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