Schoenherr has advised Dutch capital investment firm Endeit Capital as lead investor in a EUR 9 million Series B financing round for Austrian tour booking platform TourRadar. Herbst Kinsky advised TourRadar on the matter.
Endeit Capital became the new lead investor in TourRadar by acquiring a minority stake in the Austrian company. The funding will allow TourRadar to accelerate its expansion by doubling its staff in Vienna, Brisbane, and Toronto, with a focus on tech and product development. According to Schoenherr, TourRadar, which was launched in 2010, "pioneered the transformation to digitize the touring industry, allowing travelers to compare and book multi-day tours online for the first time."
Schoenherr's team consisted of Partner Thomas Kulnigg, Attorneys Clemens Rainer, Dominik Hofmarcher, and Veronika Wolfbauer, and Associates Sascha Smets and Teresa Waidmann.
The Herbst Kinsky team advising TourRadar was led by Partner Philipp Kinsky, supported by Attorney David Pachernegg and Associate Florian Pollak.