Vorwerk Ventures with new € 150 million early-stage fund
Berlin — A YPOG team led by Stephan Bank and Julian Albrecht provided comprehensive advice to Vorwerk Ventures on the structuring of its latest early-stage fund with a total volume of € 150 million. The fund focuses on investing in European startups and aims to build the next generation of tech unicorns. With the recently closed fund, Vorwerk Ventures will primarily participate in seed and Series A financing rounds.
With the new fund, Vorwerk Ventures has now launched four fund generations with a total volume of € 500 million and invested in more than 40 startups. The company holds investments in several well-known VC-funded companies, including Thermondo, Everdrop, Planted and Avi Medical. Operating independently since 2019, Vorwerk Ventures was also one of the first investors in DAX-listed Hellofresh and delivery service Flaschenpost, which was sold to Oetker for approximately €1 billion.
Vorwerk Ventures has already relied on YPOG’s expertise in the structuring of the previous generation of funds in 2019. In addition, YPOG continuously advises Vorwerk Ventures on its investments, such as most recently Alpakas and Medkitdoc, as well as on exit transactions. “The success story of Vorwerk Ventures shows what a strong impact company-backed venture capital, combined with a courageous and high-performing management team, can have on the market and its players.” says YPOG Associated Partner Julian Albrecht.
Advisor Vorwerk Ventures: YPOG
About Vorwerk Ventures
Vorwerk Ventures is an independent venture capital fund that emerged from the Vorwerk Group at the end of 2019 and is characterized by a strong commitment to consumer-facing and digital companies. Headquartered in Berlin, Vorwerk Ventures currently manages assets of nearly €500 million and is constantly on the lookout for promising projects. Starting with seed and Series A investments of € 1 million up to € 10 million, Vorwerk Ventures offers ongoing support and provides up to € 15 million for subsequent financing rounds.
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. www.ypog.law