DLA Piper advises Commerzbank venture arm neosfer on €3m round in Vamo

Photo: Matthias Lais (left) and Kai Werner, Mana­ging Direc­tor at neos­fer (Photo © neosfer)
28. Septem­ber 2023

Frank­furt a. Main — Neos­fer, the early-stage inves­tor of Commerz­bank, parti­ci­pa­tes in the EUR 3 million finan­cing round of the start-up Vamo. Also invol­ved are the newly formed Colo­­gne-based VC Realyze Ventures and Caesar Ventures from Munich. Promi­nent angel inves­tors from the German start-up scene, inclu­ding McMak­ler & MAYD foun­der Hanno Heint­zen­berg, Valen­tin Sawad­ski, foun­der of Tado, or Max Schroe­ren, foun­der of Enter, complete the round.

The foun­ding team of Vamo, Laurenz Ohlig, Falk Hantl and Dr. Jan Ossen­brink, follows the vision of advan­cing the heat tran­si­tion in Germany and focu­ses on the trendy topic of heat pumps. The advan­tage of this tech­no­logy is that it is mature and has the poten­tial to decar­bo­nize the buil­ding sector in the near future. What is miss­ing from Vamo’s point of view is speed in the instal­la­tion of the heat pumps.

Vamo is a specia­list company opera­ting throug­hout Germany, specia­li­zing in heat pumps, and has set itself the goal of acce­le­ra­ting the heat tran­si­tion in Germany. In addi­tion to the consis­tent digi­ta­liza­tion of sales, logi­stics and instal­la­tion proces­ses, Vamo is also working on its own soft­ware for the opera­tion of heat pumps. The capi­tal raised in the finan­cing round is to be used to scale the core business.

As a wholly owned subsi­diary and early-stage inves­tor of Commerz­bank, neos­fer bene­fits from in-depth indus­try know-how for the imple­men­ta­tion of inno­va­tive solu­ti­ons. The company was foun­ded in 2013 and employs 35 people.

Advi­sor neos­fer: DLA Piper

Part­ner Simon Vogel and Coun­sel Marcel Nurk (both Corporate/Private Equity, Munich).

About neos­fer

neos­fer GmbH, an early-stage inves­tor and inno­va­tion unit of Commerz­bank Group, inves­ti­ga­tes future tech­no­lo­gies that are rele­vant to busi­ness and society, promo­tes and deve­lops sustainable digi­tal solu­ti­ons, and brings these profi­ta­bly to Commerz­bank and its custo­mers. This is done via the three areas invest, build and connect. Through stra­te­gic venture capi­tal (invest), in-house deve­lo­p­ment of tech­no­lo­gies and busi­ness models (build), and buil­ding ecosys­tems around the sustainable and digi­tal future of society (connect), neos­fer crea­tes access to innovation.

With a port­fo­lio of over 30 digi­tal and sustainable start-ups, the company is always looking to the future and conti­nuously deve­lo­ping. Some successful proto­ty­pes have alre­ady emer­ged from this and are being used in the Commerz­bank Group. These include Project Lissi, a block­chain-based iden­tity network for self-deter­­mi­­ned iden­ti­ties. Through its own events, such as the monthly tech start-up event series “Between the Towers” and the IMPACT FESTIVAL, neos­fer streng­thens its network in the inno­va­tion, venture and sustaina­bi­lity sectors.

neos­fer is a wholly owned subsi­diary of Commerz­bank AG, head­quar­te­red in Frank­furt am Main.

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.

Subscribe newsletter

Here you can read about the latest transactions, IPOs, private equity deals and venture capital investments, who has raised a new fund, how Buy & Build activities are going.

Get in touch

Contact us!
fyb [at]