Online eyewear exit sees early backers like Team Europe and Point Nine sell Mister Spex shares

Online eyewear exit sees early backers like Team Europe and Point Nine sell Mister Spex shares

Editor’s note: This article by Michelle Kuepper originally appeared on VentureVillage, the Berlin-based online magazine for digital innovation in Europe.

Less than a month after announcing a new 16 million euro funding round comes the next big news from Berlin-based online eyewear firm Mister Spex. Parallel to the last investment, Berlin company builder Team Europe and VC Point Nine Capital sold the majority of their shareholdings in the e-commerce site, as did a number of the company’s business angels.

Team Europe, which helped found Mister Spex in 2007 by providing funding and business support, has kept some of its holdings, while Point Nine has parted with all its shares – with the investors from the last funding round buying out both companies’ shares.

Team Europe spokesperson Lukas Jaworski told us that they sold their shares “because of a great offer and so we can focus on supporting our recent great companies – Mister Spex is also a great company, but doesn’t need the support from Team Europe that much anymore”.

Point Nine declined to comment.

According to company documents on the German Handelsregister, along with Team Europe and Point Nine, business angels Joachim Bernecker, Oliver Bücken, Betram Köhler, Christian Siegele, Victoria Böcking and Andreas Kochhäuser have also sold their shares in the company.

The last funding round came from Scottish Equity Partners, which now holds 25 percent of the company, along with DN Capital and Xange.

Commenting on the investment round, Mister Spex co-founder and CEO Dirk Graber said they’ll use the cash to “develop our international online stores for France, Spain and Sweden… We are happy to have a new, experienced European investor on board.”

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