Brandl & Talos has advised AWS Grunderfonds on its EUR 1.8 million seed investment in Vienna-based real estate startup Rendity. TBS Schmidt reportedly advised Rendity on the deal.
Rendity is a platform that enables small and institutional investors to invest in real estate, with amounts starting at EUR 500. More than 80 real estate projects valued at EUR 455 million have been financed through the platform since its inception.
AWS Grunderfonds is an Austrian venture capital fund which manages equity capital of approximately EUR 70 million. The fund primarily focuses on Austrian startups and has so far, together with co-investors, invested more than EUR 323 million in 36 companies.
According to Brandl & Talos, “the investment by AWS Grunderfonds ... is intended to finance [Rendity's] international growth, particularly its expansion into Germany.”
The Brandl & Talos team consisted of Attorney Markus Arzt and Trainee Lawyer Christina Bernhart.
TBS Schmidt’s team was reportedly led by Lukas Schmidt.