Linus becomes a public limited company
The start-up has set itself an ambitious growth course.
Via Linus Digital Finance, anyone can participate in construction projects as a co-investor. Now the Berlin-based start-up is transforming itself into a public limited company and appointing a top-class supervisory board.
The supervisory board is headed by Verena Mohaupt, who is a partner at venture capitalist Findos and a practiced supervisory board member, for example at home24. "I am very much looking forward to accompanying Linus in continuing his great success story from now on," says Mohaupt. At her side are various business angels such as Christian Vollmann, among others founder of nebenan.de, or venture capitalist Kristian Schmidt-Garve.
The board of directors is formed by former Goldman Sachs banker Frederic Olbert as CFO, who has been with Linus since 2019, and founder David Neuhoff as CEO: "The new structure as an AG is the next logical step for us to be able to sustainably maintain and once again increase our high rate of expansion," says Neuhoff.
By the end of the year, the start-up wants to significantly increase its number of employees. In the long term, it also wants to have raised one billion euros from co-investors via its platform. To do this, it is putting tens of millions of euros into expanding its platform. The start-up was built with money from Alexander Samwer, one of the founders of Rocket Internet.
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