check24 ventures - noah17 london
TRANSCRIPT
© CHECK24 2016
CHECK24 Ventures @ NOAH 2017
Three Conferences, One Mission: Empower the European Digital Ecosystem
To provide a physical marketplace that facilitates funding of
digital European companies at all stages
Mission Mission Mission
Connecting Capital with
Entrepreneurs
Connecting European Champions
and Challengers
Connecting Israel’s Startups with Large Corporates
and Investors
30-31 October 2018Old Billingsgate, London
6-7 June 2018Tempodrom, Berlin
13-14 March 2018Haoman 17, Tel Aviv
To promote Israel - Europeanrelationships and enable funding
To bring together future-shaping executives and investors active
across segments driven by digital revolution
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CHECK24 solves major pain points for customers and
corporates
We help customers compare, select, transact
and manage insurance, banking, travel, telco
and shopping products
Customers struggle to
understand which product
is right for them
?
Corporates are looking for
cheaper alternatives to
reach customers
Insurance Company
3
Compare Support Transact Manage
We are providing the whole value chain for our customers
More than 1,000
employees including
many customer advisors
More than 1M car
insurance policies
transacted in 2016
2017:
Versicherungscenter
& PFM launched
6 product verticals
with thousands of
products
Our Products (so far)
Insurance Banking Energy Telco
• Hotel
• Flights
• Car Rental
• Packaged Tours
Shopping
• Mobile
• DSL
• Gas
• Electricity
• Personal Loans
• Mortgage
• Credit Cards
• Saving Acc.
• Etc.
Travel
• Motor
• Home
• Health
• Life
• Etc.
4
Besides our existing product comparisons we are
horizontally and vertically expanding into adjacent
product segments…
Excellent product
Moving down the value chain
Widening range of products
Our Focus
Fintech
Insurtech
Local Services
Personal Finance
Management
Insurance
Manager
European Saving
Deposits
5
Combined more than 50 years of experience in the
development and management of growth companies
Support of CH24 Venture companies with CH24 group
best practices in the areas of online marketing,
brandbuilding and product development
Potential integration into the Check24 network
CHECK24 Ventures is the venture capital division of the
CHECK24 group
€60M investment pool
Single LP structure
Industry Phase & Ticket Size Geography
Seed-stage to Series-B
Ticket size: €0.5M to €3M
Internet
Insurtech
Fintech
Marketplaces
SaaS
Investment Focus
… and that’s why we founded CHECK24 Ventures
About us Our USP
Some (past) Portfolio Companies
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Looking for Co-Investments with VC / PE firms
Investment rationale
No strategic fit to
CHECK24 group
_ _ _ _ _ _ _ _ _ _ _ _ _
_ _ _ _ _ _ _ _ _ _ _ _ _
Strategic fit but no
potential acquisition target
_ _ _ _ _ _ _ _ _ _ _ _ _
_ _ _ _ _ _ _ _ _ _ _ _ _
1 2 3
Our investment rationale is based on 4 pillars
Strategic fit &
potential acquisition target
_ _ _ _ _ _ _ _ _ _ _ _ _
_ _ _ _ _ _ _ _ _ _ _ _ _
4
Internet
Insurtech / Fintech
B2C / B2B
SaaS
Marketplaces / Price comparison
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Matthias OrloppManaging Director
CHECK24 Ventures
Alexander KönigInvestment Manager
CHECK24 Ventures
Dr. Henrich BlaseCEO & Founder
CHECK24
Eckhard JulsCEO & Founder
CHECK24
Christoph RötteleCEO & Sprecher der
Geschäftsführung CHECK24
Our Investment Committee & Team
Sean Wright Managing Director
CHECK24 Ventures
Investment Team
Investment Committee
Matthias OrloppManaging Director
CHECK24 Ventures
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Founded in 2010 by Michael Nadler and
Andreas Schulz
sendmoments is the clear #2 web-to-print
company in the DACH region focusing on the
multiples card market
The company offers its customers high-quality
card related products predominantly around the
following events
Wedding
Birthday
Youth festivals (i.e. communion etc.)
Helping reach their product &
marketing potential
Online Marketing
SEM Optimization
Product development
Usability improvement
CHECK24 Support
About Sendmoments
Key Products
Strong performance since our investment
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Request Match Compare Hire
is helping users find local service providers
Relevant service providers
get matched depending on
preferences,
availability & budget
Users compare offers
based on reviews,
profiles, experience &
price
Users choose & book
the right
service provider
Users place requests in
less than 2 min by
answering most relevant
questions
Services provided so far
DJ and entertainer Fitness advisor Music lessonsPhotographer Tax expertsDog care
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Founded in 2015 by Erik Heinelt and Felix Vögtle
askCharlie is building Europe’s leading marketplace for local services
First CHECK24 investment made in 2016
Majority stake acquired by CHECK24 in 2017
About askCharlie
CHECK24 Lokale Dienstleistung
powered by askcharlie
We are helping reach users quickly by
integrating them into the CHECK24 network and website
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If you are a startup looking for funding or an investor
looking for a co-investor contact us:
Matthias Orlopp
Email: [email protected]
Phone: +49 89 200047 1300
CHECK24 Ventures GmbH
Mainzer Landstraße 47
60329 Frankfurt am Main
Selected Completed NOAH Transactions
Focus on Leading European Internet companies
Covering over 400 companies across 25 online verticals, a broad range of over 500 investors as well as 100+ online-focused corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes management distraction
NOAH Advisors is globally well connected and has direct access to virtually all key players in the industry
Knowledge of and strong relationships with potential buyers’ key decision makers
Proactively finds and unlocks attractive investment opportunities for leading investors
Annual NOAH Conference in its 8th year
Over 40 years of combined relevant M&A experience
Routine execution of M&A and financing transactions with sizes of several billion euros
30 successfully completed NOAH Advisors transactions underline successful transfer of M&A competencies to the Internet sector
Entrepreneurial mind-set, focused on growing the business and establishing a reputation for excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures align interests of clients and NOAH Advisors, and demonstrate conviction to deliver top results
Creative deal solutions
December 2014
September 2014
October 2014
May 2014
Sale of 100% of
for $800m to
Exclusive Financial Advisor to Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to Trovit and its Shareholders
Sale of controlling stake in
to
Exclusive Financial Advisor to Facile.it and its Shareholders
sold 100% of
for $228m to a joint venture between
Exclusive Financial Advisor to Yad2 and its Shareholders
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
EUROPE’S LEADING INTERNET CORPORATE FINANCE BOUTIQUE
September 2016
December 2016
October 2016
Financial Advisor to Oakley Capital
®
Marco RodzynekManaging Director & Founder
Jan BrandesManaging Director
Justus LumpeManaging Director
The NOAH Advisors Core Banking Team
Nikhil ParmarDirector
Acquisition of a Majority Stake in
by
from
at a valuation of €300m
Investment in
Exclusive Financial Advisor to KäuferPortal and its Shareholders
by
84% Ownership
Financial Advisor to Silver Lake
Investment in
by
August 2017
Financial Advisor to EMK Capital
Acquisition of a Majority Stake in
by
at a valuation of $200m