Squire Patton Boggs and 42Law have advised Inven Capital on co-leading the EUR 8.5 million series A investment round of Hydrogrid, alongside Karma Ventures. Cobalt advised Karma Ventures. Herbst Kinsky advised Hydrogrid.
Inven Capital is a EUR 500 million venture capital fund focused on later-stage climate tech investments in Europe, backed by the CEZ Group and the European Investment Bank.
Hydrogrid is an Austrian developer of software for the hydropower industry.
According to Squire, “the funding round, co-led with Karma Ventures and with contributions from existing investors CNB Capital and SET Ventures, will enable Hydrogrid to continue its rapid growth and expand into new markets, supporting the transition towards a zero-carbon future.”
The Squire Patton Boggs team included Prague-based Partner Radek Janecek, Senior Associate Marek Hrubes, and Associate Jakub Nemecek.
The 42Law team included Partner Christof Strasser and Associates Bernhard Lichtneger and Florentina Klaffenbock.
The Cobalt team included Partner Kristel Raidla-Talur, Specialist Counsel Greete Kristiine-Kuru, Senior Associate Marten Amjarv, and Assistant Lawyer Paul Schifrin.
The Herbst Kinsky team included Partner Philipp Kinsky, Attorney at Law Angelika Kurz, and Associate Barbara Ring.
