BV Capital, the former corporate venturing unit of Germany-based media company Bertelsmann, has rebranded as e.Ventures.
The move is described by e.Ventures as an attempt to create firm with “five dedicated funds, in five regions, [and a] new global name”. The company’s European unit eVenture Capital Partners was corporate-backed by Germany-based retailer Otto Group.
Mathias Schilling, a managing partner at e.Ventures, set out how the firm’s global strategy could help entrepreneurs to news provider TechCrunch in a 15 minute video interview: “If you do not get global fairly quickly you will lose markets…. A US-market leader will lose [international] markets if they don’t go there themselves.”
Schilling added in the TechCrunch interview: “[e.Ventures backed daily deals company] Groupon is a very good example of a company which has gone global very aggressively and now has more revenues internationally than in the US. On a local level, they will become market leaders in local markets.”