Berlin – Matthias Kresser, Benjamin Ullrich and Bilal Tirsi comprehensively advised drone startup Quantum-Systems (Quantum-Systems GmbH) in connection with its €10 million venture debt financing from the European Investment Bank (EIB). The financing is provided as part of the "Investment Plan for Europe" and is intended to strengthen Quantum-Systems' position as a leading manufacturer of electric vertical take-off UAVs (sUAS). The funds are also expected to form the basis for another equity financing round. Quantum-Systems has experienced rapid growth and demand for its small UAS solutions and is looking to further invest in expanding operations to meet the need for technological innovation in the professional UAS mapping and surveillance industry. The company was founded in 2015 and is headquartered at the Oberpfaffenhofen special airport, 20 kilometers west of Munich. According to its own information, Quantum-Systems is one of the main players in Europe for the development, design and production of small unmanned aerial systems.
"Quantum-Systems has picked the right time to complement the equity financing from its investors with a debt component in the form of venture debt from the EIB," says Matthias Kresser, Associated Partner at YPOG. Partner Benjamin Ullrich adds, "More and more startups and investors are seeing benefits of combining traditional venture capital with venture debt, which is playing an increasingly important role as a source of funding for startups. Accordingly, we are expanding our banking and finance practice group at YPOG, which has a focus on venture debt financing amongst others."
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Team:
Matthias Kresser (Co-Lead), Associated Partner
Dr. Benjamin Ullrich (Co-Lead), Partner
Bilal Tirsi, Associate
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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.
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