Luxempart has invested in Boxine, the creators and founders of tonies®, alongside the German holding company Armira. The consortium around Armira, including Luxempart and other co-investors such as ATHOS Service GmbH and the family office of the Strüngmann family, will support the two founders and managing partners Patric Faßbender and Marcus Stahl in the realisation of the next phase of the development of Boxine and notably the roll-out of its internationalisation strategy.

John Penning, Head of Direct Investments of Luxempart, says: “As from our first meeting we have been impressed by the tonies® audio system as well as the enthusiasm and dedication of the two founders which have allowed to build the Toniebox into a success story in the DACH region. Furthermore we are convinced that with the support of Armira and Luxempart, Boxine will be able to replicate its success internationally and continue its tremendous growth trajectory over the coming years.”

In an effort to increase its exposure to the digital economy and disruptive business models, Luxempart has decided to increasingly invest in growth stage companies over the last years as evidenced by investments in the venture capital fund of funds Quadrille and Mangrove as well as direct investments in E-Commerce companies such as Zooplus, the listed online specialty pet food retailer, and Campings.com, the online marketplace for overnight stays and holidays in mobile homes.