly the UK and US markets.

• Developer of interior design and furniture concepts

• British fashion designer and retailer of women’s apparel, shoes and accessories,

operating at the premium end of the UK market

Full Portfolio • www.3i.com/our-business/private-equity/portfolio

3i

3i is a British private equity group that £13.5bn AUM. For over 65 years the firm invested in supporting peoplewho start, grow, change and buy businesses; delivering significant power to the people 3i works with through theknowledge, experience and global network of relationships. Ultimately, 3i is driven by a strong sense of values.The firm forms close partnerships with the companies they invest in and builds strong relationships based onintegrity, trust and mutual respect.3i’s ability to create value in its portfolio companies has always been underpinned by the differentiated scale ofits international resources, knowledge and networks.However, they also recognize the role of specialist resource in driving superior performance. With a track recordin delivering innovative value creation solutions, 3i has developed a highly-effective approach. Workingcollaboratively, the aim is simple: to give management the tools they need to build lasting capabilities andcompetitive advantage.

SELECTED PORTFOLIO COMPANIES

Offices 9 officies worldwide

Founded 1945

Employees 266

Current Fund Size £3.7bn (private equity)

Use of Debt Yes

AUM £13.5bn

Target Investment Size N/A

Target Geographies Europe and North America

Target Sectors Consumer, Industrial, Business Services

Investment Style Active

Deal Structures Minority and Majority

Key Investment Criteria EV between €100m and €500m

Website www.3i.com/

Contact Email N/A

Contact Phone +44 (0) 20 7975 3131

KEY CONTACTS

Page 121: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Bain Capital

Offices 14 offices worldwide

Founded 1984

Employees 900+

Current Fund Size More then $75bn

Use of Debt Yes

AUM More then $75bn

Target Investment Size N/A

Target Geographies Global

Target Sectors Across sectors

Investment Style N/A

Deal Structures N/A

Key Investment Criteria N/A

Website www.baincapital.com

Contact Email N/A

Contact Phone N/A

• World’s leading online survey platfrom

• Rent the Runway is revolutionizing fashion by allowing millions of women to rent

designer apparel and accessories

• Leading global cybersecurity business

Full Portfolio • www.baincapitalventures.com/portfolio/

Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with more than $75billion of assets under management that creates lasting impact for our investors, teams, businesses, and thecommunities. Since the founding in 1984, Bain Capital has applied their insight and experience to organicallyexpand into several asset classes including private equity, credit, public equity and venture capital. Bain Capitalleverages its shared platform to capture cross-asset class opportunities in strategic areas of focus. With officeson four continents, the global team aligns Bain Capital’s interests with those of the investors for lasting impact.

• Giovanni Camera

• Vice President

• Previously: TMT M&A at J.P. Morgan, International

Finance Corporation, Msc from Bocconi University

• Youssef Salha

• Vice President

• Previously: consultant at Bain & Company, research

engineer at Arcelor, MS from Mines ParisTech

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KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Blackstone Group

Offices 21 offices woldwide

Founded 1985

Employees 2,190

Current Fund Size $100bn

Use of Debt Yes

AUM $356bn

Target Investment Size Up from $150m

Target Geographies Global

Target Sectors Across sectors

Investment Style N/A

Deal Structures N/A

Key Investment Criteria N/A

Website www.blackstone.com

Contact Email N/A

Contact Phone N/A

• Germany’s leading online classifieds company. Scout24 operates two leading online

classified websites in Germany as well other market-leading online businesses in 6

other Western European countries.

• Leading provider of smart home technology and services in North America

• Provider of revenue and payment cycle management solutions connecting payers,

providers, pharmacies, and patients

Full Portfolio • www.blackstone.com/the-firm/asset-management/private-equity

Blackstone is one of the world’s leading investment firms. Blackstone seeks to create positive economic impactand long-term value for the investors, the companies they invest in, and the communities in which they work.They do this by using extraordinary people and flexible capital to help companies solve problems. The firm wasfounded in 1985 by Stephen A. Schwarzman, Chairman and Chief Executive Officer, and Peter G. Peterson,who retired as Senior Chairman in 2008.

Thirty years later, the firm has more than 2,000 employees in 21 offices worldwide. The portfolio companiesemploy more than 607,000 people across the globe.

