YPOG has provided legal advice to the European Innovation Council (EIC) Fund, an initiative of the European Commission, on its participation in the EUR 37 million Series A funding round of Munich-based space tech start-up constellr. The round is one of the largest early-stage financings in the European space sector and was led by Alpine Space Ventures and Lakestar, with the EIC Fund participating as a strategic public investor.
With this new funding, constellr’s total capital raised increases to around EUR 75 million. Founded in 2020, the company already operates satellites in orbit that use specialised infrared sensors to measure the Earth’s surface with high temperature accuracy. The resulting data is used, among other things, in agriculture, the food industry and by space agencies to detect potential crop failures at an early stage and monitor critical infrastructure. constellr aims to build a globally available thermal data infrastructure by the end of the decade, enabling near real-time monitoring of, for example, water demand and crop yields on individual fields.
“This transaction highlights our strong expertise in complex, internationally coordinated financing rounds in the deep-tech and technology sector as well as our long-standing, trust-based cooperation with the EIC Fund. This transaction seamlessly continues a series of joint deals through which we contribute in a targeted manner to the financing of leading European technology companies,” comments Dr. Johannes Janning, Partner at YPOG.
About EIC Fund
The European Innovation Council Fund from the European Commission is a deep tech investor across all technologies. The EIC Fund aims to fill a critical financing gap, to support companies in the development and commercialisation of disruptive technologies. With its large network of capital providers and strategic partners it shares risk and crowds in market players.
Team
Dr. Johannes Janning (Lead, Transactions), Partner, Cologne
Paul Harenberg (Transactions), Associate, Cologne
Laura Franke (Transactions), Senior Project Lawyer, Cologne
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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