Roman Kirsch

Last updated
Roman Kirsch
Roman Kirsch.jpg
Born
Roman Kirsch

(1988-07-03) July 3, 1988 (age 35)
Almaty, Kazakhstan
Nationality German
Alma mater WHU – Otto Beisheim School of Management
London School of Economics
OccupationTech Entrepreneur
Years active2003-present
Parent(s)Waldemar Kirsch and Helene Kirsch
Website romankirsch.com

Roman Kirsch is a German serial entrepreneur and investor in the tech- and consumer-internet-space. [1] [2] [3]

Contents

Early life and education

Kirsch holds a business degree from the German business school WHU – Otto Beisheim School of Management. [4] He also has a Master of Science degree from the London School of Economics in Finance, Accounting and Management. [5] He also spent time at the University of Southern California [5] as well as the Indian Institute of Management Bangalore.

Career

At the age of 13, Roman set up a business of importing watches from China. [6] Later in 2003, at the age of 15, Kirsch founded his first company (a souvenir shop in Hamburg). [7]

In 2011, Kirsch founded Casacanda; a furniture company that was later acquired by Fab.com in February 2012, making it one of the fastest company exits in tech history for one of the youngest founders. [5] [7] [8] He spent a year as the CEO of Fab Europe until end of 2012 where he oversee the company reaching the unicorn status at a USD 1 billion valuation. [5] [9] Fab.com Berlin as the direct legal successor of Casacanda completed its insolvency procedure in January 2023. [10]

In 2012 Kirsch started investing and building multiple companies. In 2012 Roman was a founding investor of Amorelie, which became the female-focused lingerie company in Europe. In 2015 media company Pro7Sat1 acquired Amorelie, which is now valued at €100 million. [11]

In 2013 Kirsch, alongside Matthias Wilrich and Robin Müller, founded the Berlin e-commerce startup Lesara with Kirsch as the CEO of the company. [7] [12] [13] [14] The company was awarded as fastest-growing tech company in Europe in 2016 by “The Next Web” and as the fastest growing tech company in Germany in 2017 by Deloitte. [15] [16]

Through his Rapid Pioneers Group Kirsch has co-founded and invested into several consumer technology and brands with a focus on Europe. [17]

In 2015 Kirsch became the first investor and advisor in the Instagram-DTC-pioneer Fitvia. [18] In June 2019 stock-listed Dermapharm announced the acquisition of 70% of the shares in Fitvia. [19] Other consumer brands he has been a founding investor in are K-Beauty brand Yepoda, natural cosmetics brand Happyglam and couponing platform Lumaly. [20]

The total portfolio of the Rapid Pioneers Group consists of over 25 companies, including green climate tech unicorn Enpal GmbH, [21] [22] Carprice, SevenSenders, Bending Spoons, Hive logistics, everdrop and Wild Cosmetics. [23] [24] In 2022 Kirsch was awarded as one of the best 50 seed investors in Europe by Business Insider. [25]

In 2018, the company Lesara struggled with follow-on financing and had to declare bankruptcy, selling a part of the insolvency mass to Ladenzeile, a subsidiary of Axel Springer SE. [26] [27]

In April 2021, Kirsch has raised $345m in an IPO on the NASDAQ stock exchange for the investment vehicle Tio Tech. Kirsch serves as CEO of Tio Tech. [28] In April 2023, Tio Tech announced its shutdown after failing to complete a transaction within an agreed two year deadline. [29]

Awards and recognition

See also

Related Research Articles

<span class="mw-page-title-main">Metro AG</span> German multinational wholesaling company

Metro AG is a German multinational company based in Düsseldorf which operates business membership-only cash and carry stores primarily under the Metro brand. Until 2020, it was also active in the general retail business through the Real division, which was sold to an investor consortium.

<span class="mw-page-title-main">WHU – Otto Beisheim School of Management</span> German business school

WHU – Otto Beisheim School of Management is a prestigious German business school with campuses in Vallendar and Düsseldorf, Germany. WHU was founded in 1984 by the Koblenz Chamber of Commerce as the Wissenschaftliche Hochschule für Unternehmensführung; the name was modified in 1993 to honour WHU's benefactor, the businessman Otto Beisheim. As of September 2022, there are 2,082 students at WHU, about 243 employees and 59 professors. WHU is widely regarded as one of the most prestigious business schools in the German-speaking world (DACH).

Simmons & Simmons is an international law firm with headquarters in London, UK. About half of its staff are in the London office, in CityPoint, off Moorgate. It has offices in Europe, the United States, the Middle East and Asia. The firm serves customers worldwide, with practices covering asset management, investment funds, energy and infrastructure, finance, life sciences, technology, media, and telecommunications sectors.

