Berlin – A YPOG Team led by Stephan Bank provided comprehensive legal, regulatory and tax advice to Berlin-based venture capital investor PropTech1 Ventures on the structuring of its second flagship fund generation. The new fund PT1 Early-Stage Fund II is targeting a total volume of €100 million, reaching its first closing at €44 million including recognized investors such as Helaba, Commerz Real and Scout24.
PropTech1 Ventures (PT1) is the venture capital platform for PropTech, ConstructionTech, UrbanTech and real estate-related investments in Europe. Since early 2018, PT1 has developed to a major player connecting digital industries with the real estate sector. Its strong investor base, special expertise and diverse team give PT1 a unique and advantageous position in a competitive and dynamic environment.
With the first closing of the second-generation flagship fund, PT1 and YPOG (formerly SMP) continue their long-standing collaboration, as the team around Stephan Bank already provided legal advice on all aspects of the structuring of PT1’s previous fund generation.
“We are proud to continue providing full legal support to our long-term client PropTech1 Ventures. With its new generation of funds, PT1 proves that it has evolved to one of the key players in its focus industry. As housing has become a pressing economic and social issue, innovative business models in the real estate sector are in greater demand than ever. This puts PT1 in an excellent position”, says YPOG partner Stephan Bank.
Advisors PropTech1 Ventures:
Dr. Stephan Bank (Lead, Structuring), Partner
Dr. Helder Schnittker (Tax), Partner
Dr. Niklas Ulrich (Regulatory), Senior Associate
Dr. Michael Filipowicz (Structuring), Senior Associate
Axel Zirn (Structuring), Associate
Dr. Dajo Sanning (Tax), Associate
About PropTech1 Ventures
PropTech1 Ventures is a Berlin-based venture capital platform focused on investing in PropTech, ConstructionTech and UrbanTech in Europe. PT1 drives and benefits from megatrends in the real estate industry such as digitalization, method modernization and sustainability/ESG. Since early 2018, PT1 counts well-known real estate companies, banks and serial entrepreneurs from Europe and North America among its investors. PT1 continues to grow and recently opened a new office in London. With a diverse team of venture capitalists, real estate experts and entrepreneurs from the digital sector, PT1 is highly specialized and occupies a unique market position. PT1 has a permanent presence in DACH, the UK, France, the Nordics and the Benelux countries.
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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
