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11.10.2021

Weitnauer advises Messenger People on acquisition by Sinch

Munich – Swedish Sinch AB is acquiring Messenger People, a German software-as-a-service platform for conversational messaging. For this purpose, both companies reached an agreement in which a purchase price of 48 million euros was set.

 

Of this amount, 33.6 million will be paid in cash and a further 14.4 million in the form of new Sinch shares. The shares held by the previous shareholders have lapsed. The transaction is expected to be completed in the fourth quarter of 2021, the signing has taken place. With the purchase of Messenger People, the company aims to complement its own API-based offering for larger enterprises and channel partners. It is the third corporate acquisition this year for NASDAQ Stockholm-listed Sinch. After integrating Inteliquent and Message Media, Sinch is also currently negotiating with Pathwire, a cloud-based email platform valued at $1.9 billion.

 

Munich-based Messenger People was founded in 2015 and employs about 40 people. The company offers a cloud-based software suite that makes it easier for businesses to communicate with their customers via Messenger apps such as WhatsApp or Telegram. The software is used by more than 700 companies, around 80 percent of which are based in the DACH region. Pre-sales activities and customer support services account for around 85 percent of the volume. A majority of enterprise customers are in the e-commerce, automotive and media industries, but government agencies also use the software offerings. Current customers include tourism group Tui, e-commerce specialist Women's Best and the government of the Indian state of Telangana. For the current fiscal year, Messenger People expects revenues of 5.1 million euros and gross profits of 4.5 million euros.

 

Weitnauer M&A specialists Marc René Spitz and Dr. Tobias Schönhaar provided joint and comprehensive legal advice to Munich-based Messenger People. This time-critical transaction is based on a complex structure. The buyer Sinch handled the deal through a US subsidiary. This subsidiary, in turn, founded a non-operational subsidiary for this purpose, which in turn was merged with the target company. The transaction was therefore a share deal under US law.

28.09.2021

Weitnauer advises medical technology startup Smarterials Technology on its second seed financing round

Berlin – Medical technology startup Smarterials Technology GmbH has successfully closed its second round of financing. Led by High-Tech Gründerfonds (HTGF), pre-seed investors Think. Health Ventures and Emanet are investing a total of nearly €1 million in the Berlin-based company. The new funding will be used to complete final development steps and prepare production for the mass market.

 

Based on innovative materials, Smarterials Technology develops surgical gloves with a double barrier function and perforation indicator that help reduce the risk of injury and infection among healthcare workers. This helps to avoid follow-up costs due to contamination with potentially infectious foreign blood - an estimated 500,000 cases with follow-up costs of up to 1,600 euros per case in Germany alone. In addition, the innovative double-layer gloves speed up the donning process, thereby improving workflow in hospitals and care facilities.

 

The Smarterials team was also able to convince the EU Commission of their innovative product and will receive grants of 1.85 million euros as part of the Horizon 2020 SME Instrument (Phase II) funding program.

 

Prof. Dr. Hans-Eric Rasmussen-Bonne and Andreas Michael provided comprehensive legal advice to Smarterials at the Berlin office in this financing round. The law firm Weitnauer regularly represents both investors and companies in financing rounds.

 

About Smarterials Technology GmbH

Smarterials Technology GmbH, located in the Berlin-Adlershof Technology Park, was founded in 2016. The company develops medical products based on innovative materials that help reduce the risk of injury and infection for employees in the medical and care sectors. Start-up financing for the company was provided by Investitionsbank Berlin (IBB).

16.09.2021

Weitnauer advises coboworx on seed financing round of € 4.5 million

Robotics company coboworx raises €4.5 million in a seed funding round led by Picus Capital and Team Global, with participation from pre-seed investor Paua Ventures. A number of prominent business angels are also participating, including Florian Huber (united-domains.de, neubaukompass.de), Robert Maier (Ladenzeile.de), Rubin Ritter (Zalando), Florian Seubert (Zooplus.de, Zalando), Christian Vollmann (Nebenan.de) and Michael Wax (Forto.de). Coboworx plans to use this funding to develop process-ready robot solutions from standard modules for a wide range of applications. The most important target group is small and medium-sized enterprises (SMEs).

 

The coboworx founders share the vision of making robotics an attractive and profitable tool for all companies in their production. High prices, complex programming and long implementation times have so far prevented a wider spread of robots, especially in SMEs. coboworx revitalizes the market with process-ready robot cells as plug-and-play solutions for SMEs. The open system design with integrated robot ecosystem allows SMEs a fast start-of-production and short payback times, as there is no need to involve external system integrators or build prototypes. In addition to the hardware, the experienced team has also developed the software platform, which also leaves scope for external software developers and will result in an app store for modern robotics.

 

Prof. Dr. Hans-Eric Rasmussen-Bonne, Andreas Michael, Dr. Sven Schilf und Dr. Jens Ginal provided comprehensive advice to coboworx at the Berlin office in this financing round, including corporate law, IP law and employment law. Weitnauer regularly represents both investors and companies in equity, venture debt and mezzanine financing rounds.

03.08.2021

Weitnauer advises Evonik on acquisition of biotech company JeNaCell

Essen – Evonik is fully acquiring the German biotech company JeNaCell, thus adding biotechnologically derived cellulose to its own portfolio of biomaterials. The nature-identical material developed by JeNaCell is used in medical technology and dermatology to treat wounds and burns and to soothe the skin. JeNaCell employees will continue to work at the development and production site in Jena.

 

Evonik Operations GmbH has acquired all the existing investors' shares in JeNaCell GmbH and will also provide the company with strategic support in the future. A team of investors that had grown since 2012 was involved in JeNaCell: In addition to Evonik Venture Capital and HTGF, the investors included Sparkasse Jena-Saale-Holzland, Stiftung für Technologie, Innovation und Forschung Thüringen (STIFT), and Stiftung Thüringer Beteiligungskapital (ThüB).

 

Following the complete takeover, the JeNaCell portfolio will now be integrated into Evonik's health care business. The Group is consequently accelerating the further development of its high-growth Nutrition & Care Division into a systems solutions provider and the expansion of its division-wide technology platform for natural materials in medical technology.

 

Dr. Nikolaus Uhl and his venture capital team in Berlin advised Evonik and all existing investors on the structuring and contractual aspects of this acquisition. The law firm Weitnauer regularly represents both investors and companies in financing rounds.

 

About Evonik Venture Capital

With a fund volume of €250 million, Evonik Venture Capital (EVC) has made more than 30 investments in direct and fund investments since 2012. EVC has offices in Germany, the U.S. and China and invests in innovative technologies and disruptive business models in Nutrition & Care, Specialty Additives and Smart Materials, as well as in technologies that support digital transformation. The EVC team of experienced investment managers provides comprehensive support to the portfolio companies. The investment scope ranges from early to growth stage with an investment volume per portfolio company of up to €15 million.

21.06.2021

Weitnauer advises telemedicine startup Wellster Healthtech Group on $40 million financing round

Munich – Wellster, the leading provider of telemedicine platform solutions in the EU, announced today that it closed a $40 million funding round. The round is led by Dermapharm with support from existing investors HV Capital, which previously invested in Zalando, FlixBus and Delivery Hero, and SevenVentures. Ferber & Co. advised and supported Wellster in its funding round.

 

Wellster is planning to use the funding to expand its offering with additional medical topics and thereby tap into new target groups. In addition further growth opportunities are now opening up for Wellster, such as direct acquisitions of peer companies in the market.

 

Weitnauer attorney Marc René Spitz provided comprehensive legal advice to Wellster HealthTech Group at the Munich office in this financing round. The in-house legal team for Wellster was led by Group General Counsel Christian Reinert. Weitnauer regularly represents both companies and investors in financing rounds.

18.06.2021

Weitnauer advises lead investor Redalpine on USD 44.2 M financing round of cannabis startup Sanity Group

Berlin – Berlin-based cannabis startup Sanity Group announced that it has closed a $44.2 million (€35 million) Series A financing round. The round is led by Swiss venture capital firm Redalpine Venture Partners. Joining them were U.S. investors Navy Capital and SOJE Capital, as well as Germany's GMPVC. This represents the largest round of cannabis funding in Europe to date and brings total investment in Sanity Group to $73M USD.

 

Sanity Group aims to improve people's quality of life through the use of cannabinoids. In addition to pharmaceuticals, the focus is also on wellbeing and cosmetic products.

 

The new capital will be used primarily to further expand the Group's medical division in Europe. Funds will also be used for the build out of EU-GMP-compliant research and production facility new Frankfurt am Main for the entire Group, which will serve both the medical and the wellbeing areas of the Sanity Group in the future, and to expand Sanity Group's consumer goods business. Sanity Group currently employs 90 employees in Europe including cannabis experts, physicians, pharmacists and biologists.

 

Venture capital specialist René Spitz provided comprehensive legal advice to the main investor Redalpine in this financing round together with a cross-location team of experts. Weitnauer regularly represents both companies and investors in financing rounds.

 

About Redalpine
Redalpine is a leading European early stage venture capital investor focused on disruptive innovation and with a broad sector investment strategy from health-tech to ICT startups. Redalpine's diverse team supports the 70+ portfolio companies not only with financial investment but also with its in-house operational and subject matter expertise and extensive international network. Redalpine's ambition is to help talented entrepreneurs turn their visions into reality and scale their businesses into international success stories.

 

Weitnauer Team:

Marc René Spitz, LL.M. (Venture Capital/Munich)

Alexander Tribess (IT, Data Protection/Hamburg)

Andreas Michael, LL.M. (Venture Capital/Berlin)

Tim Kowalsky, LL.M. (Venture Capital/Berlin)

Dr. Alice Niemann-Fritsch (Venture Capital/Munich)

Dr. Jens Ginal (Labor Law/Berlin)

Dr. Tobias Schönhaar, LL.M. (Venture Capital/Munich)

10.06.2021

Weitnauer advises Munich based NewSpace start-up OroraTech on €5.8M Series A funding round

Munich – OroraTech is the first NewSpace start-up to provide global wildfire detection and monitoring services. The platform is already used by government agencies, insurance companies, and commercial forestry operators around the globe, helping to mitigate the environmental and economic impacts of forest fires and other climate change related topics. The latest €5.8 million Series A funding round is led by Findus Venture and Ananda Impact Ventures, with contributions from APEX Ventures, BayernKapital, and experienced Business Angels including Clemens Kaiser, SpaceTec Capital and Ingo Baumann. It will be used for further advancement of technology and development of the international team.

 

Dr. Wolfgang Weitnauer and Alix Winterhalder provided comprehensive legal advice to OroraTech GmbH in this financing round at the Munich office. Weitnauer regularly represents both companies and investors in financing rounds.

28.05.2021

Weitnauer advises shareholder of Ada Health on $90 million financing round

Berlin – Leaps by Bayer, the impact investment arm of Bayer AG, has led a USD 90 million Series B investment in Berlin-based digital health company Ada Health GmbH (“Ada”). Additional investors joined the round, including Samsung Catalyst Fund, Vitruvian Partners, Inteligo Bank, F4 and Mutschler Ventures.

 

The investment will help advance Ada’s popular health assessment technology, enabling the digital health pioneer to accelerate its path towards becoming the world's leading personalized operating system for health, as well as to further grow the company’s leading position in the United States. In addition to today’s announcement, Bayer and Ada Health are in discussions about entering into a longer-term strategic partnership to support the company’s healthcare businesses.

 

Ada Health has developed a powerful AI-based health assessment and care navigation platform that helps users to understand their symptoms, to identify and differentiate conditions with a high degree of medical accuracy, and to navigate safely to the right care, at the right time. Ada’s consumer app has become the world’s most popular and highest-rated symptom assessment app, with over 23 million assessments completed since its global launch.

 

Prof. Dr. Hans-Eric Rasmussen-Bonne has been associated with Ada Health since 2015 and, together with the venture capital team at the Berlin office, advised the shareholder BBPM GmbH and other shareholders in the financing round that has now been completed.

