Roman Kirsch

Last updated
Roman Kirsch
Roman Kirsch (2024).jpg
Born
Roman Kirsch

(1988-07-03) July 3, 1988 (age 37)
Almaty, Kazakhstan
NationalityGerman
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 acquired by Fab.com in February 2012, marking one of the quickest exits in tech history for an e-commerce startup and making Kirsch one of the youngest founders to achieve this milestone. [5] [7] [8] He subsequently served as CEO of Fab Europe until the end of 2012, during which he oversaw the company’s expansion and its rise to unicorn status with a valuation of USD 1 billion. [5] [9] Fab ultimately failed to sustain its growth and sold its remaining assets in a fire sale reportedly valued at just $15 million by 2015. [10]

In 2013 Kirsch, alongside Matthias Wilrich and Robin Müller, founded the Berlin fashion startup Lesara with Kirsch as the CEO of the company. [7] [11] [12] [13] Despite rapid growth and recognition, such as being named Europe's fastest-growing tech company by The Next Web in 2016 and Germany's fastest-growing tech company by Deloitte in 2017, Lesara faced significant challenges. In November 2018, the company filed for insolvency after failing to secure a crucial €10 million bridge financing round.

Through his venture studio Rapid Pioneers Group, Kirsch has co-founded and invested in over 30 consumer tech and brand ventures across Europe. [14] In 2012 Roman became the co-founder and investor of Amorelie, which grew into a leading female lingerie brand in Europe. In 2015 media company Pro7Sat1 acquired Amorelie, which is now valued at €100 million. [15] He was the first investor and advisor in Instagram-native wellness brand Fitvia in 2015, [16] which was 70% acquired by Dermapharm in 2019. [17] Other founding investments include K-Beauty brand Yepoda, HR-tech firm Global Talent Co., and coupon platform Lumaly. [18] The portfolio also includes green tech unicorn Enpal GmbH, [19] [20] as well as Bending Spoons, LAP Coffee, everdrop, and Wild Cosmetics. [21] [22]

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. [23] In April 2023, Tio Tech announced its shutdown after failing to complete a transaction within an agreed two-year deadline. [24]

Awards and recognition

See also

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". TechCrunch. 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". Quartz. Retrieved 5 November 2016.
  10. https://qz.com/300825/how-fab-com-went-from-a-1-billion-valuation-to-a-15-million-fire-sale
  11. "Lesara Uses Agile Management and Data to Meet Retail Fashion Trends". insights.samsung.com. Retrieved 8 August 2016.
  12. Nadya, Khoja (20 July 2016). "Changing Clothes: How Agile Retail is Disrupting the Fashion Industry". business.com. Retrieved 8 August 2016.
  13. Lara, Martino (28 June 2016). "Roman Kirsch (Lesara): Il segreto del nostro ecommerce? Qualita, senza intermediari". startupitalia.eu. Retrieved 8 August 2016.
  14. "#24 How to run a company with 300+ employees in your 20s – Growth Show". pod.co. Retrieved 28 January 2021.
  15. "ProSiebenSat.1 bewertet Amorelie mit fast 100 Millionen Euro". Gründerszene Magazin (in German). 2018-07-27. Retrieved 2019-06-05.
  16. "Fitvia: Dieser deutsche Hidden Champion macht achtstellige Umsätze mit Detox-Tee". Daily (in German). 2018-08-21. Retrieved 2019-06-05.
  17. Schnor, Pauline (2019-06-07). "Pharmakonzern kauft Tee-Startup Fitvia". Gründerszene Magazin (in German). Retrieved 2019-06-08.
  18. "Roman Kirsch: Disruption in der Kosmetikbranche". diskurs – Das Magazin der Weberbank (in German). 28 January 2020. Retrieved 18 January 2022.
  19. Ksienrzyk, Lisa (18 October 2021). "Softbank macht Enpal mit neuer Riesenrunde zum Unicorn". Business Insider (in German). Retrieved 10 August 2022.
  20. Forinyak, Eva (18 October 2021). "Solar Company Enpal Becomes Germany's First "Green Unicorn"". GTAI – Markets Germany. Retrieved 10 August 2022.
  21. Christina, Kyriasoglou (14 July 2016). "Warum ich die Zalando-App löschen musste". gruenderszene.de. Retrieved 8 August 2016.
  22. 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.
  23. Martin, Iain. "HelloFresh Founder Lists $300 Million SPAC For European Tech Buyouts". Forbes. Retrieved 18 January 2022.
  24. "Tio Tech a Shutting Down | DealFlow's SPAC News". 12 April 2023.
  25. "30 under 30 Europe". forbes.com. Retrieved 8 August 2016.
  26. "Seite nicht gefunden" . Retrieved 18 January 2022.
  27. "Shaper's Profile – ROMAN KIRSCH". globalshapers.org. Archived from the original on 14 September 2016. Retrieved 8 August 2016.
  28. Kanetkar, Julie Bort, Shona Ghosh, Callum Burroughs, Michael Cogley, Tasmin Lockwood, Hasan Chowdhury, Riddhi. "Seed 50: The best of Europe's early-stage investors". Business Insider. Retrieved 2025-04-22.{{cite web}}: CS1 maint: multiple names: authors list (link)