SMP
SMP advises tausendkind on venture debt and equity financing round in the total amount of 15 million Euros
March 20, 2018 Press

SMP advises tausendkind
on venture debt financing

Berlin - The Berlin-based e-commerce company tausendkind, the baby article and kids clothing shop, has raised equity and debt financing in the total amount of 15 million Euros from existing investors (including Capnamic Ventures, VC Fonds Kreativwirtschaft managed by IBB Beteiligungsgesellschaft, Rheinische Post Mediengruppe and MGO Digital Ventures) as well as Davidson Technology Growth Debt Fund (venture-debt tranche). The funds will be used to implement the growth strategy of the company which is now profitable.

For several years, Schnittker Möllmann Partners has been providing ongoing legal advice to tausendkind, and now also in relation to the venture debt tranche as part of the financing round.