Early stage venture fund Startershub, one of the first investors of the Meditopia venture, announced that it has made a partial exit from Meditopia.
We recently talked about Meditopia, which is a meditation practice, and its investments. Early stage venture fund Startershub, one of the first investors of the venture, announced a partial exit from Meditopia.
According to the information shared, Startershub made a partial exit from Meditopia with a 49x valuation. The reason we partially evaluate Exit is that Startershub did not sell all of the Meditopia shares it holds. Let’s add that the exit in question is the first exit of Startershub.
Startershub, which is the first fund to invest in Meditopia in 2016, had a 10 percent share by investing 100 thousand dollars in seeds over a 1 million dollar valuation.
When we came to 2020, we conveyed to you that Meditopia completed its fourth investment round by receiving a valuation of 60 million dollars and an investment of 15 million dollars in July. According to the information shared, Startershub, after this development, holds 27 percent of the shares it holds, Germany-based Atlantic Labs IV GmbH & Co., which is another investor of Meditopia. Sold to KG.
In short, Startershub sold 1.02 percent of Meditopia to Atlantic Labs IV GmbH & Co. KG. It should be noted that Startershub currently holds 2.79 share of Meditopia.