• Octavian Popescu

• Principal

• Octavian is a Principal in Blackstone’s Tactical

Opportunities Group in London.

• Previously: senior associate at Centre Lane Partners,

associate at Bank of America

• Companies: Hafnia Tankers, GEMS Education

• William Nicholson

• Associate

Page 123: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Antony C. Claver

• Vice President

• Email:

[email protected]

• Antony joined Summit Partners in 2013, and focuses

primarily on the technology sector in Europe, with an

emphasis on software

• Companies: Calypso Technology, Darktrace,

Masternaut, RELEX Solutions, Siteimprove

Summit Partners is a leading global growth equity firm. We work with owners and management teams tomaximize the long-term value of their companies. Since our inception in 1984, Summit has raised over $16bn ofcapital on behalf of a prestigious group of institutional investors. We have invested in more than 400 companiesin technology, healthcare and other growth sectors. These companies have completed more than 135 publicofferings, and in excess of 150 have been acquired through strategic mergers and sales. Summit opened itsEuropean office in 2001 and has since invested more than €1.5bn in capital across 12 European countries.

SELECTED PORTFOLIO COMPANIES

Offices London, Boston, Menlo Park

Founded 1984

Employees 85 (of which 18 in Europe]

Current Fund Size $6.5bn

Use of Debt Yes

AUM $16bn

Target Investment Size €20m to €250m

Target Geographies US, Europe, Asia

Target SectorsTechnology, Internet, Digital Media

Mobile, Telecommunications

Investment Style Board and operational support on demand

Deal Structures Minority or Majority

Key Investment Criteria Rapid top-line growth and profitable

Website www.summitpartners.com

Contact Email [email protected]

Contact Phone +442076597500

KEY CONTACTS

• Largest online private sales platform in Europe with over €1bn in sales.

• Leading European online payment processing company.

• Freemium antivirus protecting more than 180m computers and mobile devices

globally.

• End-to-end software development platform provider.

Full Portfolio • http://www.summitpartners.com/companies

Summit Partners

Page 124: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

EQT seeks high-quality, market-leading, medium-sized to large companies in Northern and Central Europe withsignificant value-creation opportunities. Targeted companies should have the potential for value creation byinvesting in growth, in performance improvement, and e.g. active participation in industry consolidation throughadd-on acquisitions. The typical equity investment opportunity ranges between EUR 50 million and EUR 600million.

EQT Partners

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Offices In 15 countries over three continents

Founded 1994

Employees 350

Current Fund SizeEQT VII: €6.75bn, raised in 2015

EQT Mid Market: €1.05bn, raised 2014

Use of Debt Yes

AUM €30bn capital raised in 18 funds

Target Investment Size

Mid – to Large-Cap companies, Equity

investments will typically range between

€50m – €600m

Target Geographies Europe

Target Sectors

Online/Digital Media, Online Classifieds,

Online Advertising,

E-Commerce, Software, Payments,

Education, Mobile, Content Rights

Investment Style Buyout Investments

Deal Structures Control, joint control

Key Investment CriteriaGrowth opportunities, leading market position,

performance improvement potential

Website www.eqt.se

Contact Email N/A

Contact Phone N/A

• Leading international provider of cloud-based Learning Management Systems (“LMS”)

• Market leading provider of live sports information and services, operating at the

interface between sports and entertainment

• Leading global provider of Web Content Management software enabling customers to

create, manage and personalize digital content based on consumer behavior

• Leading global hotel B2B wholesale platform

Growth Portfolio • http://www.eqt.se/Portfolio-Companies/Current-Portfolio/

• Thomas Klews

• Director

• Florian Funk

• Director

• Jens Zuber

• Director

• Christian Horn

• Associate

Page 125: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• David McGovern

• Principal

• Joined in January 2011

• Companies: Quorn Foods, Immediate Media, Fintrax

Group, Trainline, Photobox

Exponent is a private equity firm investing in UK headquartered businesses with enterprise values between£75m and £350m. They work with businesses across a broad range of sectors, where they can unlock value anddrive growth.

They do this by finding the right companies, identifying their potential and working with great people to developthem. Exponent's strong team ethos and approachable style are underpinned by over 190 years of collectiveexperience. Because of their extensive experience and because they understand what it means to be owners,they are shrewd providers of capital. Their aims are to make excellent returns for their investors and deliverprofitable relationships for their managers in a committed and personable way.

