Cologne, June, 19, 2023 – A YPOG team led by Jens Kretzschmann provided Heartfelt with
comprehensive legal and tax advice on the structuring and first closing of its new early-stage VC fund with a target volume of EUR 80 million. In addition to established LPs, Axel Springer and Porsche again participated in the closing as anchor investors.
With its fund, Heartfelt, like its predecessor structure APX, will invest primarily in European start-ups in their early-stage phase. Heartfelt invests in start-ups at the earliest possible stage - often before the angel round. Initial investments are up to EUR 100,000 and are further increased up to the Series A round if the start-ups show momentum and raise external capital.
Team
Jens Kretzschmann (Lead, Funds), Partner, Berlin
Dr. Sebastian Schödel (Funds), Partner, Köln
Dr. Andreas Bergthaller (Funds), Senior Associate, Köln
Markus Alsdorf (Funds), Associate, Köln
Dr. Carl Sieger (Tax), Associate, Köln
Sylwia Luszczek (Legal Operations), Legal Project Manager, Berlin
About Heartfelt
Heartfelt is the new Berlin unit of the team of APX, a joint venture of Axel Springer and Porsche, which also invests in European start-ups across sectors as an early-stage investor. .
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Contact:
Benno Engelmann
T +49 172 2749 689 | E presse@ypog.law
Engelmann Advisory
engelmann-advisory.com
About us
YPOG is a law firm specialized in tax and business law, active in the core fields of Funds, Tax, Banking + Finance, and Transactions. The team at YPOG represents a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations, as well as private equity, and venture capital funds. YPOG is one of the leading advisors for venture capital, private equity, and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, Chambers and Partners as well as Leaders League. Today, YPOG has more than 120 experienced lawyers and tax specialists and a notary, in three offices, located in Berlin, Hamburg, and Cologne.
