Berlin – While working at SMP, members of the YPOG team adviced Leaps by Bayer on the Series B financing round of Berlin-based digital health company Ada Health. The financing round has a size of $90 million and was led by Leaps by Bayer. In addition, investors Samsung Catalyst Fund, Vitruvian Partners, Inteligo Bank, F4 and Mutschler Ventures participated in the round.
Leaps by Bayer is the impact investment unit of life science company Bayer AG, which uses its investments to find solutions to some of the biggest challenges of our time in the areas of health and agriculture. The investment in Ada Health is Leaps' first transaction in Germany.
A team led by Stephan Bank comprising further team members Florian Wilbrink, Christoph Lüttenberg and Peter Schäfer provided comprehensive advice to Leaps on this transaction.
Ada has developed a powerful artificial intelligence (AI)-based health analytics platform. It is designed to help users better understand their symptoms and identify and differentiate disease patterns with great medical accuracy. At the same time, the platform helps users to find the appropriate medical care in a timely and safe manner. Targeted at consumers, the Ada app has already recorded more than 23 million health assessments performed worldwide since its global launch. According to the company, the goal of the financing is to further advance Ada's technologies and accelerate the company's path to becoming the global leader in personalized digital health. The company also aims to strengthen its leading position in the US.
"We are very happy to have supported the Leaps team on this investment in a German company which strives to increase global access to healthcare through digitization," says Stephan Bank.
Advisors Leaps by Bayer:
Dr. Stephan Bank (Lead), Partner | Dr. Florian Wilbrink, Associate | Dr. Christoph Lüttenberg, Associate | Peter Schäfer, Associate
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
