Merantix and SoftBank Investment Advisers agree on strategic partnership
Berlin — YPOG provided comprehensive advice to Berlin-based AI Venture Studio Merantix (MX AG) on the structuring of its venture funds and the related investment by the world’s largest technology investor SoftBank, which is participating through its Vision Fund 2. Seed investments are to be financed from Merantix’s established in-house venture fund.
At the same time, Merantix and with SoftBank Investment Advisers (SIBA) announced a strategic partnership to promote AI technology in Germany.
Both companies are convinced that artificial intelligence will be the most significant technology of our time. SoftBank has also invested globally in the past and has taken a leading role in this field. Merantix was founded in 2016 by Adrian Locher and Rasmus Rothe and sees itself as the world’s first AI venture studio. The company addresses the world’s most pressing problems by turning cutting-edge AI research into products. This is done through a sophisticated venture-building process.
For example, Merantix has already founded seven AI companies to date, including Cambrium, Kausa, SiaSearch and Vara. According to the company, up to ten more companies are to follow in the next few years. In April 2021, Merantix opened a 5,200-square-meter AI campus at Berlin’s Nordbahnhof, where startups with artificial intelligence-related business models can rent space. In addition, Merantix’s own spin-offs are also located there.
YPOG’s comprehensive advice covered all tax, regulatory and corporate law issues relating to the Fund. In previous years, the Berlin office of the law firm has already regularly advised Merantix, including in the context of the overall restructuring, in various investments and also in the structuring of a € 25 million fund in 2020.
Advisor Merantix: YPOG
Dr. Fabian Euhus (Lead Partner), Partner, Dr. Helder Schnittker, Partner, Joel El-Qalqili, Associated Partner, Dr. Sebastian Schwarz, Associated Partner
YPOG is a specialist tax and commercial law firm, operating in the core areas of corporate, funds, litigation, tax, transactions, IT/IP and notarial services. The YPOG team advises a wide variety of clients. These include emerging technology companies and family-run medium-sized enterprises as well as corporations and private equity/venture capital funds. Since its foundation in 2017, the firm has become one of the leading addresses for venture capital, private equity and fund structuring in Germany. The firm and its partners are nationally and internationally ranked by JUVE, Best Lawyers, Legal 500, Focus, and Chambers and Partners. Today, YPOG employs more than 70 experienced lawyers, tax advisors, tax specialists and a notary in three offices in Berlin, Hamburg and Cologne. www.ypog.law as well as www.linkedin.com/company/ypog.