Berlin – A YPOG team co-led by Frederik Gärtner and Tobias Lovett advised venture capital investor Chalfen Ventures on the recent seed financing round of SaaS startup Luminovo. The funding was led by Chalfen Ventures with further participation of Tencent, Verve Ventures and Khadjavi Capital Partners as well as the existing investors La Famiglia and Cherry Ventures.
With its software, Munich-based startup Luminovo fills a gap in the market and counteracts the existing chip shortage in the industry. The program allows customers to calculate the risk of relying on a single component from a single supplier or the cost of considering alternative components during the design process. Luminovo founder Schaal also recently acquired competitor Electronic Fellows, bringing his second product to market. The startup has developed a program that enables PCB manufacturers to create digital offers in a short time. Previously, these were mainly created in time-consuming manual work.
With the fresh money, Luminovo plans to double the team, push the product development and expand the distribution.
Advisors Chalfen Ventures:
Dr. Frederik Gärtner (Co-Lead, Transactions), Partner
Tobias Lovett (Co-Lead, Transactions), Senior Associate
Dr. Benedikt Flöter (IP/IT), Associated Partner
Anna Eickmeier (IP/IT), Senior Associate
About Chalfen Ventures
Chalfen Ventures is Mike Chalfen’s VC firm. It invests in software startups aiming to grow and dominate new and often non-obvious markets. Investing from day 1 through Series A, it often leads but is always flexible. Mike operates as a solo VC, with no distractions from working 1:1 with the entrepreneurs who have chosen him.
About Luminovo
Luminovo is a SaaS provider for the electronics industry. The company's vision is to bring innovations faster to everyone by reducing the time and resources needed to go from an idea to a market-ready electronic product. Their software rethinks processes for OEMs, EMS, and distributors in order to accelerate technological progress. Their electronics operating system is designed to make these processes more collaborative, data-driven, and automated enabling clients to benefit from streamlined workflows.
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About us
YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard.
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
