Berlin – Schnittker Möllmann Partners (SMP) advised BlueYard (BY Capital Management GmbH) on the launch of its second venture capital fund. At US$ 120 million, this fund is the same size as the fund launched in 2016. A team led by SMP partners Helder Schnittker, Stephan Bank and Jens Kretzschmann provided comprehensive legal, regulatory and tax advice – the same team that already provided comprehensive advice on the launch of BlueYard's first fund.
BlueYard is an early-stage investor headquartered in Berlin. The company was founded in 2016 by Ciarán O'Leary and Jason Whitmire. The portfolio's target companies are start-ups that focus on decentralizing markets. The portfolio consists mainly of software companies in the seed and series A phase from Europe and the U.S.