PHH has advised Austrian Nuki Home Solutions and its existing shareholders on a EUR 20 million financing round which included existing investors Up to Eleven Digital Solutions GmbH, Venta, Fortuna, and new investor Cipio Partners.
Nuki, headquartered in Graz, has been developing smart door locks, that are controlled by smartphones, since 2014.
As a result of the financing round, Cipio Partners acquired a 20% stake in Nuki.
PHH’s team was led by Partner Rainer Kaspar and Lawyer Matthias Fucik and included Partner Nicolaus Mels-Colloredo, Counsel Daniela Olbrich, Lawyer Leopold Opferkuch, and Trainee Lawyer Johannes Metzler.
PHH did not reply to our inquiry on the matter.
