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The Venture Codex

Holtzbrinck Digital

Landsberger Str. 187, Munich, Bayern, 80687, Germany

Overview

Their investment focus is on digital businesses in the fields of Science, Education and Content which is grounded in deep market understanding and strong domain expertise. With offices in Munich, London and Boston they follow a global approach and back convincing business models with their experience, network and background aiming for the next level of growth. Partnering with the founders and management teams of their companies is key for them. They regularly work closely together and support with strategic and operational advice. The joint goal is to ensure operational success and to create economic value. ​ As an investor they are rigorous regarding their investment fields, but flexible on the transaction size and the shareholding in the company. They invest in startups which have already achieved proof-of-concept, support later stage companies with growth capital and acquire profitable businesses with the potential to be leaders in their domestic or international market. Selected investments into dedicated and outperforming funds complement their investment strategy.

Total investments
4
Lead investments
2
Investments · 12mo
0
Active investors
3

Sector focus

  • Content
  • Education
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Investment portfolio

  • Likeminded

    Led · Seed · Aug 2023

    Likeminded provides a personalized digital mental health solution sold to businesses. Founded in 2020, the company began as a B2C offering before shifting to a B2B approach. After the shift it reached seven-figure revenue within 12 months. Clients include Jack Wolfskin, Oliver Wyman and Hamburger Energiewerke. In September 2023 Likeminded acquired Berlin-based startup whylab to consolidate in the mental health market. The company plans to use new funding to expand operations and broaden its business reach. Likeminded operates a digital mental health platform that gives employees access to one-on-one consultations with psychologists, on-demand content, and specialist group formats. The company emphasizes AI-based personalization combined with scalable formats to prevent overwork and burnout and to boost employee well-being and loyalty. It sells primarily B2B and counts customers including Jack Wolfskin, Oliver Wyman and sennder. Likeminded initially launched as a B2C service but pivoted to B2B, reaching seven-figure revenue within 12 months of that shift. The company plans to use the new funds to expand its AI personalization capabilities, scale its format offerings, and grow the business across Europe. Co-founders are Kimberly Breuer, Maximilian Heberger, Stefan Anca and Josu García de Albizu.

  • Lecturio

    Participated · Equity · Dec 2021

    Lecturio is a video-based healthcare education platform offering medical, nursing, and other professional courses. Its library includes over 10,000 videos with linked quiz questions, concept pages, and a clinical case question bank, supported by a teaching and analytics engine and AI learning support. The platform features collaboration with instructors from Harvard, Yale, Johns Hopkins, Brown University, and others. Lecturio reports nearly one million active users across 175 countries, employs about 100 people, and has subsidiaries in the US and Bulgaria. Founded in 2008 and headquartered in Leipzig, Germany, the company enables students and educators to deliver self-directed and blended learning with advanced analytics. It plans to use new growth capital to expand its global footprint, strengthen its medical and nursing product offering, and pursue consolidation in the fragmented healthcare education market. Lecturio operates lecturio.de, a video-based online learning platform used by institutions, corporate clients and end users. Its course catalog focuses on professionals in taxation, accounting and business, and the company also provides complete study programs and exam-preparatory content for medical and law students. Lecturio’s library comprises more than 10,000 hours of video content from over 400 experts, and the company employs 75 people. The company raised a Series B funding round of undisclosed amount led by Holtzbrinck Digital. Lecturio said it intends to use the funds to expand operations. Leadership includes Martin Schlichte (CEO), Stefan Wisbauer (CFO) and Pascal Bendien (COO). Lecturio is a video-based online learning platform for private and professional education that enables time- and location-independent learning. The platform hosts more than 5,000 courses taught by Germany’s leading experts across business, software, law, medicine, accounting & taxes, economics, health, languages and leisure. Lecturio raised €3m in funding to support its growth. The company intends to use the funds to accelerate mobile learning, expand B2B offerings and enhance brand awareness in 2014. Founded in 2008 and led by CEO Martin Schlichte, Lecturio is based in Leipzig, Germany. It employs 50 people across locations in Germany and Bulgaria.

  • AMBOSS

    Participated · Series B · Sep 2019

    Amboss began in 2014 as a study app for medical students and has since pivoted to a comprehensive knowledge platform for medical professionals. Its product is developed by roughly 70 doctors and 40 software engineers working in small cross-functional teams and is described by the company as the most comprehensive and technologically advanced medical knowledge base. Amboss combines smart learning and instant clinical guidance to improve contextual understanding and reduce rote memorization, claiming to cut average research time for clinical decisions from 30 minutes to 30 seconds. The platform serves both early-career clinicians (with emergency algorithms and lead-symptom guidance) and experienced specialists who need up-to-date guidelines and therapy recommendations. Amboss recently raised €30M in a Series B to support growth. With the new capital, the company plans to accelerate global rollout—with a focus on the U.S.—and further develop its product for generalist and specialist doctors to improve daily clinical decision-making.

  • Searchmetrics

    Led · Series C · Jan 2011

    Searchmetrics is a search optimization and content performance software company founded in late 2007 and led by CEO Volker Smid. The company offers a sixth-generation software suite with a large global and historical database spanning search, content, PPC, social and mobile. Its dataset includes rankings of more than 120 million domains, one billion URLs, and monitoring of over 600 million keywords. In March the company introduced Mobile App Rankings to help businesses track an application's performance against competitors. Headquartered in Berlin with offices in London, New York and San Mateo, Searchmetrics plans to invest in new data-driven product features and services. It has previously raised more than $31 million in equity across five rounds, with major investors including Holtzbrinck Digital and Iris Capital. Searchmetrics is a Berlin-based global enterprise platform for search experience optimization that combines SEO, content, social media, PR and analysis. Led by CEO Tom Schuster, the platform is positioned to form the foundation for developing and executing an organic search strategy. Recent product advancements include Site Structure Optimization, Content Optimization and Social Engagement features. The company cites recent client engagements with homesearch.com, Amain.com and Sephora. Searchmetrics received an undisclosed funding round from existing investors Neuhaus Partners, Iris Capital and Holtzbrinck Digital. It intends to use the funds for product development and support. Searchmetrics provides SEO and analytics software that identifies where customers should spend budget to improve search performance. The company is based in Berlin and was founded in late 2007. Searchmetrics was previously financed by Holtzbrinck Digital (seed) and saw Neuhaus Partners join in a January 2010 B round. It has raised approximately $11 million to date. The company secured a $6.75 million growth / C-stage funding round led by Iris Capital with participation from Holtzbrinck Digital and Neuhaus Partners. Proceeds from the latest round will be used to support continued international expansion.

Team

  • Ellen Schrade

    M&A Analyst

  • Jannik von Wallis

    Investment Manager

    LinkedIn
  • Marc-Orell Dedorath

    Investment Manger

    LinkedIn