In our segment Commerce & Ventures, we bundle the growth business of ProSiebenSat.1 Group and thus our entire investment activities. Through a wide range of investment forms, we are able to support companies in various growth phases: From seed financing to media-for-revenue and media-for-equity deals to strategic majority investments. The beginning of our value chain represents SevenAccelerator which is part of our investment arm SevenVentures. These businesses support companies through media-for-revenue or media-for-equity deals with our TV and digital reach, thus increasing the respective brand awareness. In addition to these minority interests, the segment also includes the strategic interests of our investment vehicle SevenGrowth as well as the portfolio of majority interests of NuCom Group.