Berlin - Schnittker Möllmann Partners (SMP) has advised e.ventures and Insight Partners on one of the largest financing rounds in Austria. The two lead investors provided capital to the Vienna SaaS/PropTech start-up PlanRadar in the course of a Series A financing round. The aggregate volume of the financing round amounts to a total of 30 million euros.
PlanRadar provides a software for property developers that covers the entire value chain from planning to documentation and administration. PlanRadar's renowned customer base includes Siemens, Bosch, Bilfinger, Strabag and Allianz Real Estate.
"We are pleased to have advised on another international financing round in Austria with our Austrian partners – in particular, such a landmark round for the ecosystem", says Stephan Bank, partner at SMP. "We firmly believe that Austrian startups will draw further attention from international investors in the future", adds Tim Schlösser, partner at SMP.
Insight Partners and e.ventures were also advised by Brandl & Talos (Austria, lead Roman Rericha and Markus Arzt). In addition, Willkie Farr & Gallagher LLP advised Insight Partners (USA, lead Matthew Haddad and Stephanie Moran).