Northzone: Series B round for Klang Games
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.