June 08, 2020 Press

SMP advises Dawn Capital on investment in Bryter

Berlin - SMP has advised London-based early-stage investor Dawn Capital on its investment in the LegalTech company Bryter. The Berlin-based company with a focus on the legal consulting industry digitizes repetitive processes and decisions and enables their automation. In addition to Dawn Capital, Accel, Notion Capital and Chalfen Ventures participated in the Series A financing round with a total volume of US$16 million. According to Bryter, the company intends to use the capital to expand into the U.S. market. Dawn Capital received comprehensive legal advice from a team led by SMP partner Benjamin Ullrich.

"This financing round is forward-looking in every respect. Despite the challenging circumstances caused by the pandemic, the investors trust in Bryter's "no-code platform", which has the potential to change the way an entire industry works. We are very pleased that we were able to once again support Dawn Capital as advisor in this transaction," said Benjamin Ullrich.

Dawn Capital
Dawn is Europe's largest specialist B2B software investor, with assets under management of $550m. The firm partners with innovative companies that, through exceptional teams, products and business models can become category-defining, global titans. Dawn is an early-stage investor, backing companies at series A and B, and continuing to fund the best-performing from growth rounds through to exit. Its roster of investments includes Mimecast (now NASDAQ-listed with a $2.5bn market cap), iZettle (sold to PayPal for $2.2bn cash), Collibra, Showpad, Dataiku, Templafy, Quantexa, Garrison, and Tink, amongst others.

Berlin-based LegalTech company Bryter provides a no-code platform for automating expert knowledge. Founded in 2018 by Michael Grupp, Micha-Manuel Bues and Michael H├╝bner, the company enables decision makers without programming skills to create and manage applications for repetitive testing and decision-making.

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.

Advisors Dawn Capital: SMP
Dr. Benjamin Ullrich (Lead), Partner
Daniela Machado, Associate