YPOG has advised Berlin-based fintech Moss on its Series C financing round. Upon completion of the transaction, Moss has reached a valuation of EUR 1 billion, achieving unicorn status. To date, the company has raised more than EUR 200 million in total funding. The Series C financing round was led by fintech specialist Portage, with participation from existing investor Cherry Ventures.
Founded in 2019, Moss develops an AI-powered finance platform for the European mid-market, providing companies with greater transparency and control over their financial processes. The platform automates, among other things, corporate card issuance, invoice management, and expense management, and is now used by more than 5,000 companies across Europe.
With the proceeds from the Series C financing round, Moss intends to further expand its “Finance AI” technology platform. The platform is designed to support finance teams in key functions such as spend management, accounts receivable management, accounting, and month-end closing processes, while ensuring that users retain full control over the AI applications they deploy.
“With this Series C funding round, Moss has reached an important milestone in its corporate development. Its unicorn status underscores the confidence international investors have in the company’s business model and technological development. It has been a great pleasure advising Moss on its journey since 2021”, comments Dr. Johannes Janning, partner at YPOG.
Team
Dr. Johannes Janning (Lead, Transactions), Partner, Cologne
Janic Salcedas (Transactions), Associate, Cologne
Paul Harenberg (Transactions), Associate, Cologne
Laura Franke (Transactions), Senior Project Lawyer, Cologne
Matthias Kresser (Transactions), Partner, Berlin
The in-house team was led by Alexander Hoffmann (Managing Director & General Counsel).
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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 and London.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog