September 22, 2020 Press

SMP advises 3YOURMIND on another financing round

Berlin - SMP advised the Berlin-based software company 3YOURMIND on its latest financing round. The Series A+ is led by EnBW New Ventures (ENV), the venture capital subsidiary of EnBW, one of the largest European energy and infrastructure operators. In addition to ENV, the existing investors UVC Partners, AM Ventures, TRUMPF Venture and coparion invested in the company again. According to 3YOURMIND, the leading global provider of software solutions for additive manufacturing (industrial 3D printing) plans to use the capital, among other things, to open up new markets. The focus here is on industries such as aerospace, automotive, mechanical engineering, energy and infrastructure. Comprehensive legal advice was again provided to 3YOURMIND by a team led by Ansgar Frank and Martin Schaper. SMP already advised the company on the Series A financing round in 2017.

"The digitalization of production forces many companies to optimize their workflows. 3YOURMIND has recognized this trend and has made the optimization and flexibilisation of supply chains its mission" says Ansgar Frank. "This Series A+ enables our client to realize the vision of becoming the leading provider of next generation software for more efficient industrial manufacturing even faster. We are pleased that we were able to advise the team with our legal know-how and our entrepreneurial approach", adds Ansgar Frank.

3YOURMIND is a software company based in Berlin. It was founded in 2014 with the aim of providing widespread access to additive manufacturing. Since 2020 the Agile Manufacturing Software Suite offers modules to optimize AM workflows along the entire value chain. Its customers are thus offered transparency and scalability for the entire industry.

EnBW New Ventures
EnBW New Ventures GmbH invests venture capital in innovative young companies with new business models and technologies that drive the converging markets for energy, mobility and urban living. The focus is on entrepreneurial teams that realise added value for their customers with scalable business models and new technologies. With an investment volume of 100 million euros, EnBW New Ventures offers start-ups access to professional investor expertise and to a customer and supplier network in the energy market.

About SMP
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 50 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.

Dr. Ansgar Frank, Associated Partner
Dr. Martin Schaper, Partner