DLA Piper advises Cloudflight on TeamEcho financing round
Linz (ÖS) — DLA Piper has advised Cloudflight as an existing investor in a financing round totaling €1.3 million for Linz-based HR tech startup TeamEcho. In addition to the existing investors, TeamEcho was able to secure the participation of well-known investors in the German-speaking region with seed + speed Ventures, Carsten Maschmeyer’s VC fund, the investment vehicle 8eyes around Runtastic founder Florian Gschwandtner and the OÖ HightechFonds.
Renowned software developer and AI solution provider Cloudflight helps companies drive their digital transformation, delivering scalable, flexible custom software that can be implemented quickly and seamlessly across the enterprise.
TeamEcho’s anonymous employee feedback tool helps customers create a work environment where everyone can reach their full potential. As a continuous mood barometer, the tool provides an up-to-date view of the working atmosphere at any time and allows emerging problems to be identified as they arise and solutions to be found. Since the foundation of TeamEcho, Cloudflight has supported the founding team in the development of the software product and the successful establishment of the company.
Advisor Cloudflight: DLA Piper
With a team led by partner Simon Vogel (Corporate/Private Equity, Munich)
About DLA Piper
DLA Piper is one of the world’s leading commercial law firms, with offices in more than 40 countries in Africa, Asia, Australia, Europe, the Middle East, and North and South America. In Germany, DLA Piper is represented by more than 250 lawyers at its offices in Frankfurt, Hamburg, Cologne and Munich. In certain jurisdictions, this information may be considered attorney advertising. www.dlapiper.com