Hogan Lovells advises Flexcavo on financing round
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| 30
September
2021
Led by Munich partner Nikolas Zirngibl international law firm Hogan Lovells has advised Berlin based ConTech Startup Flexcavo on an angel and seed financing round totaling € 6.4 million.
The financing round was led by VR Ventures, an investor specialised in FinTechs and PropTechs, in cooperation with Redstone. Further capital comes from Picus Capital, Rivus Ventures and FJ Labs, as well as various business angels.
The construction machinery start-up, founded in 2020, optimizes the use of construction machinery through software and technology. The new investment will primarily be used to expand the team, further develop the software and expand the construction machinery rental network throughout Germany.
Hogan Lovells team for Flexcavo
Dr. Nikolas Zirngibl (Partner), Thiemo Woertge (Senior Associate) (both Corporate, Munich);
Dr. Marion Fischer (Counsel), David Bamberg (Senior Associate) (both Intellectual Property, Munich).
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