DGAP-Adhoc: Varengold Bank AG holds stake in Grover Group GmbH
DGAP-Ad-hoc: Varengold Bank AG / Key word(s): Investment/Miscellaneous
Hamburg, 7 April 2022 - The Berlin-based start-up Grover has raised around EUR 100 million in equity capital as part of the now announced successful implementation of the Series C funding. Grover thus exceeds the threshold of one billion USD for the first time in its company valuation. Varengold Bank had previously held a 2.35% stake in Grover at a book value of EUR 1.5 million. This shareholding is now reduced to 2.08% through the capital increase.
Dr. Bernhard Fuhrmann Disclaimer Ms. Sanja Schultz-Szabo (Head of Corporate Development)
07-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Varengold Bank AG |
Große Elbstraße 39 | |
22767 Hamburg | |
Germany | |
Phone: | +49 (0)40 / 668649-0 |
Fax: | +49 (0)40 / 668649-49 |
E-mail: | [email protected] |
Internet: | www.varengold.de |
ISIN: | DE0005479307 |
WKN: | 547930 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart |
EQS News ID: | 1323025 |
End of Announcement | DGAP News Service |
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1323025 07-Apr-2022 CET/CEST