“Deal is dead”: Why this internal power struggle could now become very dangerous for McMakler
A collapsed deal, an escalating power struggle: McMakler is in the midst of a crisis. Two major investors are vying for control – risking the company's fate.
"Manager Magazin" calls the current developments at McMakler a "bizarre showdown." As the magazine reports, a new financing round for the proptech startup has fallen through for the time being . The framework conditions for this round are particularly noteworthy.
McMakler has been in negotiations for a new round of financing for some time now, which Gründerszene has also learned about from insiders.
A power struggle between VCs Target Global and IGP has now escalated, reports "Manager Magazin." An insider confirmed the incident to Gründerszene.
According to a person familiar with the matter, both Target Global and Israel Growth Partners (IGP) have submitted "hard-hitting term sheets" that would grant them significant control over the company.
The situation is apparently so serious that investors are holding each other up in arms. If a deal doesn't materialize, it could spell the end for McMakler. We spoke to an insider – and also to McMakler himself.
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