Why We're Investing in Carsten, Felix, and Karim of WorkMotionRead more
Activant is proud to announce the opening of our second office in Berlin, headed up by Maximilian Mayer.
We’re hiring an Investment Associate to further build our team in Berlin—learn more here.
In 2011, Steve made an investment in a German e-Commerce software platform called Hybris. Its founder Carsten Thoma went on to sell the company only two years later for $1.5bn to SAP, one of the largest ever European software exits at the time. This marked Activant’s first large exit and the beginning of a story that would be continued a decade later.
Activant was founded with the strong belief that great products and great teams are built globally. Once tied to the Valley, great talent and engineers are now dispersed all over the world. Europe has long had exceptional founders and technical talent, but the market is now growing at a much faster pace, unlocking huge opportunities for entrepreneurs and investors alike.
— Steve Sarracino, Activant’s Founder
Activant had long invested in European companies, with multiple trips a year to meet founders and build relationships, but now the team began to actively explore the opportunity to open a local office. Steve met Maximilian in Berlin in February 2020 and they shared perspectives on early stage and growth investments on both sides of the Atlantic. The potential for Activant to establish a presence in Europe became more compelling. Six months later Activant and Max co-invested in Gr4vy, an international payments company with headquarters in both Europe and the US. Shortly thereafter, Activant decided to open an office in Berlin and invited Max to join the team. Here is why:
— Maximilian Mayer, Investor at Activant
We have had the pleasure working with some of Europe’s most successful software founders, including our current portfolio company NewStore’s founder Stephan Schambach who previously took 2 companies public with Intershop & Demandware, and Carsten Thoma & Moritz Zimmermann of Hybris. These foundational relationships have sown the seed for today’s announcement.
— Carsten Thoma, Founder of Hybris
We are looking forward to meeting and working with the best European founders and to helping them to build category defining infrastructure businesses in commerce, fintech, logistics, and healthcare. You’ll find us at Schwedter Str. 263 in the heart of Berlin Mitte!