InterNations GmbH
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InterNations GmbH - overview
Established
2007
Location
Munich, -, Germany
Primary Industry
Internet
About
InterNations GmbH is a global platform that connects expatriates and international professionals through social networking, facilitating community engagement in over 420 cities worldwide. Founded in 2007 by Amanda Weimer and Philipp von Plato, InterNations GmbH is headquartered in Munich, Germany. The firm has executed 6 deals, with the most recent being a TRADE SALE in July 2017, where XING AG acquired the company for EUR 10 million. The company has not undergone any notable pivots in its business strategy since its establishment.
InterNations operates as a comprehensive platform designed to connect expatriates and global minds across the globe. Their core offerings include a social networking service that facilitates connections among expatriates in over 420 cities worldwide, allowing members to join local communities, participate in events, and access destination guides. Through these offerings, InterNations addresses the unique challenges faced by expatriates, such as social integration and information dissemination about living in foreign countries. The platform acts as a resource for individuals seeking to navigate their new environments, providing valuable tips and advice tailored to diverse international contexts.
The company primarily serves individuals relocating for work, study, or personal reasons, targeting a global audience of 5. 6 million members. InterNations generates revenue primarily through membership subscriptions and partnerships. Membership options include tiered plans that may offer varying levels of access to exclusive events and content, enhancing community engagement among users.
The structure of transactions is direct to consumers, with users subscribing to gain access to a variety of services, including access to local events and curated destination guides. The company actively organizes approximately 6,000 events and activities each month, fostering direct interaction within its member base. Through these events, InterNations not only enhances the member experience but also solidifies its brand presence within the expatriate community, driving ongoing participation and subscription renewals. Following its acquisition by XING AG in July 2017, InterNations plans to enhance its platform offerings and expand its reach into new geographic regions.
Specific expansion efforts may target additional cities within Europe and Asia by the end of 2023. The funding from the TRADE SALE will support the development of new products aimed at improving user engagement and facilitating broader community connections among expatriates.
Current Investors
HV Capital, Astutia , VM Digital Beteiligungs GmbH
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform, Information Services
Website
www.internations.org
Company Stage
Acquired
Total Amount Raised
Subscriber access only

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