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Ringier Digital Ventures joins international investors in acquiring a stake in Service Partner ONE

Ringier Digital Ventures joins international investors in acquiring a stake in Service Partner ONE

 

Service Partner ONE operates the first digital multi-service office-management platform. Founded in 2015, the company operates as a central provider for all office-related needs, providing tailor-made solutions for the modern office working environment. In addition to cleaning services, consumables and office supplies, not to mention fruit, beverages and coffee, Service Partner ONE also provides its customers with everything from water coolers and fully automated coffee machines to the services of skilled tradesmen. Everything is provided from one and the same source and billed in one overall invoice.

Since it was first established in spring 2015, this startup company has now signed up over 500 customers in six different cities. The list includes such renowned names as McKinsey, Siemens, Commerzbank, Twitter and Spotify. Every day, Service Partner ONE supplies the needs of more than 20 000 people. All deliveries are digitally and transparently logged on the company's ServiceBase, which acts as a central interface between service providers, suppliers, customers and Service Partner ONE. In addition to the 60 staff it employs in Germany, since May 2016 a further ten employees have been working on its UK expansion from their new London office.

This series A financing round will generate in excess of 10 million US dollars, thus providing the startup with the funding it needs for its further international expansion. In addition to Ringier Digital Ventures, this round, led by EQT Ventures, has also attracted funding from Earlybird, Target Global, Rheingau Founders and Vito Ventures.

In the words of David Hug, Ringier Digital Ventures AG's Managing Director: “We see great potential in the office-management market, particularly in Switzerland. Having identified these opportunities at an early stage, the team at Service Partner ONE have, in the space of a few short months, developed to become the leading digital provider of facility services for SME offices in Europe.”

Sven Hock, CEO and co-founder of Service Partner ONE, adds: “We are delighted to have strong investors on board. In Ringier Digital Ventures we have found a partner who will play a decisive role in the Swiss market début we plan to execute in the medium term.”

Established as a venture capital business in January 2015, Ringier Digital Ventures has investable assets of CHF 30 million and plans to complete between five and eight new transactions each year, either in a lead-investor or co-investor role.

Ringier AG, Corporate Communications