Dieter von Holtzbrinck Ventures and NORD/LB establish joint venture for the support and advancement of digital business models
Dieter von Holtzbrinck Ventures GmbH (DvH Ventures) – a subsidiary of Dieter von Holtzbrinck Medien GmbH – and NORD/LB Norddeutsche Landesbank are setting up a joint venture with the purpose of supporting and advancing business models in the sphere of modern financial technology.
Headquartered in Cologne, the newly established FinTech GmbH & Co. KG will be operating as a venture capital company, not only making capital resources available to young business founders but also assisting them with the specific expertise of the two joint venture partners in the financial and media sectors. The company will be active under the operational management of DvH Ventures and is expected to commence operations in November 2015. Its official establishment is subject to the approval of the responsible antitrust authorities.
DvH Ventures is among Germany's leading early stage investors, and invests in technology-oriented start-ups active in the development of disruptive products and services – from FinTech and big data to arts and culture, from vocational and further training through to mobile advertising. As stand-alone venture capital company and subsidiary of major German media corporation Dieter von Holtzbrinck Medien GmbH, DvH Ventures invests with capital, management support and the access to the readers of DvH Medien's publishing operations (the Handelsblatt, Tagesspiegel and DIE ZEIT publishing groups). The company's Management Board is comprised of Oliver Finsterwalder, Peter Richarz and Fabian von Trotha.
With total assets of EUR 191 billion, NORD/LB is among Germany's leading commercial banks. Its core business fields include structured financing in the energy and infrastructure sectors, ship and aircraft financing, corporate banking, commercial real estate financing, capital market business and the servicing of private and corporate customers. The bank is headquartered in Hanover, Braunschweig and Magdeburg, with branch operations in Düsseldorf, Hamburg, Munich, Schwerin and Stuttgart. Outside of Germany NORD/LB has a subsidiary in Luxembourg and branches in London, New York, Singapore and Shanghai.
NORD/LB Corporate Communication