Northzone: Series B round for Klang Games

Cate­gory: Venture Capi­tal
4. Septem­ber 2019

Berlin — Inter­na­tio­nal law firm Bryan Cave Leigh­ton Pais­ner (BCLP) has advi­sed North­zone on its follow-on invest­ment in the Series B funding round for Berlin-based games deve­lo­per Klang Games.

As part of the finan­cing round, Nova­tor Part­ners and LEGO Ventures joined as new inves­tors. In addi­tion to North­zone, other legacy inves­tors Neoteny, first­mi­nute capi­tal, Makers Fund and New Life Ventures also parti­ci­pa­ted, brin­ging Klang Games’ total raised to over USD 22 million. The Berlin-based games start-up was foun­ded in 2013 by CEO Mundi Vondi in Reykja­vik, Iceland, and later moved to the German capi­tal. With the newly raised capi­tal, Klang Games plans to further deve­lop its hit game “Seed”, an MMO game with persis­tent story­li­nes that can be used by thou­sands of play­ers simultaneously.

North­zone is a Euro­pean venture capi­tal fund that helps entre­pre­neurs build compa­nies of the future. With the EUR 350 million NZ VIII Fund, North­zone runs one of the largest venture funds in Europe speci­fi­cally focu­sed on early stage entre­pre­neur­ship. North­zone has offices in London, Stock­holm, New York and Oslo and is among the early inves­tors in compa­nies such as Spotify, iZettle and Trustpilot.

The BCLP team, led by Berlin-based part­ner Dr. Albrecht von Brei­ten­buch, had alre­ady advi­sed North­zone as lead inves­tor in the previous Series A finan­cing round. He regu­larly advi­ses North­zone on their invest­ments in Germany, inclu­ding invest­ments in Outfit­tery, TIER, Freight­Hub and Perso­nio. At the Berlin office, he has built a growing prac­tice in the area of tech­no­logy compa­nies and venture capi­tal inves­tors and leads this prac­tice area of BCLP in Germany.

About Bryan Cave Leigh­ton Paisner
Bryan Cave Leigh­ton Pais­ner is a fully inte­gra­ted global busi­ness law firm with more than 1,400 lawy­ers in 31 offices across North America, Europe, the Middle East and Asia, provi­ding clients with compre­hen­sive legal coun­sel where­ver and when­ever they need it. Known for its service and team-orien­­ted culture and indus­­try-speci­­fic inno­va­tions, the firm offers clients one of the most active M&A, real estate, finan­cial services, liti­ga­tion and corpo­rate risk prac­ti­ces in the world.

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