 

Weitnauer Team

Prof. Dr. Hans-Eric Rasmussen-Bonne, LL.M. (Handels- und Gesellschaftsrecht/Berlin)

Andreas Michael, LL.M. (Handels- und Gesellschaftsrecht/Berlin)

06.05.2021

Weitnauer advises MQTT broker HiveMQ on financing of €9.3 million

Berlin – HiveMQ, a global leader of enterprise MQTT solutions, announced they have raised €9.3 million in a seed funding round. The funding round was led by Earlybird Venture Capital and Senovo Capital Management with participation from business angels Ali Kutay, Mirko Novakovic, Daniel Schellhoss and Charles Songhurst.

 

HiveMQ helps companies connect millions of IoT devices to the cloud in a reliable, scalable and secure manner. Its 130+ production customers include global brands such as BMW, Daimler, Deutsche Telekom, Liberty Global, Moen, Siemens, ZF and many more.

 

HiveMQ will leverage the new funding round to significantly expand sales and marketing efforts, capitalizing on the market demand for IoT solutions. HiveMQ will also increase R&D investment in their cloud-managed MQTT service and introduce new products into the market.

 

Dr. Nikolaus Uhl and his venture capital team at the Berlin office advised HiveMQ on the contractual structure of this financing round. The law firm Weitnauer regularly represents both investors and companies in financing rounds.

05.01.2021

Weitnauer strengthens its team with experienced lawyer in the areas of financing, transactions and compliance

Munich – As of 01 January 2021, Dr. Alice Niemann-Fritsch (43) has joined Weitnauer Partnerschaft mbB in Munich as a salary partner. Dr. Niemann-Fritsch comes from kapena GmbH, a consulting firm in the field of digital infrastructure, where she worked as in-house counsel and procurator.

 

Before moving to the client side, Dr. Niemann-Fritsch worked in tax law at Linklaters in Munich from 2004 to 2006 and in tax law and corporate law at Hengeler Mueller in Frankfurt from 2008 to 2011. As part of a secondment program, Dr. Niemann-Fritsch went to Goldman Sachs in London from 2010 and, from 2011, as Executive Director / Senior Counsel and authorized signatory, was in charge of the areas of asset management, private wealth management and compliance, first in Frankfurt and, from 2014, in Singapore. Dr. Niemann-Fritsch has also been a practicing attorney since 2018. Dr. Niemann-Fritsch received her doctorate from the Max Planck Institute in Munich and qualified as a tax lawyer in 2010.

 

Dr. Niemann-Fritsch will support Weitnauer in the areas of financing (private equity / venture capital / capital markets law), transactions (M&A, corporate law) and compliance, among others.

 

Founding partner Dr. Wolfgang Weitnauer comments on the addition: "I am looking forward to the reinforcement in the core competencies of our firm by a very experienced colleague. Within the framework of our cooperation, we also aim to expand our range of services for investment companies, for example in the area of compliance."

19.11.2020

Weitnauer advises Ferroelectric Memory GmbH on Series B financing round raising $20 Million

Dresden – Weitnauer has advised the industrial tech startup Ferroelectric Memory GmbH (FMC) in its latest financing round. FMC raises $20 Million to accelerate memory technology for AI, IoT, Edge Computing, and Data Center Applications. The round of financing was led by the new investors M Ventures and imec.xpand, with participation of SK hynix, Robert Bosch Venture Capital, and TEL Venture Capital. The Series A investor, eCapital also participated in this round. According to FMC, the capital raised will be used to accelerate commercialization of its ferroelectric memory technology for a broad set of memory and compute applications. The company plans to expand its team in Dresden, as well as to start international expansion, including into the US and Asian markets. 

 

“In the end, a successful deal was reached with a number of renowned international partners” says Dr. Wolfgang Weitnauer “We are delighted that we had the opportunity to accompany FMC in this process as legal advisors.”  

