Austria: Schoenherr advises Storyblok on USD 47m Series B financing
Schoenherr advised the Austrian scale-up Storyblok on its Series B financing worth USD 47m, one of several major transactions in the Austrian start-up scene on which Schoenherr has advised in the recent past.
Storyblok has raised USD 47m in funding that it will use to continue expanding its CMS platform with more functionality. This Series B is being led by Mubadala Capital and HV Capital, with 3VC and firstminute capital also participating again.
Schoenherr advised Storyblok on all legal aspects of the funding. This financing round follows a Series A funding of USD 8.5m in February 2021 also led by Mubadala, on which Schoenherr advised Storyblok as well.
"We are happy to be part of yet another great success story of an Austrian hidden champion," said partner Thomas Kulnigg, who led the Schoenherr team advising Storyblok. "This Series B financing enables Storyblok to further develop its CMS and set new standards in the industry. We wish them and their investors all the best for the next steps."
Storyblok GmbH is a start-up founded in 2017 in Linz that has built a headless CMS designed both for technical and non-technical users like marketers to manage content that appears across websites, apps and other digital interfaces for education, commerce, gaming and other kinds of publishers.
The Schoenherr team advising Storyblok was led by Thomas Kulnigg (partner) and further consisted of Clemens Pretscher and Dominik Tyrybon (associates).
This transaction follows a series of significant start-up fundings on which Schoenherr's venture capital team advised in the past weeks. For example, they advised Cambridge Capital (as lead investor) and Elevator Ventures (as co-investor) on the EUR 50m Series C financing round of byrd technologies, and Elevator Ventures on their recent investment into the risk management start-up Elucidate.