Berlin – A YPOG Team co-led by Benjamin Ullrich and Tobias Lovett comprehensively advised venture capital investor Molten Ventures on the latest financing round of Germany-based HiveMQ GmbH. The funding round, with a total volume of €40 million, was led by Molten Ventures, with further participation by new investors Mubadala Capital and Illusion, as well as existing investors Earlybird, Senovo and New Forge.
HiveMQ partners with global brands across a range of industries to increase the connectivity of their products and modernize their production operations. Some global automobile manufacturers use HiveMQ’ core product MQTT as their standard software for their vehicle platforms in order to provide a better overall customer experience as well as provide more insights into vehicle operations. Urban governments also use MQTT to transform public transit, improve public service, and reduce operating costs.
The proceeds of the new investment will be used to accelerate the development, growth and adoption of the HiveMQ group’s MQTT messaging platform. It is estimated that by 2025 approximately 40 billion IoT devices will be connected to the internet, sending and receiving data.
Advisors Molten Ventures:
Dr. Benjamin Ullrich (Co-Lead, Corporate/Transactions), Partner
Tobias Lovett (Co-Lead, Corporate/Transactions), Senior Associate
Dr. Benedikt Flöter (IP/IT), Associated Partner
Anna Eickmeier (Data Protection), Senior Associate
Alexandra Steifensand (Corporate/Transactions), Associate
About Molten Ventures
Founded in 2006, Molten Ventures is a venture capital investment firm headquartered in London, United Kingdom. The firm prefers to invest in the commercial services, digital health and wellness, deeptech, hardware & electronics, consumer services, artificial intelligence, cloud, enterprise, SaaS and media sectors. The firm focuses on European technology sector.
About HiveMQ
Developer of a MQTT broker platform designed to move data from device to cloud in a secure, reliable, and scalable manner. The company's platform allows companies to connect devices to the internet, enabling clients to use this technology for the production for mission-critical use cases like connected cars, transportation, logistics, Industry 4.0 and connected IoT products.
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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.
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