 

About Ferroelectric Memory GmbH (FMC)

FMC has developed the most advanced ferroelectric hafnium oxide memory technology to deliver leading-edge non-volatile memory for future electronics and computing innovation. The company emerged from stealth mode in July 2018 and is currently working with major semiconductor companies for its embedded and stand-alone memory solution. Its ferroelectric field-effect transistor (FeFET) and capacitor (FeCAP) technology is simple to integrate, fast, low-power, and scalable, and has high endurance with decades of data retention, suitable for a broad range of AI, IoT, edge, data center, and embedded applications.

 

Legal Advisor FMC:

Dr. Wolfgang Weitnauer, M.C.L. (Venture Capital, M&A/Munich)

24.09.2020

Weitnauer advises Italian Cloud Computing player WIIT on entering the German market

With the acquisition of German cloud service provider myLoc is expanding its business outside of Italy. Weitnauer has advised WIIT S.p.A. jointly with its long standing legal advisors, Pedersoli Studio Legale, on the acquisition of all shares of myLoc managed IT AG, a group company of ProSiebenSat.1 Media SE. The acquisition price amounts to c. Euro 50 million. myLoc is WIIT’s first international acquisition. Beginning with Germany WIIT is pursuing its growth strategy to develop international markets in order to extend the range of IT services provided, in particular the private and hybrid cloud services for business. The transaction is not subject to any conditions and closing is expected to occur on 30 September 2020.

 

A Weitnauer team led by Dr. Wolfgang Weitnauer advised WIIT S.p.A. comprehensively on all transaction related legal issues, in particular corporate, IT, IP, data protection, anti-trust and labor law. Dr. Wolfgang Weitnauer comments the successful completion of the transaction as follows: “It had been a challenge to perform all the due diligence work as well as the negotiations on the share purchase agreement and the W&I insurance within the targeted short time frame of six weeks. We owe this success to the close cooperation with our Italian colleagues and are proud that we were able to contribute as part of a great legal team to this success.”  

 

 

About WIIT S.p.A.

WIIT S.p.A. is a leading Italian Cloud Computing market player, focused particularly on the Hybrid Cloud and Hosted Private Cloud for enterprises market. The company specialises in Cloud services for enterprises requiring critical application management and business continuity and manages all the main international platforms (SAP, Oracle and Microsoft), providing an end-to-end approach. WIIT manages its own data centres, with the main centre “Tier IV” certified by the Uptime Institute LLC of Seattle (United States) - the highest level of reliability possible - and is among the SAP’s best certified partners.

 

About myLoc

myLoc, specialised in the cloud business and with a proprietary data centre located in Düsseldorf, operates on the German market, providing colocation, managed hosting, private and public cloud and server hosting services.

The company’s share capital is fully-owned by Virtual Minds AG, a subsidiary of ProSiebenSat.1 Media SE. Its business model and expertise make myLoc a benchmark for colocation and hosting provider services in Germany and, for this reason, it is expected that the transaction will enable WIIT to immediately benefit from the significant development potential of the German market.

 

Legal Advisors WIIT S.p.A.

 

Weitnauer:

Dr. Wolfgang Weitnauer, M.C.L. (Lead, M&A/Munich)

Dr. Oliver Zander (Commercial/Munich)

Andreas Michael, LL.M. (Corporate/Berlin)

Dr. Alexander Raif (Labor Law/Berlin)

Dr. Jens Ginal (Labor Law/Berlin)

Tilman Mueller-Stöfen, LL.M. (IT, Commercial/Hamburg)

Alexander Tribess (IP, Data Protection/Hamburg)

Nazik Grigorian (IT, Commercial/Hamburg)

 

Pedersoli Studio Legale:

Marcello Magro (Lead, M&A/Turin, Milan)

Marco Molineris (M&A, Turin)

Fabrizio Grasso (M&A, Turin) 

 

02.09.2020

Weitnauer advises Berlin-based camper sharing platform PaulCamper GmbH on further financing round

The Berlin-based sharing platform for campervans and caravans received further growth capital from international investors in a financing round. The round is led by existing investor Russmedia Equity Partners, a Liechtenstein-based investor in and operator of online marketplaces, aggregators and SaaS solutions with a portfolio of 19 digital platform businesses across six countries in Europe. Further investors included J Ventures, an early stage technology fund founded by Joshua Jacobson and John Nordin, based in New York City, as well as Adevinta Ventures, a Norway-based investor in marketplace startups and marketplace specialist operating in 16 countries worldwide.

