Berlin - A Weitnauer team co-led by Prof. Dr. Hans-Eric Rasmussen-Bonne and Andreas Michael advised HiveMQ GmbH comprehensively on its Series A financing round. The EUR 40 million financing round was led by Molten Ventures, with participation from new investors Mubadala Capital and Illusian Oy, as well as existing investors Earlybird, Senovo and New Forge.
Weitnauer had already advised HiveMQ in its seed financing round in 2021. In addition, Weitnauer has been advising the company on IT law on an ongoing basis for many years.
HiveMQ has developed a platform that enables bidirectional communication between IoT devices and the cloud. HiveMQ implements the open standard MQTT, which has become the de facto protocol for IoT connectivity. MQTT makes data transfer between connected devices and the cloud possible. By implementing MQTT in HiveMQ, enterprises can network MQTT-enabled devices that exchange data through a HiveMQ broker. Use cases exist across a wide range of industries, including automotive, pharmaceutical, food processing, renewable energy, transportation, logistics and telecommunications. Some global automotive manufacturers use HiveMQ's software for their connected car platforms.
Prof. Dr. Hans-Eric Rasmussen-Bonne, LL.M. (Co-Lead, Corporate/Venture Capital, Berlin)
Andreas Michael, LL.M. (Co-Lead, Corporate/Venture Capital, Berlin)
Dr. Barbara Sommer (Datenschutz, Mannheim)
Jochen Morsbach (IT, Mannheim)
Cornelius Wilke (Corporate/Venture Capital, Berlin)