28
Thu, Mar
51 New Articles

Binder Groesswang and DLA Piper Advise on Blockpit Series A Financing

Binder Groesswang and DLA Piper Advise on Blockpit Series A Financing

Austria
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Binder Groesswang has advised Blockpit GmbH on its USD 10 million Series A financing round. DLA Piper advised lead investor MiddleGame Ventures.

In addition to advising the lead investor, DLA Piper coordinated other investors including Fabric Ventures, Force over Mass Capital, Tioga Capital, and Avaloq Ventures.

According to the DLA Piper, MiddleGame Ventures is a Luxembourg-based fintech venture capital firm.

According to Binder Groesswang, Blockpit is a Linz-based startup specializing in control software for crypto investors. The raised capital will primarily be used to accelerate European growth, as Blockpit’s medium-term goal is to operate in all European markets. The firm also advised Blockpit on its 2020 acquisition of Germany's 21 Consulting (as reported by CEE Legal Matters on September 15, 2020).

Binder Groesswang's team was led by Partner Christian Zwick and included Counsel Stefan Frank, Senior Associates Hermann Beurle and Johannes Bammer, and Associates Michael Mittermair and Alexander Scharkosi.

DLA Piper's team was led by Vienna-based Partner Christoph Mager and included Counsel Johanna Hoeltl and Senior Associate Christian Knauder.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.