The Berlin based startup company Locafox has completed a new financing round in a medium one-digit EUR million amount. The investors are 2 Welten Investment (a subsidiary of Deutsche Druck- und Verlagsgesellschaft, ddvg) as well as Bremer Tageszeitungen AG.
Locafox operates Germany’s largest local shopping platform. Its aim is to secure the competitiveness of offline traders in an era of online shopping.
2 Welten Investment invests for ddvg and regional newspaper companies into the digital transformation strategy. The VC investor acquires shareholdings in suitable companies, guides them from an operational point of view and organises the synergies between its different invesmtents. GvW Graf von Westphalen advises 2 Welten Investment regularly on their various investments.
“We are convinced that Locafox with its innovative product and its well-experienced team is going to sustainably change the way consumers will use the internet for shopping in the future. Locafox is an excellent company with the ability to efficiently and successfully promote the local retail business in the years to come.” says Christopher Koeppler, managing director of 2 Welten Investment.
Under the lead of Hamburg based partner Dr. Ritesh Rajani (VC, Corporate/M&A), 2 Welten Investment was advised in this financing round by a team consisting of partner Dr. Patrick Wolff (Commercial) as well as associate Laurens Klinkert (VC, Corporate/M&A).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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