Project A Ventures continues to invest in Casavo, Dalma and Root Global
Berlin — Berlin-based fund Project A Ventures recently participated in the Series D financing round of Italian real estate platform Casavo. The funding has a total volume of € 400 million, consisting of a € 100 million equity financing and € 300 million from debt capital and thus represents the largest fundraising for a PropTech company in Europe. The financing round was led by Exor, a holding company run by the Agnelli family that makes a variety of investments ranging from publishing (e.g., The Economist) to automotive brands (e.g., Ferrari and Stellantis) to soccer clubs (Juventus). In addition to Project A Ventures, Greenoaks, 360 Capital, P101 SGR, Picus Capital and Bonsai Partners also participated. — YPOG advised venture capital investor Project A Ventures on this and the following two rounds of financing.
Project A Ventures also invested in French pet insurance platform Dalma. The Series A financing round has a total volume of € 15 million
and was led by Northzone, with further participation from Project A Ventures and Anterra Capital. Existing investors Global Founders Capital and Frst as well as Kima Ventures also participated again.
The venture capital investor also led the seed funding round of Berlin-based startup Root Global. Root Global’s mission is to make the Carbon OS
of the food industry. The financing has a total volume of € 2.5 million. In addition to Project A Ventures, investments were also made by Nucleus Capital and several business angels such as Mengting Gao, Andreas Berger, Max Viesmann, Markus Windisch, Michael
Brinkmann and Mario Götze.
Advisor:inside Project A Ventures:
Dr. Frederik Gärtner (Lead, Transactions), Partner, Rosa Wizisla (Transactions), Associate, Roman Schäle (Transactions), Associate Alexander Sekunde (Transactions), Associate
About Project A Ventures
Project A is one of the leading venture capital firms in Europe with offices in Berlin and London.In addition to assets under management of approximately $600 million
Project A supports its portfolio companies with a team of more than 100 experts in software and product development, business intelligence, branding, design, marketing, sales and recruiting. Project A was founded in 2012 and has since
supported more than 100 start-ups. The portfolio includes companies such as Trade Republic, WorldRemit, sennder, KRY, Spryker, Catawiki and Voi.
YPOG is a specialist tax and commercial law firm operating in the core areas of Funds, Tax and Transactions. 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. YPOG is 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 100 experienced lawyers, tax advisors, tax specialists and a notary in three offices in Berlin, Hamburg and Cologne.