Cologne, June, 19, 2023 – A YPOG team led by Jens Kretzschmann provided Heartfelt with
comprehensive legal and tax advice on the structuring and first closing of its new early-stage VC fund with a target volume of EUR 80 million. In addition to established LPs, Axel Springer and Porsche again participated in the closing as anchor investors.
With its fund, Heartfelt, like its predecessor structure APX, will invest primarily in European start-ups in their early-stage phase. Heartfelt invests in start-ups at the earliest possible stage - often before the angel round. Initial investments are up to EUR 100,000 and are further increased up to the Series A round if the start-ups show momentum and raise external capital.
Team
Jens Kretzschmann (Lead, Funds), Partner, Berlin
Dr. Sebastian Schödel (Funds), Partner, Köln
Dr. Andreas Bergthaller (Funds), Senior Associate, Köln
Markus Alsdorf (Funds), Associate, Köln
Dr. Carl Sieger (Tax), Associate, Köln
Sylwia Luszczek (Legal Operations), Legal Project Manager, Berlin
About Heartfelt
Heartfelt is the new Berlin unit of the team of APX, a joint venture of Axel Springer and Porsche, which also invests in European start-ups across sectors as an early-stage investor. .
Download Press Release
Contact:
Benno Engelmann
T +49 172 2749 689 | E presse@ypog.law
Engelmann Advisory
engelmann-advisory.com
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
