HV Capital: SPV for AMI Labs in € 1 billion seed round

Berlin/ Paris — YPOG has advi­sed HV Capi­tal on the struc­tu­ring of its invest­ment in AMI Labs, the AI startup foun­ded by Meta’s former Chief AI Scien­tist Yann LeCun. YPOG’s legal advice included the struc­tu­ring and imple­men­ta­tion of special purpose vehic­les (SPVs) speci­fi­cally tail­o­red to HV Capi­tal’s invest­ment strategy. 

AMI Labs (Advan­ced Machine Intel­li­gence) focu­ses on the deve­lo­p­ment of the next gene­ra­tion of AI systems based on so-called “world models”. The aim is to enable machi­nes to better under­stand and draw conclu­si­ons about the real world. The company is head­quar­te­red in Paris and has offices in New York, Mont­real and Singa­pore and has attrac­ted a broad inter­na­tio­nal inves­tor base. Accor­ding to media reports, AMI Labs is aiming for a valua­tion in the billi­ons and has recei­ved commit­ments from renow­ned inter­na­tio­nal tech­no­logy and growth investors. 

The Paris-based company Advan­ced Machine Intel­li­gence Labs (AMI Labs for short) has thus raised the largest finan­cing round of its kind in Europe to date. — In addi­tion to nume­rous venture capi­ta­lists, the inves­tors include well-known compa­nies and private inves­tors, inclu­ding Nvidia, Samsung, Toyota as well as Amazon foun­der Jeff Bezos, inves­tor Mark Cuban and former Google CEO Eric Schmidt. 

“Having worked with HV Capi­tal on a number of complex blind pool fund struc­tures in recent years, we are deligh­ted to now extend this trus­ted part­ner­ship to the struc­tu­ring of single-asset SPVs for this signi­fi­cant AI invest­ment,” comm­ents YPOG Part­ner Stephan Bank.

YPOG has alre­ady advi­sed HV Capi­tal on nume­rous matters, inclu­ding the struc­tu­ring of HV Capi­tal’s current fund gene­ra­tion with a total volume of over EUR 700 million and the successful appli­ca­tion for a full BaFin license.

Advi­sor AMI Labs: YPOG

Dr. Stephan Bank (Co-Lead) (Structuring/Corporate), Part­ner, Berlin
Dr. Helder Schnitt­ker (Co-Lead) (Structuring/Tax), Part­ner, Berlin
Dr. Michael Fili­po­wicz (Co-Lead/S­­truc­­tu­rin­­g/­­Cor­­po­rate), Asso­cia­ted Part­ner, Berlin
Dr. Dajo Sanning (Tax), Asso­cia­ted Part­ner, Hamburg
Dr. Niklas Ulrich (Regu­la­tory), Asso­cia­ted Part­ner, Hamburg
Axel Zirn (Corpo­rate), Senior Asso­ciate, Berlin
Dana Ritter (Corpo­rate), Senior Asso­ciate, Cologne
Alina Shchukina (Inves­tor Onboar­ding), Legal Project Mana­ger, Berlin

www.ypog.com

About HV Capital

HV Capi­tal is a leading Euro­pean venture capi­tal firm inves­t­ing in early-stage and growth compa­nies in the tech­no­logy and inter­net sectors. It has backed successful names such as Zalando, Deli­very Hero, SumUp, Depop, Enpal, Flix­bus, Senn­der, Quan­tum Systems and Isar Aero­space. The expe­ri­en­ced team supports start-ups from the earliest stages through to inter­na­tio­nal scaling.