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28 July 2021
press release
austria

Austria: Schoenherr's Venture Capital team advises on multi-million venture capital deals in HY 1

Schoenherr's Venture Capital team advised on a significant number of multi-million Euro financing rounds in the first six months of 2021, in what is expected to be a record year for venture capital in Austria.

"Our venture capital experts have worked on a remarkable number of start-up financings in the past six months, showing that 2021 is an extraordinary year for the Austrian start-up scene as well as for our IP & Technology practice. We are very happy to be involved in so many significant start-up-milestones", Thomas Kulnigg, co-head of Schoenherr's IP & Technology practice, said. "Every investment we have advised on paves the way for further innovation, and we wish all the investors and start-ups the very best on their future paths."

Over the past six months, Schoenherr partner Thomas Kulnigg and his team advised on numerous transactions as company counsel, including among others:

and as counsel to several (lead) investors, among others:

  • Digital+ Partners on their USD 20m investment in the start-up Anyline;
  • Mouro Capital as lead investor in the USD 19m Series B financing round for byrd; and
  • Left Lane on the Series B and C financing rounds of GoStudent* (which recently became Austria's second Unicorn).

 * (together with Goodwin Procter)

The Schoenherr team advising on these deals was led by Thomas Kulnigg (partner) and further consisted of Dominik Tyrybon (associate) and Andreas Lengger (attorney at law). Clemens Gaugusch (attorney at law) supported the team in several headline transactions. The Schoenherr tax team consisting of Marco Thorbauer (attorney at law); Tobias Hayden (associate) and Benedikt Gröhs (associate) provided regular tax support.