Throughout the investment period, yabeo Impact has navigated an eventful course with Tapp Water Ltd., experiencing a series of challenges and successes, all of which have played an integral role in shaping the company into what it is today. We proactively undertook measures to stabilize the business, including vital changes to the leadership team, addressing quality, and profitability concerns.
We are proud to highlight the positive environmental impact that Tapp Water Ltd. has achieved throughout this journey. Over the years, the company's initiatives have resulted in the avoidance of nearly 3’000 tons of plastic and 22’000 tons of CO2, creating tangible impact for the environment while building a successful business.
Christian Dietsche, Managing Director of yabeo Impact, expressed satisfaction with the successful exit, stating, "We are happy to finalize this exit to a perfect partner that will build on the successful foundation the team has established and lead the company into a successful future with a growing impact on a more sustainable world."
Bluewater AB, the chosen strategic buyer, shares a vision that aligns seamlessly with the core values and aspirations of Tapp Water Ltd. They will retain the current brand, dedicated staff, and ensure seamless continuity of operations. As Tapp Water Ltd. enters this new chapter, the company is set to expand its footprint in Europe and beyond.
Magnus Jern, co-founder and CEO of Tapp Water Ltd., expressed his gratitude, saying, "I extend my heartfelt appreciation to our investors for their support. As we move forward with Bluewater AB, I am excited to continue as CEO and ensure a smooth continuation of our mission. Together, we look forward to a fruitful collaboration with Bluewater AB, forging a successful and prosperous future for Tapp Water Ltd."
yabeo Impact remains steadfast in its commitment to identifying and nurturing promising ventures that create measurable impact, and the successful exit of Tapp Water Ltd. underscores our dedication to creating value with sustainable business models for our investors.
About yabeo Impact:
yabeo is a venture investment and advisory company that invests in early-stage technology firms and promotes their sustainable development. yabeo's success lies in fostering company growth, scaling organizations, and implementing new technologies. yabeo Impact focuses on investing in companies that purposefully address climate change, sustainability, and the social impact of actions on society by utilizing innovative technologies and new business models. For more information, visit: https://yabeo.de/impact-fund