 

Weitnauer advises PaulCamper in financing matters since 2017 and most recently advised PaulCamper in the Series A financing round in mid-2019, when the startup raised an aggregate amount of EUR 7 million. In the financing round closed in late August 2020, the law firm, which specializes primarily in venture capital, further strengthened its relationship with PaulCamper.

 

About PaulCamper GmbH

PaulCamper, founded in 2013 by managing director Dirk Fehse, according to its own publications, has so far arranged a total of more than 500,000 rental nights via the platform, and more than 6,900 campervans and caravans are currently listed. This makes PaulCamper the largest platform for camper sharing in Germany. The company is currently also active in Austria and the Netherlands. The new funding will be invested in the further growth of the business.

 

Legal Advice

Weitnauer (Berlin):

Prof. Dr. Hans-Eric Rasmussen-Bonne, LL.M. (Venture Capital)

Andreas Michael, LL.M. (Venture Capital)

13.08.2020

Weitnauer again advises Maxsolar GmbH on the conclusion of a Power Purchase Agreement (PPA)

Munich The project developer and EPC service provider MaxSolar concludes third PPA within one year. This power purchase agreement is considered a new marketing instrument and regulates the sale of electricity between the generator and the consumer. The new solar park in Burhafe with 8.1 MW, whose electricity will be sold with the power purchase agreement, will be commissioned at the end of September 2020.

Weitnauer partner Dirk Voges comprehensively advised Maxsolar during the negotiations on the contractual design of the PPA with EWE Trading, the financing bank and the investor. The contract is an electricity supply agreement between EWE Trading GmbH, a local energy supplier in the north-west of Lower Saxony, and SPV PV Burhafe GmbH, the plant operator founded by MaxSolar for this purpose.

MaxSolar GmbH

The engineering service provider MaxSolar from Traunstein in Upper Bavaria is one of the few pioneers in the market testing of power purchase agreements in Germany. MaxSolar has already implemented the third PV system with a power purchase agreement. PPAs are a way to sell electricity from new or existing PV systems and are becoming increasingly important for project developers in Germany who want to operate in the market independently of the German Renewable Energy Sources Act (EEG). The power purchase agreements with a term of at least 5 years are the instrument for selling the generated electricity and serve primarily as security for financing the PV system. An awareness of ecological and social responsibility as well as long-term planning horizons also characterize the PPA contracting parties.

Advisor MaxSolar GmbH:

Weitnauer (München):

Dirk Voges, LL.M. (Renewable Energy Law and Energy Industry Law), Partner

01.07.2020

Weitnauer represents Advanced BioInformatics GmbH on contracts with the University of Utah

Weitnauer attorneys Hans-Eric Rasmussen-Bonne and Tim Kowalsky served as counsel to Advanced BioInformatics GmbH (ABI) on the conclusion and implementation of a share purchase agreement and an exclusive licensing agreement with the University of Utah intending to develop novel cardiac rhythm management solutions based on proprietary low-energy pacing technology.

 

ABI is an international medical technology company working to develop next-generation cardiac management solutions for patients with significantly fewer complications and side effects than current standards of care.

 

“We look forward to efficiently advancing our pre-clinical work and initiating formal clinical studies as expeditiously as possible while in parallel exploring partnering opportunities with leading implantable cardiac defibrillator manufacturers around the world,” said J. Todd Derbin, Managing Director and Co-Founder of ABI.

 

“We believe an unmet medical need exists with these patients who desire a better therapeutic option, and we plan to work diligently toward that goal,” added ABI Managing Director and Co-Founder Volker Brand.

 

Weitnauer has already advised the company on the foundation, on an employee participation program and on IP issues.

