Herbst Kinsky has advised Lifetree Asset Management – Froots – on its second financing round which saw Gregor Schlierenzauer and Ronald Holzmann join existing investors Georg Kapsch, Andreas Treichl, Gina Goess, and Reinhold Baudisch, with the company raising over one million euros.
According to Herbst Kinsky, Froots was founded in Vienna in 2021 and makes “customized investing accessible to everyone. It enables clients to invest professionally in the capital markets at a fraction of the usual cost.”
According to the firm, “after the first financing round last year (EUR 2.5 million), the up-and-coming fintech now received over EUR 1 million in the second round. The fresh capital is intended to contribute to the continuation of the successful growth course and enable investments in the company’s own platform.”
The Herbst Kinsky team included Partner Philipp Kinsky and Attorney at Law Christina Bernhart.
Herbst Kinsky did not respond to our inquiry on the matter.