GvW Graf von Westphalen advised abaut GmbH on a successful financing round in the amount of €3.2 million. The round was led by Swiss VC EquityPitcher Ventures. Other investors include Bayern Kapital, EIT RawMaterials, and existing investor BAUER AG.
Munich-based abaut GmbH develops AI-based solutions for the digitalization of construction sites in underground and open-cast mining. With its sensor-based software, abaut enables real-time analysis of material flows and data-driven control of operational processes. The technology is already in use in 18 countries on four continents.
EquityPitcher Ventures is a Swiss venture capital investor focusing on technology-driven start-ups with scalable business models. Bayern Kapital is the investment company of the Free State of Bavaria with a focus on high-tech start-ups. EIT RawMaterials is Europe's leading innovation network for raw materials. BAUER AG is a global provider of specialized civil engineering services based in Schrobenhausen.
GvW advised abaut in this transaction with a team consisting of Titus Walek, Alexander Metz (both Venture Capital), Karsten Kujath (Labor Law) and Dr Joachim Mulch (IP).
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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