They are currently investing from their third fund of £1 billion raised in 2015.

Exponent Private Equity

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

• Largest theatre group in the world, operating 40 venues across London's West End,

the UK's regional cities and New York's Broadway

• Leading B2B manufacturer and services provider to in vitro diagnostic healthcare,

food safety and military bio-threat detection companies globally

• Provider of online discount deals in the UK and Ireland

Full Portfolio • www.exponentpe.com/portfolio/

Offices London

Founded 2004

Employees 15 (investor team)

Current Fund Size £1bn

Use of Debt No

AUM £1bn

Target Investment Size £75m - £350m

Target Geographies UK

Target Sectors Across sectors

Investment Style Active

Deal Structures Buy-outs; Buy-ins

Key Investment CriteriaUK headquarter; strong market position;

EV between £75m and £350m

Website www.exponentpe.com/default.aspx

Contact Email [email protected]

Contact Phone +44 20 7845 8520

Page 126: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

Global Presence: 22 offices in 16 countries and a unique network for global roll-outs.Focus on Operational Value Creation: KKR’s average holding period is 7 years and over 50 Operating Partners(KKR Capstone) support companies with operational expertise.Large portfolio: With 98 portfolio companies globally with more than 800,000 employees, KKR offers a uniqueroll-out opportunity to B2B companies.Highly Experienced in Partnership Transactions: BMG, Fotolia, Scout24 Schweiz, Ping Identity, and manyothers.Deep Sector Knowledge: >50 TMT deals with aggregate deal value in excess of $100bn.Dedicated Growth Fund: Targeting tech-enabled growth investments ranging from $10m-$100m.

KKR

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

OfficesNew York, London, Menlo Park, Hong Kong,

Tokyo, São Paulo and others

Founded 1976

Employees190 Investment Professionals

50 Operational Professionals

Current Fund Size Europe III (€6bn size)

Use of Debt Flexible

AUM $131bn globally

Target Investment SizeGrowth Equity: $10m - $100m

Private Equity: $100m - $2bn equity

Target Geographies Global

Target Sectors

Media, Technology, Consumer, Retail,

Energy, Financial Services, Healthcare,

Infrastructure and others

Investment Style Active

Deal StructuresFlexible deal structuring, including minority

positions or partnerships

Key Investment Criteria

Best-in-class Mgt. team, operational &

technology excellence, growth potential,

profitability or clear path to profitability

Website www.kkr.com

Contact Email [email protected]

Contact Phone +44 (0) 7885 964 353

• Leading provider of wireless audio and home theatre products for the connected

home

• Community and e-commerce sites in the automotive, careers, home, shopping, and

travel and leisure verticals

• Leading multi-vertical eRetailer focused on health & fitness, beauty & apparel

• Provider of enterprise Identity and Access Management (IAM) software

Growth Portfolio

• Philipp Freise

• Head of Media Europe

• Lucian Schönefelder

• Head of Digital Media Europe

Page 127: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Hinrich Stahl

• Managing Director

• Email: [email protected]

• Responsible for Mayfair’s direct investments since

2004

• previously Apax Partners and McKinsey & Co.

• MBA INSEAD (Fontainebleau)

• Helge Lützen

• Director

• Email: [email protected]

• Joined Maryland in 2008

• previously Citigroup Global Markets

• ebs Oestrich-Winkel

• Global leader in Testing, Inspection & Certification (ship classification, oil & gas,

energy and business assurance/ISO certification)

• #3 global TIC services company, €2.5bn revenues, 13,500 employees

• 36.5% investment in DNV-GL (Mayfair merged its 100% investment in GL Group with

direct competitor DNV in 2013 to create global TIC leader)

• Innovative, Italian fast-casual restaurant concept

• 180 restaurants in 32 countries worldwide (€0.5bn system-wide revenues)

• Mayfair acquired 44% holding in 2011

• Support for global roll-out of the business

• #3 global sporting goods brand leading in the sport lifestyle segment

• Mayfair acquired 27% holding in 2005; sold to PPR in 2007

Maryland GmbH is the direct investment division of Mayfair SE, the private family office of Günter and DanielaHerz, former owners of the Tchibo Group. Maryland aims to establish a portfolio of long-term direct investments.The focus is on companies with a strong business model and long-term growth prospects preferably in brandedconsumer & retail, online/digital media, or the services sector. Transaction structures may range from minority tomajority holdings, private or public companies, typically on an all-equity basis.

