Brandl & Talos has advised APEX Ventures on the foundation of a new venture capital fund that provides technology companies in their early stages with growth capital.
According to Brandl & Talos, the APEX Ventures fund will pay particular attention to the proactive development of young companies that need support, especially in their early stages, to capitalize on their potential for global expansion. The venture capital fund is arranged as a European Venture Capital Fund in accordance with the EuVECA-regulation and will be mainly available to investors in Austria, Germany, and the UK.
Brandl & Talos reports that "the collected capital is intended to be invested primarily in innovating start-ups that have new core technologies in selected growth sectors. APEX Ventures plans to invest in the early stages of a company as well as provide sufficient capital for necessary follow-up financing. The persons behind the concept of APEX Ventures are: (i) Christoph Kanneberger, long-standing executive director of J.P. Morgan and managing director of the Powerserv Group; (ii) Stefan Haubner, former partner at VAVE EuVECA Invest; and (iii) Andreas Riegler, a long-standing senior executive of Sony and managing partner at IMAGINE Ventures. All three founders have been active as angel investors for years and have experience helping a large number of young companies in taking the step towards internationalization and consequently to gaining accelerated growth."
Brandl & Talos assisted APEX Ventures with the structuring of the new venture capital fund, drafting the relevant contracts, and carrying out the registration process with the Austrian Financial Market Authority. The BTP team was led by Partner Roman Rericha, supported by Markus Arzt, Stephan Strass, and Kerstin Liebl.
"We are proud to have assisted APEX Ventures in connection with the founding and registration of their venture capital fund and wish them well for the now-starting fundraising," said Roman Rericha. "The creation of a new venture capital fund is an important signal for the Austrian start-up and venture capital scene, particularly as there is still some catching up to do compared to international standards."
