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YPOG advises Helsing on €450 million Series C financing round

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Berlin, July 2024 – YPOG advised AI defense company Helsing on its €450 million Series C financing round. The round was led by General Catalyst with participation from Elad Gil, Accel, Lightspeed, Plural and Greenoaks. The financing round is subject to government approval.

Helsing has been active in Ukraine since 2022 and recently established the Defence Manufacturers Alliance, a joint initiative with the Ukrainian government. Since its incorporation in 2021, the company has secured a series of government contracts, including the German Eurofighter Electronic Warfare upgrade (with partner Saab AB), the AI infrastructure for the Future Combat Air System (FCAS, with consortium HIS), and a number of classified contracts in the maritime and land domain.

The new funds will be used for product development and R&D; a particular focus will be on capabilities to secure European sovereignty in politically uncertain times including protecting the NATO Eastern Flank.

YPOG has been advising Helsing since its incorporation in 2021, including on its €209 million Series B financing round in September 2023.

Team

Dr. Benjamin Ullrich (Co-Lead, Transactions), Partner, Berlin
Dr. Tim Schlösser (Transactions), Partner, Berlin
Tobias Lovett (Co-Lead, Transactions), Senior Associate, Berlin
Benjamin von Mangoldt (Funds), Associate, Berlin
Farina Weber (Corporate), Associate, Berlin

About Helsing

Helsing is a next-generation key technology and software company. Focus: critical AI capabilities for the security and defense sector. Helsing was founded as an owner-managed technology company with the sole business purpose of developing and deploying AI capabilities in the security sector. As a European technology leader, Helsing's mission is to empower democratic societies to make sovereign decisions and enforce their own ethical standards.

 

Download Press Release: YPOG advises Helsing on €450 million Series C financing round

About us

YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard. 
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich. 

Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog

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