Our 2018 Guest ProGlove Makes ”Monster Exit” at around 500 m € — Plans to Be The Next Teamviewer
- Juan Diego Parra Castillo
- 2 days ago
- 3 min read
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
This article is part of our coverage of Scaleup Founder Interviews from Germany, Austria, and Switzerland.
Executive Summary
This blog post first appeared first on old medium publication (https://medium.
Our motto is “be ahead of the curve.
Global Fintech Awards (made it only into the finals).
While we have been there, we did a few interviews with German startups, just entering the US market via the German Accelerator NYC Program and German Entrepreneurs, which are already successful in the US.
We interviewed several employees and entrepreneurs on top of the building in which the German Accelerator is located in lower Manhattan.
warehouse by Pixabay
New Blog
Our 2018 Guest ProGlove Makes ”Monster Exit” at around 500 m € — Plans to Be The Next Teamviewer Startuprad.io brings you independent coverage of the key developments shaping the startup and venture capital landscape across Germany, Austria, and Switzerland.
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
Be ahead of the curve
Our motto is “be ahead of the curve.” So we are always happy when we can provide you with exclusive data, which no one else has, exclusive in-depth content, or identify startups early on, that later make national or international headlines e.g. IDnow, FastBill or Meetfox
Be (4 years) ahead of the curve
Back in 2018, we traveled to NYC since we have been nominated for the
Benzinga
Global Fintech Awards (made it only into the finals).
While we have been there, we did a few interviews with German startups, just entering the US market via the German Accelerator NYC Program and German Entrepreneurs, which are already successful in the US.
We interviewed several employees and entrepreneurs on top of the building in which the German Accelerator is located in lower Manhattan. One of them was an (at this time) pretty unknown startup called ProGlove from Munich. They offer a barcode scanner, which is fixed on the back of the hand on a glove. With this setup, employees can scan codes and have their hands free all the time. See the Youtube Playlist below:
Back to the present exit by ProGlove
Now an article by one of Germany’s largest and most respected newspapers FAZ states that the company has been sold to Private Equity fund Nordic Capital for an estimated 500 m € (~ 527 m US$). This by itself is astonishing by German standards. Also, you should know ProGlove’s CEO Andreas König. He has been the CEO of Teamviewer, which was first bought by a private equity fund for reportedly one billion euros and later listed, making it in Germany’s mid-cap stock index MDAX.
When Mr. König was asked if he sees a similar development for ProGlove as for Teamviewer, he confirmed that this is the plan. „Das ist der Plan, ja. Die Firma hat wirklich das Potential, richtig groß zu werden.“
You can learn more about ProGlove in this YouTube video. Please note that we also edit in a bit where we show the glove, so the videos has never been turned into an audio podcast.
Key Takeaways
Now an article by one of Germany’s largest and most respected newspapers FAZ states that the company has been sold to Private Equity fund Nordic Capital for an estimated 500 m € (~
This article covers a significant development in the DACH startup and venture capital ecosystem.
The DACH region (Germany, Austria, Switzerland) continues to be one of Europe's most dynamic startup markets.
Frequently Asked Questions
What are the key facts about 2018 Guest ProGlove Makes ”Monster?
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
How does this affect the German startup ecosystem?
While we have been there, we did a few interviews with German startups, just entering the US market via the German Accelerator NYC Program and German Entrepreneurs, which are already successful in the US.
What are the latest startup funding trends in the DACH region?
Startuprad.io tracks venture capital and startup funding across Germany, Austria, and Switzerland. Explore our pillar coverage pages for the latest data.
About the Host
Joern "Joe" Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem. Through more than 1,300 interviews and nearly a decade of reporting, he documents the evolution of the European startup landscape. Follow Joern on LinkedIn.
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