17.03.2020

Weitnauer advises Maxsolar GmbH on the preparation of and negotiation on a Power Purchase Agreement

Munich - The energy supplier EWS Elektrizitätswerke Schönau eG (EWS) and the Energy Cooperative InnSalzach eG (EGIS) have agreed to the direct supply of solar power via a Power Purchase Agreement (PPA). The contract was signed on March 3, 2020 during the Federal Congress of the Cooperative Energy System in Berlin. This Power Purchase Agreement between EWS eG and EGIS eG is considered a new marketing instrument and regulates the sale of electricity directly between producer and buyer.

 

This is the first time that two cooperatives have signed a solar PPA. Besides EWS and EGIS, MaxSolar GmbH was also involved in the negotiations. MaxSolar built the solar park, whose solar power will be sold with the PPA, negotiated the PPA until it was ready to be signed and handed over the project as a package to EGIS. Weitnauer Partner Dirk Voges advised Maxsolar during the negotiations with the energy supplier EWS on all contractual aspects.

November 2018

Weitnauer advises Bressner on company sale to OSS

The law firm Weitnauer advised the shareholders of Bressner Technology GmbH on the sale of their shares to the US-American One Stop Systemy Inc.

 

Bressner Technology GmbH provides standard and customized servers, panel PCs, and PCIe expansion systems. Founded in 1994, the company has a manufacturing, test and sales office in Germany.

 

One Stop Systems, Inc. (OSS) designs and manufactures specialized high-performance compute accelerators, flash storage arrays and customized servers for deep learning, AI, defence, finance and entertainment applications. OSS utilizes the power of PCI Express, the latest GPU accelerators and NVMe flash cards to build award-winning systems, including many industry firsts, for OEMs and government customers.

 

A Weitnauer team led by partner Diethelm Baumann advised Bressner on this transaction. The team included Oliver Zander and René Spitz (both corporate law).

 

OSS was also advised by their US counsel Procopio Cory Hargreaves and Savitch LLP as well as Osborne Clarke led by corporate partner Björn Hürten.

 

 

http://ir.onestopsystems.com/press-releases/detail/93/oss-acquires-bressner-technology-expands-european-presence.

 

31.10.2017

Weitnauer advises Berlin-based Ada Health GmbH in EUR 40 million financing round

Weitnauer advised Berlin-based Ada Health GmbH in a financing round with a total volume of approx. EUR 40 million. Ada Health GmbH is one of the leading providers of medical smartphone apps. Lead investor is Access Industries, the global investment fund of US-based entrepreneur Len Blavatnik. It is the company’s first institutional round of investment.

 

Click here for more information:

 

www.businessinsider.com/investors-have-backed-an-ai-doctor-app-called-ada-with-47-million-2017-10

 

https://techcrunch.com/2017/10/31/berlins-ada-health-raises-47m-to-become-the-alexa-of-healthcare/

08.05.2017

Weitnauer advises Digital+ Partners on its Series B investment in riskmethods

The law firm Weitnauer has advised the Digital Growth Fund of Digital+ Partners on its Series B investment to riskmethods GmbH, Munich, one of the leading providers of SAAS-solutions to identify global supply chain risk using artificial intelligence, machine learning algorithms and Big Data.

 

Sources:

https://www.riskmethods.net/en/press/message/Positioned-for-continued-growth-and-market-leadership--riskmethods-receives-an-additional-135-million-euro-growth-capital/38205

 

http://www.gruenderszene.de/allgemein/riskmethods-finanzierung-investment-digital-growth-fund

Weitnauer advises gestigon on its sale to Valeo

Weitnauer has advised the shareholders of gestigon GmbH, Lübeck, a German IT start-up in the area of Artificial Intelligence and Human Machine Interface, on the sale of its shares to Valeo, one of the world’s leading automotive suppliers.

 

Sources:

 

http://www.valeo.com/en/valeo-acquires-gestigon-a-developer-of-cabin-3d-image-processing-software/

 

http://www.gestigon.com/newsreader/gestigon-joins-the-valeo-group.html

Techlaw Germany Blog launches

Weitnauer launches its blog Techlaw Germany – focusing on legal issues related to Technology, Finance and Transactions: http://techlawgermany.net/en/.