Company Holdings

As the world’s leading digital specialist retailer for bicycles, Internetstores Group gets more people on bikes than anyone else. Well-known platforms such as fahrrad.de, Bikester, Probikeshop, Campz and Addnature carry over 130,000 products and 1,300 brands.

Rene Marius Köhler founded the company in 2003 and ran it as CEO until 2016. He sold the majority stake to SIGNA, but still holds a minority stake in the company.

YouTube

By loading the video, you agree to YouTube's privacy policy.
Learn more

Load video

YouTube

By loading the video, you agree to YouTube's privacy policy.
Learn more

Load video

Internetstores Icon

Leading digital specialist retailer for Bike & Outdoor

Internetstores has more than 40 online shops in 15 countries. The goods are shipped directly to the customer from six international logistics centres. The range includes brands such as Votec, Fixie Inc., Ortler and Serious, which are marketed exclusively and have won awards. This extensive range is complemented by stores in Germany, Sweden and France, as well as a growing service network of mobile and local partners.

Based in Berlin, Germany, SIGNA Sports United is a leading global sports e-commerce and tech platform in Bike, Tennis, Outdoor and Team Sports with more than 7 million active customers and close to 500 million annual webshop visitors. SIGNA Sports United combines iconic webshop brands such as Wiggle, Chain Reaction Cycles, Fahrrad.de, Bikester, Probikeshop, Campz, Addnature, Tennis-Point, TennisPro, Outfitter and many more. More than 1,000+ brand partners, 500+ independent offline retailers and more than 15 million digital sports community members are connected to its platform.

Rene Marius Köhler sold INTERNETSTORES to SIGNA in 2016, and subsequently acquired a stake in the Group in 2017.

News: SIGNA Sports United to go public on NYSE through Combination with Yucaipa Acquisition Corporation

CEO Message

Vimeo

By loading the video, you agree to Vimeo's privacy policy.
Learn more

Load video


SSU Overview

Vimeo

By loading the video, you agree to Vimeo's privacy policy.
Learn more

Load video


signa-icon

Leading global sports e-commerce & technology platform

SIGNA Sports United enjoys a leading market position in the fast-growing bike, tennis, outdoor and team sports categories and has direct access to the USD 1.1 trillion global sports market. SIGNA Sports United's initial public offering on the New York Stock Exchange will further strengthen its market-leading position and accelerate its global expansion in the coming years. The company enjoys a sustainable positive balance sheet with profitable organic growth of more than 25% annually over the last three years.

Jet App

Deutschland Schweiz Österreich Italien Großbritannien Frankreich Spanien

In 2017, the KOEHLER GROUP together with Philipp Schlüren founded the JetApp GmbH, a digital booking platform for private jets. JetApp has set itself the goal of being the only private jet booking platform that offers instant and fully digitized booking and single-session payment processes. Driven by strong sales growth averaging over 50% annually and a successfully implemented internationalization strategy in 7 European countries, the company managed to break even in the third year after it was founded. As of 2020, JetApp was also able to continue achieving this revenue growth despite the Corona crisis.

iOS Appstore IconGoogle Play Store Icon

The market potential

The global market for private flights is large ($ 13 billion) but extremely fragmented. It is characterized by many small and local flight agents who only offer a limited number of aircrafts and airlines. In addition, they have little digital skills, because compared to commercial flight brokerage, booking a private jet is still an archaic customer experience. In a non-digitized booking process, the booking and payment of a private jet takes place via a number of contact points via email and telephone and is extremely time-consuming. The market for private flights is therefore one of the few remaining markets for travel verticals that still have to be digitized as well as transferred to e-commerce and, at the same time, has many times larger shopping cart sizes. This results in the attractive combination of creating a marketplace and thus an e-commerce platform that establishes a fully digital link between all private aviation market participants.

Further direct Company Holdings

Revolut

Revolut was founded in 2015 and is headquartered in London. Over the course of just four years, it has developed into one of Europe’s leading fintech start-ups. More than 8 million clients already hold an account with Revolut, and around 20,000 new accounts are opened every day. Revolut’s products are an alternative to traditional banks and appeal to clients thanks to their digital-first approach.

Revolut was valued at around USD 5.5 billion when the KOEHLER GROUP invested.  The company valuation was USD 33 billion in the 2021 financing round, which was led by SoftBank and Tiger Global Management.

The KOEHLER GROUP invested in the company in 2020 and is supporting its future growth and expansion.

Moonfare

Moonfare is a technology platform via which private persons and their advisors gain access to the TOP private equity funds and can invest in them online, in a completely straightforward manner.

In the past, this was reserved for institutional investors and only a few private individuals, due to the minimum investment amounts per fund, usually of several million euros. Due to the more than twice as high average returns compared to the stock market (Global PE Index Top Quartile vs. S & P 500) over the past 10, 15 and also 20 years, there is a huge, largely unsatisfied demand from private investors to invest in the TOP PE funds.

