Binder Groesswang and Freimuller Obereder Pilz have advised on Sapphire Ventures' participation in Adverity’s EUR 23 million Series C financing round. Adverity was advised by Freimuller Obereder Pilz.
Sapphire Ventures is a Silicon Valley-based venture capital company that invests in growth-stage technology companies.
Founded in 2015, Adverity is a data intelligence platform enabling data-driven marketers to reduce complexity and deliver value, by translating data into actionable insight. It is headquartered in Vienna and has offices in London and New York.
According to Binder Groesswang, this marks the successful closing of the third and to date the largest financing round of Adverity. Adverity has now raised a total of EUR 38 million in investments. The series C funds are intended to be used to continue Adverity’s growth and expansion in particular on the US market.
Binder Groesswang's team was led by Managing Partner Andreas Hable and Senior Associate Moritz Salzgeber and included Partner Thomas Schirmer, Senior Associates Regina Kroll, Philipp Spring, Johannes Bammer, and Michael Delitz, and Associates Hermann Beurle and Florian Dollenz.
Freimuller Obereder Pilz's team consisted of Partner Michael Pilz and Associate Hannah Kercz.