Bertelsmann Investments Plans to Continue High Investment Activity in 2023

Bertelsmann Investments (BI) made 54 new and 31 follow-on investments in companies and funds in the past financial year. BI pools Bertelsmann’s global venture capital activities and the newly created growth unit Bertelsmann Next, which advances the entrepreneurial development of new growth sectors and lines of business for Bertelsmann. Here, BI strengthened its commitment in the Digital Health business especially, through various fund and direct investments totaling €60 million.

Carsten Coesfeld, CEO of Bertelsmann Investments, said: “Bertelsmann Investments had a successful year in 2022 with a high level of investment activity. In the current financial year, besides investing in our funds, we will place a special emphasis on Bertelsmann Next. The main focus in the expansion of our new growth areas is on digital health, where we see great potential, especially in the U.S.”

Bertelsmann Next investments included capital commitments to the General Catalyst, YZR, and Rock Health funds, as well as acquisitions of shares in innovative healthcare companies including Ada Health, a symptom checker app, and SubjectWell, a pharmaceutical services provider. Additional investments were made earlier this year in Paytient, a provider of patient financing solutions, and in the radiology AI company Deepc.

Deniz Pielsticker, CFO of Bertelsmann Investments, explains: “Under the Group’s Boost and Next programs, Bertelsmann Investments will invest substantially in the establishment and expansion of growing companies worldwide in the years ahead. In doing so, we invest according to clearly defined criteria and aim to achieve a sustainable increase in the value of our investment portfolio.”
more at: https://www.bertelsmann.com/news-and-media/news/bertelsmann-investments-plans-to-continue-high-investment-activity-in-2023.jsp?atn=2862170&abp=2862170,2862222,

Related Posts

USPS Tests New Local Delivery Service in Texas (multichannelmerchant.com)

While UPS buys its way into last mile and on-demand delivery with Roadie, the U.S. Postal Service is piloting a same/next-day delivery service in Texas, geared toward local business-to-consumer orders that companies bring to a local USPS office to get a discounted rate. During the pilot of USPS Connect Local, small businesses can print prepaid labels using using ClickNShip, the USPS’s labeling system, and bring their packages to the dock of a post office near the final destination. The discounted rates are normally reserved for large-volume shippers. Packages must be dropped off by 7 a.m. for same-day delivery, otherwise it’s a next-day service. USPS Connect Local, launched in July, is part of the agency’s 10-year Delivering for America plan, which has a goal of adding $24 billion in net revenue growth over that period.

U.S. Postal Service Reports Fiscal Year 2023 Results

The U.S. Postal Service today announced its financial results for the 2023 fiscal year ended September 30. The net loss totaled $6.5 billion, compared to net income of $56.0 billion for the prior year. The net income last year was due primarily to the one-time non-cash impact of the Postal Service Reform Act (PSRA) in April 2022 and the results this year were significantly affected by the impact of inflation on operating expenses. Results under GAAP include retiree benefits expense for the amortization of underfunded Civil Service Retirement System (CSRS) and Federal Employee Retirement System (FERS) plans, and workers’ compensation expenses caused by actuarial revaluation and discount rate changes, as well as the impact of the PSRA for the same period last year. The Postal Service reports its adjusted results excluding these costs. Total operating revenue was $78.2 billion for the year, a decrease of $321 million, or 0.4 percent, compared to the same period last year, as package revenue increases were offset by mail revenue declines. Revenue for the overall Shipping and Packages category increased $324 million, or 1.0 percent, on a volume decline of 175 million pieces, or 2.4 percent, compared to the same period last year. Marketing Mail revenue decreased $920 million, or 5.8 percent, on a volume decline of 7.7 billion pieces, or 11.4 percent, compared to the same period last year. Total operating expenses were $85.4 billion for the year, an increase of $5.8 billion, or 7.3 percent, compared to the same period last year.

‘The Press Of Atlantic City’ Is Starting A ‘Hyperlocal’ Newspaper And Closing Six Weeklies (mediapost.com)

The Press of Atlantic City is launching what it says is a hyperlocal newspaper: The Current of Linwood, Northfield and Somers Point. It will arrive in every mailbox in those communities in the first week of October, wrote W.F. “Buzz” Keough. the executive editor of The Press of Atlantic City, on Saturday. However, the Press is ceasing publication of six remaining weekly Currents and in Atlantic and Cape May counties. “We don’t make this decision lightly: The Press has had a role in publishing the Currents/Gazettes since 1997,” Keough reports.
Back To Top
×Close search
Search