Wermelskirchen, Germany
OBI Group Holding, founded in 1970, has established itself as a premier destination for DIY aficionados in Germany and across Europe. Under the rallying cry “Alles machbar.” (AnythingIsPossible), OBI empowers customers to personalize and enhance their living spaces with an extensive variety of products and services in DIY, construction, and gardening.
The company's strategy involves a robust omnichannel presence: it operates over 660 physical stores in Germany and nine other European countries, and extends its reach through digital platforms such as heyOBI. Owned by the Tengelmann Group, OBI leverages both brick-and-mortar retail and digital innovations to engage and support its customers.
The firm's last notable investment was a $9.20M venture round on October 3, 2003, facilitated by investors such as The Vertical Group, Thomas, McNerney & Partners, and Woodside Fund. This investment highlights ongoing confidence in OBI's ability to evolve and maintain its leadership in the competitive DIY market.
