Exit for DHDL start-up Bitterpower

The founders and investors of Bitterpower GmbH have sold the majority of their shares. However, an investor from "Die Höhle der Löwen" remains involved.

Arcus Capital is buying a 60 percent stake in Bitterpower. The founders Andre Sierek and Jan Stratmann, as well as the investors Good Brands, Grenion Capital and Start Now previously held the shares. The two founders and "Die Höhle der Löwen" investor Judith Williams with her investment company Start Now continue to hold a minority stake. How much Arcus Capital paid for the share purchases was not disclosed.

Sierek and Stratmann will remain managing partners. Arcus Capital is expected to assist Bitterpower with strategy development, finances and potential internationalization.

Bitterpower is known from the show "Die Höhle der Löwen", where the two founders presented the nutritional supplement Bitterliebe. Sierek and Stratmann founded the start-up in 2018 and have seen strong growth since then. This year, Bitterpower expects a double-digit million turnover as well as a profit in the seven-digit range. There are currently twelve employees working for Bitterpower.