Campus for Finance Association is a student association at the WHU – Otto Beisheim School of Management in Vallendar, Germany. It was founded in 2001 in cooperation with the Endowed Chair of Finance, held by Prof. Dr. Markus Rudolf, to support and organize the student-run “Campus for Finance”-conferences. The association annually hosts the “WHU New Year’s Conference” and the “WHU Private Equity Conference”. The mission of the association is entitled “Uniting the World of Finance”.

<span class="mw-page-title-main">Fab (website)</span> American e-commerce company (2010-)

Fab is an e-commerce company founded in 2010. Once estimated at a worth of over $1 billion, in March 2015, the digital and ecommerce assets of Fab were acquired by PCH International for an undisclosed sum and has since been relaunched as a new entity with no interaction from the original founders.

Axel Wieandt is a German manager. He has been serving as a honorary professor at WHU – Otto Beisheim School of Management since 2004.

TechStyle Fashion Group, formerly JustFab Inc., is an online, membership fashion retailer that has a portfolio of five direct-to-consumer brands including JustFab, FabKids, ShoeDazzle, Savage X Fenty, and Fabletics. Its brands carries selections of shoes, handbags, jewelry, lingerie, activewear, and denim. It offers a personalized shopping experience based on members' indicated fashion preferences. As of 2019 the company has over 5 million paying VIP members, earning revenues of $800 million.

Christopher Muhr is a German serial entrepreneur with investments and board seats in startups in Europe, Israel and North America. He is best known for co-founding Groupon International (Citydeal), Canadian Mattress brand Endy, prop tech startup McMakler and scaling Auto1 in the role of COO.

Blacklane GmbH is a German company based in Berlin which provides a chauffeur portal connecting people to professional chauffeurs via their mobile app, website and hotline. The company offers a prebooking service at a fixed rate and doesn't own its own fleet, but works with local chauffeur companies in each of its cities. Airport pickups include one hour of free waiting time, while all non-airport pickups include 15 minutes. Guests can also edit or cancel their bookings for free up to one hour before a one-way transfer.

<span class="mw-page-title-main">Aileen Lee</span> American investor

Aileen Lee is a U.S. venture capital angel investor and co-founder of Cowboy Ventures.

Rocket Internet SE is a German Internet company headquartered in Berlin. The company builds startups and owns shareholdings in various models of internet retail businesses. The company model is known as a startup studio or a venture builder.

NewStore, Inc. provides Omnichannel-as-a-Service for enterprise retail brands worldwide. Its mobile-first, modular cloud platform includes point of sale (POS), order management (OMS), inventory, store fulfillment, clienteling, and native consumer app solutions.

Antonia Albert is an Austrian business economist and entrepreneur. In 2015, she co-founded the startup Careship in Berlin, Germany as an online marketplace for in-home senior care. Albert helped raise $4 million in investor funding in 2017, and an additional $6 million in 2018. Careship has expanded to the state of North Rhine-Westphalia as well as the cities of Hamburg, Dusseldorf and Frankfurt.

Lenskart is an Indian multinational optical prescription eyewear retail chain, based in Gurugram. As of March 2023, Lenskart has more than 2,000 retail stores, three-fourths of which are in India. Its manufacturing facility in New Delhi manufactures 3 lakh glasses a month. Lenskart is building an automated factory in Bhiwadi, Rajasthan, with an annual production capacity of 5 crore glasses.

Serden Özcan is a professor and holder of the Otto Beisheim Endowed Chair of Innovation and Corporate Transformation at the WHU – Otto Beisheim School of Management in Vallendar near Koblenz. During the 2017/2018 academic year the Chair of Innovation and Corporate Transformation moved from Vallendar to Düsseldorf.

Martin Fassnacht is a German economist, professor and director of the Chair of Strategy and Marketing at the WHU – Otto Beisheim School of Managementin Düsseldorf.

<span class="mw-page-title-main">Florian Heinemann</span> German entrepreneur, venture capitalist and angel investor

Florian Heinemann is a German entrepreneur, venture capitalist and angel investor.

PlusDental is a German teledentistry company headquartered in Berlin. It produces clear aligners for patients seeking minor dental adjustments. It is available in Germany, Austria, the United Kingdom, and several other European countries.

<span class="mw-page-title-main">Robin E. Haak</span> Tech Entrepreneur and Investor

Robin E. Haak is a German political scientist, tech entrepreneur and investor from Hanover, Germany.

Julian Teicke is a German businessman and founder & CEO of wefox. He is also an investor and board member of several European tech startups.

