Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 28-04-2016 | Practice Area: | Corporate and M&A |
| Deal Title: | Savedo GmbH Closing of Product Expansion Financing Round | Industry: | Financial Services |
| Description: |
Osborne Clarke advised Savedo GmbH on the closing of a financing round. Savedo was the first international online marketplace for savings in other EU countries. Founded in 2014, the Berlin-based FinTech company had already raised USD 10 million for sustainable growth. Savedo raised USD 5.6 million from XAnge, FinLeap, Kreos Capital, Point Nine Capital, German Startups Group and WeltN24 (via a media-for-equity-deal). The fresh capital was to be mainly used for product expansion and consistent internationalisation.
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| Financial Center: | Frankfurt | Value: | 0.00-100.00 |
| Advised Party: | Target Company,Investee | Law Firm | Osborne Clark |
| Target Company Jurisdiction | Germany | Acquiror Jurisdiction | Germany |
| Classification: |
Financial Buyer Acquisitions Minority Investment Venture CapitalVenture and Growth Capital FinTech |
Lawyer | Nicolas Gabrysch |