SELECTED PORTFOLIO COMPANIES

Offices Hamburg

Founded 2004

Employees 7 (of which 7 in Europe)

Current Fund Size Not disclosed

Use of Debt Yes

AUM Not disclosed

Target Investment Size €100m - €1bn

Target Geographies Europe, Americas

Target SectorsConsumer & Retail, Online,

Media, Business Services

Investment Style Active

Deal Structures Control, joint control, minority, etc.

Key Investment Criteria

Sustainable long-term growth prospects,

Unique proprietary assets, International/global

business model, Low capital intensity,

Strong management team

Website N/A

Contact Email [email protected]

Contact Phone +49 (0) 40 320 878 0

KEY CONTACTS

Maryland GmbH

Page 128: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

Providence Equity

Providence is the world's leading private equity firm focused on media, communications, education and

information investments. The firm manages funds with $37 billion in commitments and has invested in more than

130 companies globally since its inception in 1989. Providence is headquartered in Providence, Rhode Island

and also has offices in New York, London, Hong Kong, Beijing, and New Delhi.

OfficesProvidence, New York, London,

Hong Kong, Beijing, New Delhi

Founded 1989

Employees 241 (25 in Europe)

Current Fund Size $5.25bn

Use of Debt Yes

AUM $37bn

Target Investment Size $150m - $350m

Target Geographies USA, Europe & Asia

Target Sectors

Internet, Digital Media, Media,

Communications, Internet Infrastructure,

Education & Information Services

Investment Style Active

Deal Structures Minority or Majority

Key Investment Criteria Growth Equity

Website www.provequity.com

Contact Email [email protected]

Contact Phone +44 (0) 207 514 8800

SELECTED PORTFOLIO COMPANIES

• Leading online automotive marketplace

• Leading website for premium video content in the US

• China’s leading website for premium video content

• Pioneering global educational software provider

Full Portfolio • www.provequity.com

KEY CONTACTS

• Dany Rammal

• Managing Director

• Companies: Galileo, Study Group.

Page 129: NOAH16 London Investor Book

KEY CORPORATE FACTS / KPIs INVESTOR DESCRIPTION

• Cezary Pietrasik

• Principal

• Joined Warburg Pincus in 2010 and focuses on

investments in the healthcare and consumer services

sectors as well as Emerging Europe across different

sectors. He has been actively pursuing opportunities

in the TMT, healthcare and retail sectors.

• Previously: Mid Europa Partners, J.P. Morgan

• European provider of Predictive Applications, enabling clients to make better

business decisions by leveraging insights from “big data” and innovative technologies

such as predictive modelling and machine-learning

• Leading on-demand mobile platform and application services that provides an

extensive range of services by connecting its millions of customers to 200k+ of

motorcycle and car driver partners, 35k+ food merchants and 3k+ service providers

• Provider of cloud-based predictive analytics aimed at improving student success and

persistence in higher education

Full Portfolio • www.warburgpincus.com/investments/

SELECTED PORTFOLIO COMPANIES

KEY CONTACTS

Warburg Pincus is a leading global private equity firm focused on thesis-driven growth investing at scale. Withmore than $40 billion in assets under management, the active portfolio of more than 120 companies is highlydiversified by stage, sector and geography. As an experienced partner to outstanding management teams,Warburg Pincus helps build durable companies with sustainable value. The firm has raised 15 private equityfunds, which have invested more than $58 billion in over 760 companies in more than 40 countries.

Warburg Pincus

Offices 12 offices worldwide

Founded 1966

Employees N/A

Current Fund Size $13.4bn

Use of Debt N/A

AUM $40bn

Target Investment Size $40m - $1bn

Target Geographies Global

Target Sectors

Energy, Financial Services, Healthcare,

Consumer, Industrial, Business Services,

TMT

Investment Style N/A

Deal Structures Minority or Majority

Key Investment Criteria N/A

Website www.warburgpincus.com

Contact Email N/A

Contact Phone N/A