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Binder Groesswang and DLA Piper Advise on Blockpit Series A Financing

Binder Groesswang and DLA Piper Advise on Blockpit Series A Financing

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Binder Groesswang has advised Blockpit GmbH on its USD 10 million Series A financing round. DLA Piper advised lead investor MiddleGame Ventures.

In addition to advising the lead investor, DLA Piper coordinated other investors including Fabric Ventures, Force over Mass Capital, Tioga Capital, and Avaloq Ventures.

According to the DLA Piper, MiddleGame Ventures is a Luxembourg-based fintech venture capital firm.

According to Binder Groesswang, Blockpit is a Linz-based startup specializing in control software for crypto investors. The raised capital will primarily be used to accelerate European growth, as Blockpit’s medium-term goal is to operate in all European markets. The firm also advised Blockpit on its 2020 acquisition of Germany's 21 Consulting (as reported by CEE Legal Matters on September 15, 2020).

Binder Groesswang's team was led by Partner Christian Zwick and included Counsel Stefan Frank, Senior Associates Hermann Beurle and Johannes Bammer, and Associates Michael Mittermair and Alexander Scharkosi.

DLA Piper's team was led by Vienna-based Partner Christoph Mager and included Counsel Johanna Hoeltl and Senior Associate Christian Knauder.

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