Cologne – While working at SMP, members of the YPOG team advised Berlin-based company Flink on the establishment of an SE holding structure for its future German and European business as well as on the design of the governance and group structure. Pwwl provided employment law support for the transaction.
Flink is a new online supermarket with the goal to revolutionize the world of grocery shopping. The company which was founded in late 2020 by Oliver Merkel, Christoph Cordes and Julian Dames offers a wide selection of products that are delivered by drivers using electric bikes to the customer's door in 10 minutes. Flink sources only the highest quality products, ensuring the food delivered is fresh and nutritious. The focus is on providing local products in each city with the aim to be 100% organic. Flink's delivery hubs are located in densely populated inner-city locations, and the plan for 2021 is to expand into all major cities in Germany and also to conquer the markets in the Netherlands and France. Back in March, the startup announced it has raised $52 million in financing. The seed round was led by Target Global and under participation of existing investors such as Northzone, Cherry Ventures and TriplePoint Capital.
"In light of the Corona situation, the on-demand grocery delivery industry in Europe continues to grow rapidly and we are pleased to support Flink as a leading player with setting up suitable structures right from the start," says Matthias Schatz.
Team:
Dr. Matthias Schatz (Lead Corporate law), Partner
Dr. Sebastian Schödel (Co-Lead Corporate law), Associated Partner
Dr. Christoph Lüttenberg (Corporate law), Associate
Andreas Kortendick (Lead Tax law), Partner
Dr. Christian Joisten (Tax law), Associated Partner
About us
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
