Hubert Burda Media’s Investment in Nebenan.de


P+P Pöllath + Partners advised Burda.

As part of a series B financing round, Hubert Burda Media acquired a majority stake in Good Hood GmbH, to which the neighborhood platform belongs. The founders will remain shareholders of Good Hood GmbH.

Burda has been a significant majority shareholder of Good Hood GmbH since 2016. Deutsche Tele Medien GmbH, Nordwest-Zeitung Verlagsgesellschaft and the venture arm of the Pressedruck Augsburg media group are also invested.

Burda has been a significant majority shareholder of Good Hood GmbH since 2016. Deutsche Tele Medien GmbH, Nordwest-Zeitung Verlagsgesellschaft and the venture arm of the Pressedruck Augsburg media group are also invested.

Nebenan.de has been around for five years and now has 8,000 neighborhoods with a total of around 1.7 million users in Germany.

Through the platform, the founders support the networking between people who live next door to each other, but often don’t even know each other. Particularly in Corona times, the number of members has grown significantly and the exchange between neighbors has increased considerably, be it that neighbors take over shopping for each other and other offers of help, as well as establishing local group gatherings.

Hubert Burda Media Holding is a German media group with headquarters in Offenburg. It originated as a small printing business.

P+P Pöllath + Partners team was led by Christian Tönies (Picture), Sebastian Gerlinger, Daniel Wiedmann and Markus Döllner.

Involved fees earner: Markus Döllner – P+P Pöllath + Partners; Sebastian Gerlinger – P+P Pöllath + Partners; Christian Tönies – P+P Pöllath + Partners; Daniel Wiedmann – P+P Pöllath + Partners;

Law Firms: P+P Pöllath + Partners;

Clients: Hubert Burda Media Holding GmbH & Co. ;