Rutgers & Posch advises TravelBird on equity financing

Rutgers & Posch has advised TravelBird on obtaining further equity financing. The owners of the German online shop Zalando have thereby increased their stake in the Amsterdam based online travel organization. The financing will help TravelBird to grow and improve quality, said Symen Jansma, co-founder of TravelBird, in De Financiële Telegraaf of 19 November 2014.

Through their investment vehicle Global Founders Capital the German brothers Samwer obtained a minority interest in TravelBird earlier this year. With this follow-on investment, their stake increased to 16.4 per cent. This sets the value of TravelBird at 140 million euro.

TravelBird has been incorporated in 2010. Since then, the travel organization has grown from eight to seventeen European countries and has tripled its staff to 500 globally.

The team of Rutgers & Posch consisted of Robert ten Have and Babette Waltman.

TravelBird sluit vrede met ‘oude’ reisbranche, Het Parool 20 november 2014

Hoe TravelBird de Duitse miljoenen binnesleepte, Management Team, 19 November 2014