Schoenherr has advised Dutch capital investment firm Endeit Capital in a EUR 50 million Series C financing round for Austrian tour booking platform TourRadar, led by TCV. TourRadar was advised by Herbst Kinsky. Wolf Theiss advised TCV.
The Series C financing was led by TCV with participation from existing investors Endeit Capital, Cherry Ventures, Hoxton Ventures, and Speedinvest. Endeit Capital became the lead investor in TourRadar by acquiring a minority stake in the Austrian company in 2017.
Schoenherr describes the deal as "the largest investment in an Austrian start-up in 2018, and the third most substantial investment in an Austrian tech company since 2015."
The funding will allow TourRadar to expand its team globally and invest in its technology platform. 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. The team aims to provide a personalized user experience for travelers in new and existing markets."
The Schoenherr team consisted of Partner Thomas Kulnigg and Associates Sascha Smets, Maximilian Nutz, and Teresa Waidmann.
The Herbst Kinsky team was led by Partner Philipp Kinsky with support of Attorney David Pachernegg and Associate Felix Kernbichler.