Over 13,000 users are currently active at Moonfare and have already invested more than 1 billion euros in these TOP private equity funds via the platform. The KOEHLER GROUP has been a founding investor in Moonfare since 2017.

GoTo Group

The GoTo Group is the largest technology group in Southeast Asia. The company combines the business segments of e-commerce, on-demand and financial services with the brands Gojek, Tokopedia and GoTo Financial and has successfully launched the first platform in Southeast Asia that unites these three segments in one ecosystem.

The GoTo Group was created from a merger of Gojek and Tokopedia in 2021. The group was able to record 1.8 billion transactions in 2020 and has an ecosystem that accounts for 2% of Indonesia’s gross domestic product.

KOEHLER GROUP invested in Gojek at a valuation of $10 billion in 2019 and became a shareholder in GoTo as a result of the merger.

Boxine / Tonies & Toniebox

Boxine GmbH has been developing and marketing the Tonies and the Toniebox since 2016. This audio system for children between the ages of three and ten consists of an audio player (the Toniebox) and matching figurines to go with it (the Tonies). This new type of audio player turns audio content into something children can literally touch, thereby creating a completely new audio experience.

The company has already won numerous awards, such as the German Founders Prize 2019 in the “ young entrepreneurs” category. More than 2 millions Tonieboxes and over 20 million Tonies have already been sold, as of February 2021.

The KOEHLER GROUP invested in the company in 2019 and is supporting the founders, plus its lead investor Armira, in developing the company further and rolling it out internationally.

Perfect Day

Perfect Day is a biotech company from Silicon Valley. It has developed a fermentation process for the manufacture of animal-free protein identical to that found in real cow’s milk. This process is used to produce animal-free milk products, both by the company independently and in partnership with leading food companies.

The company was founded by Forbes Prize-winners Ryan Pandya and Perumal Gandhi, and is seen as a market leader in its field. In March 2021 it was named one of Fast Company’s “Most Innovative Companies”.

The KOEHLER GROUP invested in the company in 2021 and is helping to further its growth.

7 GLOBAL CAPITAL

The private equity fund 7 GLOBAL CAPITAL invests in technology companies around the world. 7 GLOBAL CAPITAL focuses on young, growing tech companies, primarily in the European and US markets. 7 GLOBAL CAPITAL offers its backing to innovative ideas and unique products, coupled with secure corporate structures and financial strength. The fund also actively encourages US companies to expand into the European market. In 2018, 7 GLOBAL CAPITAL won the prestigious “Rising Star” award as the best European venture capital fund at the “Private Equity Exchange & Awards” in Paris.

The KOEHLER GROUP has been a “general partner” in 7 GLOBAL CAPITAL since 2017, via the joint holding company SP Global Capital.

Seven Senders

Seven Senders develops a B2B solution for parcel shipping for online stores. The service enables online stores to deliver more cheaply to other European countries; currently, over 50 countries and more than 100 carriers are connected. Since March 2020, the company has doubled its revenue and achieved 100 million euros in annual sales. In 2021, a Series C financing of 32 million euros took place, which will be used for further technical expansion as well as the continuation of the internationalization strategy.

KOEHLER Capital Partners GmbH acquired a minority stake in the company together with btov partners in 2017 and supports the founders in the further expansion of the company.

Jakt.se, Fiske.se & Hund.se

Norrländska Vapenaffären Aktiebolag operates three online shops in Sweden (Jakt.se, Fiske.se and Hund.se), as well as an affiliated brick-and-mortar specialist shop in Sundvall. They sell hunting equipment, fishing paraphernalia and dog accessories.

The owners are highly experienced internet entrepreneurs (with addnature.com and apotea.se, among other sites). KOEHLER Capital Partners GmbH acquired a significant minority stake in the company in 2017 and is supporting the existing team with the company’s further development.

Trendcarpet & Hatshop

Cama Gruppen AB operates two online shops (Trendcarpet and Hatshop) in Scandinavia, Germany, England, France, Belgium, Holland and Switzerland. These shops sell a wide range of textiles that offer excellent value for money.

Their owners are highly experienced Internet entrepreneurs, as well (with addnature.com and apotea.se, among other sites). KOEHLER Capital Partners GmbH acquired a significant minority stake in the company in 2016 and is supporting the existing team as they continue to develop the company.

Investments via private equity funds

Since 2016, the KOEHLER GROUP has been investing in private equity funds offered by well-known providers. The KOEHLER GROUP uses this investment capital to support outstanding privately owned companies as they grow and develop into market-leading global corporations.

Exits

The KOEHLER GROUP was able to support the following companies after the investment up to a successful exit.