The Asia CEO for J. Walter Thompson
einhorn products, one of Europe’s leading sex tech companies to deliver best in class condom solutions for male hardware just didn’t close a Series A or Series B funding. The list of investors include absolutely nobody. Not even Sequoia Capital, Accel Partners, Index Ventures or the infamous Samwer brothers at Rocket Internet. The Berlin based company raised a €0.0 million sum at a mid-nine-digit evaluation.
Waldemar Zeiler, co-founder and Chief Executive Unicorn stated: “We are so thankful for the time we saved on fundraising and could instead fully focus on our product and customers. This spectacular funding round also allows us to keep full control of our company since we didn’t have to give away equity.”
einhorn with its non-proprietary condom solution and definitely no algorithm developed whatsoever has disrupted the condom industry with a unicornique agile approach and has scaled all over Europe except for France, Italy, Spain, Poland, Belgium, Greece, Sweden, Norway, Denmark, Finnland, certainly not UK, Iceland and a lot of other European countries. Only 2 years after they have started their business in 2015 they surpassed the first million in revenues last year and are growing profitably ever since.
Renowned retailers like dm, Edeka, Rewe and online giant Amazon are short standing clients of einhorn and einhorn hopes not to lose them because their online shop does not really contribute enough to pay for its 20 employees.