Berlin – While working at SMP, members of the YPOG team advised early-stage investor and operating VC Project A on its Series C investment in FinTech Trade Republic. The funding round for Europe's leading mobile broker has a total size of $900 million and was led by Sequoia. In addition to Sequoia and Project A, TCV and Thrive Capital also participated, as well as other existing investors Accel, Founders Fund and Creandum.
By its own account, Trade Republic is valued at more than five billion dollars after this further round of financing. The Berlin-based company of Christian Hecker, Thomas Pischke and Marco Cancellieri thus advances to become the most valuable startup in Germany and is also among the top 10 in all of Europe. Just over a year after its Series B financing round, Trade Republic thus also achieves one of the largest venture investments of a FinTech worldwide. With the new capital, the company intends to drive its expansion in Europe, the expansion of its product portfolio and the acquisition of the best talent. Only recently, Trade Republic had already strengthened its team for this purpose with additional top managers who bring experience from well-known tech companies such as Netflix, Facebook or Klarna.
At the same time, the team is also pleased about the cooperation with Trade Republic itself, which has already grown over a long period of time. The law firm's specialists regularly advise Trade Republic on specific corporate and regulatory issues.
Advisors Project A:
Dr. Fabian Euhus (Funds), Partner
Dr. Benjamin Ullrich (Corporate), Partner
Dr. Saskia Bong (Funds), Associate
Advisors Trade Republic:
Dr. Frederik Gärtner (Corporate/FinTech), Associated Partner
Dr. Matthias Schatz (Corporate), Partner
Lennart Lorenz (Regulatory), Partner
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
