Berlin – SMP advised the Munich-based tech startup everstox on its growth financing. The growth capital was provided by Global Founders Capital (GFC) and Capnamic Ventures. Thus, in addition to its existing investor Flash Ventures, everstox has attracted two further renowned sponsors for the expansion of its digital logistics platform. The company now plans to use the raised growth financing to further expand its team, develop its tech platform and drive forward the expansion of its network of independent warehouse logistics providers. During the financing process everstox received comprehensive legal advice from a team led by SMP partner Frederik Gärtner.
"Global logistics markets are becoming increasingly complex and therefore often inefficient. With its own cloud technology and in-house developed Logistics-as-a-Service software, including corresponding smart features, everstox is setting a new standard for sustainable logistics. We are very pleased to have advised everstox when further supporters invested in the company", says Frederik Gärtner.
everstox, a successful startup from Munich, is the developer and operator of the Logistics-as-a-Service platform of the same name, which offers scalable and data-driven warehousing and fulfillment for e-commerce, B2B and retail via a network of independent European logistics service providers. The company is gradually building the first technology-driven and independent network of renowned warehouse logistics and fulfillment partners, and thus enabling transparent, efficient and eco-friendly logistics solutions across Europe. With the everstox team of experts, merchants benefit from optimized processes, sound market knowledge and strategic advice. For merchants, this means a clear competitive advantage in sales. The company is led by its three founders Boris Bösch, Felix Haberland and Johannes Tress. More information about everstox and its Logistics-as-a-Service is available at www.everstox.com.
About Capnamic Ventures
Capnamic Ventures, based in Cologne and Berlin, is one of Europe's leading early-stage venture capital investors. The VC's investment focus is on technology startups with B2B business models in German-speaking countries. In addition, Capnamic invests with international co-investors. All portfolio companies are supported by Capnamic's global industry and expert network and the extensive expertise of the team. The Capnamic team consists of experienced investment professionals who can look back on over 80 investments, numerous trade sales and IPOs as well as their own entrepreneurial experience. The team works side by side with the portfolio companies to create the basis for a strong market position and lasting success. Capnamic is led by Jörg Binnenbrücker, Olaf Jacobi and Christian Siegele as Managing Partners. More information about Capnamic Ventures is available at: www.capnamic.com
About Global Founders Capital
Founders drive incredible opportunities in the world, and we are their greatest advocates. That's because our team has built multi-billion dollar technology businesses from scratch and has thrived through all the twists and turns of entrepreneurship along with it. Over the past two decades, we have backed over five hundred entrepreneurs worldwide. Facebook, LinkedIn, Slack, Eventbrite, Canva, Away Travel, HomeAway, Zalando, Revolut, Funding Circle, Lazada, Traveloka, Trivago, Jumia, HelloFresh, and Delivery Hero represent a few of our global successes. Global Founders Capital invests out of eleven offices worldwide. More information about GFC is available at: www.globalfounderscapital.com
About Flash Ventures
Flash Ventures is a pre-seed fund in Berlin and London that provides young companies with the first financing so that they can realize their growth aspirations. The portfolio includes investments in Germany, Spain, Australia, Singapore and Indonesia. More information about Flash Ventures is available at www.fl4sh.vc.
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.