GvW Graf von Westphalen has advised 2 Welten Investment, an investment company of Deutsche Druck- und Verlagsgesellschaft (ddvg), on its investment in the Berlin-based startup company Locafox. 2 Welten Investment has secured a stake of 15.2%.
Locafox was founded in 2013 as an online market place which offers customers to find and buy products in local retail stores (motto: “Research Online, Purchase Offline”).
“The turnover of customers who research online and purchase offline is a significant income source for businesses with an upward trend” says ddvg managing director Jens Berendsen. “Locafox has an attractive business model. In particular, regional publishing houses can profit sustainably from a partnership with Locafox. At the same time, advertisers as well as readers can thereby be bound to the daily newspaper as a leading regional medium.” First investments and co-operation agreements with regional publishing houses have been agreed upon or are imminent.
2 Welten Investment was advised by a team under the lead of Hamburg-based GvW partner Dr Ritesh Rajani (corporate/M&A).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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