WMWP, the Austrian arm of act Legal, has advised aws Grunderfonds on its investment in Vienna-based start-up Adverity, which -- together with investments by Speedinvest and 42CAP -- successfully bring the seed financing round for Adverity to a close.
Aws Grunderfonds is an Austrian venture capital fund based in Vienna. According to its website, "as a co-investor, we take part in growth-intensive start-ups in the start-up and initial growth phase and offer start-up and follow-up financing as a long-term partner." As a subsidiary of Austria Wirtschaftsservice Gesellschaft mbH (aws), aws Grunderfonds has equity capital of EUR 68.5 million.
According to WMWP, "Adverity offers a cloud-based software solution for the integration and evaluation of marketing data. Adverity’s solution aims to significantly simplify the processing of marketing data done brand companies and media agencies."
The WMWP team was led by Partner Paul Koppenwaller.
