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 – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 180 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Cologne, Hamburg, Munich, Cambridge and London.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog