Wolf Theiss has advised Viennese start-up KIVU Technologies, which specializes in anti-terrorism software, on company structure and financing matters.
Wolf Theiss advised KIVU Technologies on the creation of a highly specialized start-up, fund-raising and structuring and execution of the seed round of financing with several venture capital firms, including Luxembourg-based B-to-V, AWS and Apex Ventures, which resulted in a total of EUR 1.8 million. The signing took place at the end of July and the closing in October 2017.
According to Wolf Theiss, "KIVU's anti-terrorism software helps national and European law enforcement agencies to search for terrorist propaganda online with the goal of massively simplifying regulatory investigations and preventing online radicalization. The company was founded in Vienna in 2016 by Robert Wesley, Jan van Oort, and Christian Weichselbaum. The multidisciplinary team now consists of engineers, developers, data scientists, analysts and international security experts."
"We are very excited about this great success of Kivu Technologies, and we believe that this cooperation confirms the current market trends," said Ivo Stitic, Senior Associate, Corporate Business Unit, Wolf Theiss. "Especially with innovative and rapidly growing technology companies, the understanding of digitization processes, as well as the highly specialized legal advice and networks of an international law firm, can be key factors in increasing the company's attractiveness in the demanding StartUp financing market and ultimately achieve a quick fundraising success."