Berlin – YPOG advised venture capital investor Project A Ventures on three further financing rounds:
The Berlin-based fund recently participated in the Series D financing round of Italian residential platform Casavo. The funding has a total volume of €400 million, consisting of a €100 million equity financing and €300 million in debt, making it the largest fundraising for a PropTech in Europe. The financing round was led by Exor, a holding company controlled by the Agnelli family that has a wide variety of investments ranging from publishing (e.g., The Economist) through to automotive brands (e.g., Ferrari and Stellantis) and football clubs (Juventus) with further participation of Project A Ventures, Greenoaks, 360 Capital, P101 SGR, Picus Capital and Bonsai Partners.
Project A Ventures also invested in French pet insurance platform Dalma. The Series A financing round has a total volume of €15 million and was led by Northzone with further participation from Project A Ventures and Anterra Capital. Also the existing investors Global Founders Capital and Frst and Kima Ventures participated.
The venture capital investor also led the seed financing round of Berlin-based startup Root Global. Root Global’s mission is to become the Carbon OS of the food industry. The funding has a total volume of €2.5 million. Besides Project A Ventures, Nucleus Capital and several business angels such as Mengting Gao, Andreas Berger, Max Viesmann, Markus Windisch, Michael Brinkmann and Mario Götze invested.
Advisors Project A Ventures:
Dr. Frederik Gärtner (Lead, Transactions), Partner
Rosa Wizisla (Transactions), Associate
Roman Schäle (Transactions), Associate
Alexander Sekunde (Transactions), Associate
About Project A Ventures
Project A is one of the leading venture capital companies in Europe with offices in Berlin and London. In addition to $600 million in assets under management, Project A supports its portfolio companies with a team of over 100 in-house experts in themes such as software and product development, business intelligence, brand, design, marketing, sales and recruiting. Project A was founded in 2012 and since then has backed more than 100 startups. The portfolio includes companies such as Trade Republic, WorldRemit, sennder, KRY, Spryker, Catawiki and Voi.
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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