References

  1. Li, Charmaine (16 May 2014). "Meet Roman Kirsch, the 25-year-old founder who sold his startup to Fab". Tech.eu. Retrieved 28 January 2021.
  2. Heuberger, Sarah (23 July 2020). "Das sind die bisher unbekannten Investments von Roman Kirsch". Business Insider (in German). Retrieved 28 January 2021.
  3. Bracht, Anke. "Roman Kirsch: Disruption in the cosmetics industry". The Weberbank magazine. Retrieved 28 January 2021.
  4. "WHU Alumni among Forbes "30 under 30"". WHU – Otto Beisheim School of Management. 2016-02-25. Retrieved 2017-07-10.
  5. 1 2 3 4 "Roman Kirsch". TheEuropean (in German). 2 May 2012. Retrieved 15 November 2016.
  6. Anna, Isaac (2017-01-03). "Lesara's Roman Kirsch on how to build a fashion empire". The Telegraph . Retrieved 2017-07-07.
  7. 1 2 3 "Fab Buys Casacanda For $11 million To Fight The Samwers In Europe". Tech Crunch. 20 February 2012. Retrieved 5 November 2016.
  8. "Lesara expandiert nach Frankreich". derhandel.de. Retrieved 8 August 2016.
  9. Nisen, Max. "How Fab.com went from a $1 billion valuation to a $15 million fire sale". qz.com.
  10. "Das Insolvenzverfahren ist durch Beschluss des Amtsgerichts Charlottenburg vom 11.01.2023 (AZ: 36f IN 600/17) nach…".
  11. "ProSiebenSat.1 bewertet Amorelie mit fast 100 Millionen Euro". Gründerszene Magazin (in German). 2018-07-27. Retrieved 2019-06-05.
  12. "Lesara Uses Agile Management and Data to Meet Retail Fashion Trends". insights.samsung.com. Retrieved 8 August 2016.
  13. Nadya, Khoja (20 July 2016). "Changing Clothes: How Agile Retail is Disrupting the Fashion Industry". business.com. Retrieved 8 August 2016.
  14. Lara, Martino (28 June 2016). "Roman Kirsch (Lesara): Il segreto del nostro ecommerce? Qualita, senza intermediari". startupitalia.eu. Retrieved 8 August 2016.
  15. "Lesara is Europe's fastest growing company". Ecommerce News. 2016-05-30. Retrieved 2019-06-05.
  16. "Gewinner Technology Fast 50 im Überblick". Deloitte Deutschland (in German). Retrieved 2019-06-05.
  17. "#24 How to run a company with 300+ employees in your 20s - Growth Show". pod.co. Retrieved 28 January 2021.
  18. "Fitvia: Dieser deutsche Hidden Champion macht achtstellige Umsätze mit Detox-Tee". Daily (in German). 2018-08-21. Retrieved 2019-06-05.
  19. Schnor, Pauline (2019-06-07). "Pharmakonzern kauft Tee-Startup Fitvia". Gründerszene Magazin (in German). Retrieved 2019-06-08.
  20. "Roman Kirsch: Disruption in der Kosmetikbranche". diskurs - Das Magazin der Weberbank (in German). 28 January 2020. Retrieved 18 January 2022.
  21. Ksienrzyk, Lisa (18 October 2021). "Softbank macht Enpal mit neuer Riesenrunde zum Unicorn". Business Insider (in German). Retrieved 10 August 2022.
  22. Forinyak, Eva (18 October 2021). "Solar Company Enpal Becomes Germany's First "Green Unicorn"". GTAI - Markets Germany. Retrieved 10 August 2022.
  23. Christina, Kyriasoglou (14 July 2016). "Warum ich die Zalando-App löschen musste". gruenderszene.de. Retrieved 8 August 2016.
  24. Lunden, Ingrid. "Enpal closes out Series C with $174M from SoftBank for tech to make it easier for homeowners to make the switch to solar energy". TechCrunch. Retrieved 10 August 2022.
  25. Bort, Callum Burroughs, Hasan Chowdhury, Riddhi Kanetkar, Tasmin Lockwood, Michael Cogley, Shona Ghosh, Julie. "Seed 50: The best of Europe's early-stage investors". Business Insider. Retrieved 27 September 2022.{{cite news}}: CS1 maint: multiple names: authors list (link)
  26. Preuss, Simone (18 March 2019). "What led to Lesara's bankruptcy?". fashionunited.uk. Retrieved 28 January 2021.
  27. "Lesara hat Insolvenz beantragt | MDR.DE". 3 August 2019. Archived from the original on 2019-08-03. Retrieved 28 January 2021.
  28. Martin, Iain. "HelloFresh Founder Lists $300 Million SPAC For European Tech Buyouts". Forbes. Retrieved 18 January 2022.
  29. "Tio Tech a Shutting Down | DealFlow's SPAC News". 12 April 2023.
  30. "30 under 30 Europe". forbes.com. Retrieved 8 August 2016.
  31. "Seite nicht gefunden" . Retrieved 18 January 2022.
  32. "Shaper's Profile - ROMAN KIRSCH". globalshapers.org. Archived from the original on 14 September 2016. Retrieved 8 August 2016.