Schnittker Möllmann Partners (SMP) has advised the shareholders in nu3 GmbH on the sale of all shares to Shop Apotheke. The consideration for the acquisition of the online platform for nutrition products was 54,470 shares in exchange-listed shop Apotheke Europe N.V. and an additional cash payment.
Schnittker Möllmann Partners (SMP) advised fos4X GmbH on its latest Series B financing round. The financing round has a total volume of 8.2 million euros (US$10m).
The Tax Valley. SMP Tax Conference.
June 21, 2018. Mojo Club, Hamburg.
Schnittker Möllmann Partners (SMP) advised the garage portal Caroobi on its latest financing round. The Series B financing round had a total volume of USD 20 million. It was led by Nokia Growth Partners. BMW iVentures, DN Capital and Cherry Ventures also participated in the financing again. Target Global also acquired a stake in the Berlin-based company.
Schnittker Möllmann Partners (SMP) advised the Berlin-based Insurtech start-up Coya on another financing round. The financing round was again led by Valar and has a total volume of 25 million euros. In addition to Valar, the existing investors e.ventures and LaFamiglia also increased their investment in the Insurtech start-up. The tech investor yabeo also participated in this financing round, along with other well-known investors.
Schnittker Möllmann Partners (SMP) advised Creandum on its investment in Berlin-based FinTech start-up Billie. In the aggregate, the series A financing round led by Creandum has a volume of 10 million Euro. The existing investors Rocket Internet, Speedinvest, Avala Capital and Picus Capital also invested in the course of the financing round.
Schnittker Möllmann Partners (SMP) advised Vorwerk Direct Selling Ventures GmbH on the sale of its HelloFresh share package. As part of the transaction, all Vorwerk shares in the Berlin-based cookbox mail-order company were sold. The shares sold had a total market value of approximately 68 million euros.
Schnitter Möllmann Partners advises tausendkind, the baby article shop, in relation to its venture debt and equity financing round in the total amount of 15 million Euros.
SMP has advised Blockwall Management GmbH on the formation of their Crypto Fund "Blockwall Capital I". As early as February 12, 2018, Blockwall Management GmbH had been registered with German BaFin (Financial Supervisory Authority) as Alternative Investment Fund Manager focusing particularly on Crypto Investments.
The European Commission has been active the last couple of days. Not only has it presented its so-called FinTech Action Plan, but it also released a proposal to create a legal framework for Crowdfunding Service Providers.