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Weil advises INVEN CAPITAL on EUR 38 million investment in tado°

Photo: f.l.: Chris­tian Deil­mann, Co-foun­der and CPO of tado° and Toon Bouten, Co-foun­der and CEO ),
20. May 2021

Frank­furt a. Main — The Frank­furt office of the inter­na­tio­nal law firm Weil, Gotshal & Manges LLP advi­sed Inven Capi­tal SICAV, a.s. (“INVEN CAPITAL”) on its invest­ment in tado GmbH (“tado°”). In addi­tion to new inves­tor noven­tic group, exis­ting inves­tors such as INVEN CAPITAL, Amazon, Target Part­ners, Eon and Total also parti­ci­pa­ted in the 38 million euro finan­cing round.

Munich-basedtado° is the Euro­pean market leader for intel­li­gent indoor climate manage­ment and was foun­ded in 2011. In the mean­time, tado° employs 180 people.

INVEN CAPITAL is the venture capi­tal arm of the ČEZ Group, whose invest­ment focus is on invest­ments in clean-tech and new-energy companies.

Weil’s Frank­furt office regu­larly advi­ses INVEN on its invest­ments, such as its recent invest­ment in the logistics start-up Forto GmbH, finan­cing rounds at Zolar GmbH, the sale of its stake in the home battery storage provi­der sonnen to Shell Over­seas Invest­ment B.V. and its invest­ment in the start-up Cloud&Heat Tech­no­lo­gies GmbH, as well as the latest finan­cing round at Sunfire GmbH.

The Weil tran­sac­tion team was led by Fran­k­­furt-based Corpo­rate Part­ner Dr. Chris­tian Tapp­ei­ner. He was suppor­ted by Coun­sel Julian Schwa­ne­beck and Para­le­gal Nata­scha Späth (both Corporate).

Weil, Gotshal & Manges is an inter­na­tio­nal law firm with more than 1,100 lawy­ers, inclu­ding appro­xi­mately 300 part­ners. Weil is head­quar­te­red in New York and has offices in Boston, Dallas, Frank­furt, Hong Kong, Hous­ton, London, Miami, Munich, Paris, Beijing, Prince­ton, Shang­hai, Sili­con Valley and Washing­ton, D.C.

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