Frank\u00adfurt a.M. \u2014 Good\u00adwin advi\u00adsed the legal tech company Right\u00adNow GmbH on a Series A finan\u00adcing of $10.5 million. Lead inves\u00adtors are venture capi\u00adta\u00adlist VR Ventures and the family office of Schwarz\u00adw\u00e4l\u00adder Boten, which in turn was advi\u00adsed by VC inves\u00adtor Redstone.<\/p>\n
VR Ventures also faci\u00adli\u00adta\u00adted an invest\u00adment in the bond issued by Right\u00adNow to purchase govern\u00adment-guaran\u00adteed Covid19 travel vouchers.<\/p>\n
Right\u00adNow had alre\u00adady recei\u00adved $2.1 million in a pre-Series A finan\u00adcing in a first closing that included parti\u00adci\u00adpa\u00adtion from the foun\u00adders of Triv\u00adago in 2019.<\/p>\n
Foun\u00added in 2017, Right\u00adNow GmbH is conside\u00adred one of the pioneers in the moder\u00adniza\u00adtion of consu\u00admer protec\u00adtion. The start-up, which specia\u00adli\u00adzes in \u201cconsu\u00admer claims purcha\u00adsing,\u201d buys claims from consu\u00admers against airlines, tour opera\u00adtors, hotels, insu\u00adrance compa\u00adnies and other compa\u00adnies and asserts the claims at its own risk. Right\u00adNow foun\u00adders Dr. Torben Antret\u00adter, Phil\u00adlip Eischet<\/strong> and Dr. Bene\u00addikt M. Quarch<\/strong> were recently named to the \u201c30 under 30\u201d by Forbes magazine.<\/p>\n Advi\u00adsor Right\u00adNow GmbH: Good\u00adwin, Frank\u00adfurt a.M. About VR Ventures<\/strong><\/p>\n Foun\u00added in Febru\u00adary 2020, the venture capi\u00adtal fund VR Ventures sees itself as an inno\u00adva\u00adtion driver in the finance and real estate indus\u00adtry. The fund\u2019s invest\u00adment focus is on start\u00adups in FinTech and PropTech as well as adja\u00adcent digi\u00adtal busi\u00adness solu\u00adti\u00adons for small and medium-sized enter\u00adpri\u00adses. Invests in the best teams and solu\u00adti\u00adons across Europe from the late seed stage.<\/p>\n VR Ventures is backed by the Berli\u00adner Volks\u00adbank Ventures team, which has been mana\u00adging Berli\u00adner Volks\u00adban\u00adk\u2019s startup invest\u00adments since 2015. The exis\u00adting part\u00adner\u00adship with Reds\u00adtone Digi\u00adtal will also conti\u00adnue. Andreas Laule (Mana\u00adging Direc\u00adtor, VR Ventures): \u201cThe idea of VR Ventures is to build on the expe\u00adri\u00adence of Berli\u00adner Volks\u00adbank Ventures and provide parti\u00adci\u00adpa\u00adting inves\u00adtors with imme\u00addiate access to stra\u00adte\u00adgi\u00adcally rele\u00advant start\u00adups in addi\u00adtion to an attrac\u00adtive return.\u201d<\/p>\n Timo Fleig (Mana\u00adging Direc\u00adtor, VR Ventures): \u201cWe invest in indus\u00adtries where we know our way around and where our inves\u00adtors do busi\u00adness them\u00adsel\u00adves. This market know\u00adledge not only helps us to select strong port\u00adfo\u00adlio compa\u00adnies, rather we want to bring our expe\u00adri\u00adence and strong network to the colla\u00adbo\u00adra\u00adtion and seize the oppor\u00adtu\u00adni\u00adties of digi\u00adta\u00adliza\u00adtion toge\u00adther with our port\u00adfo\u00adlio companies.\u201d<\/p>\n For the Volks- und Raiff\u00adei\u00adsen\u00adban\u00adken, VR Ventures is another leap into the future of banking. In addi\u00adtion to Berli\u00adner Volks\u00adbank, the follo\u00adwing other Volks\u00adbanks and Raiff\u00adei\u00adsen\u00adbanks are invol\u00adved in VR Ventures: Bank 1 Saar, Rhein\u00adgauer Volks\u00adbank, Verbund Volks\u00adbank OWL, Volks\u00adbank Biele\u00adfeld-G\u00fcters\u00adloh, Volks\u00adbank Kassel G\u00f6ttin\u00adgen, Volks\u00adbank Rhein-Ruhr, VR-Bank S\u00fcdpfalz and VR-Bank W\u00fcrz\u00adburg. In addi\u00adtion, IDEAL Lebens\u00adver\u00adsi\u00adche\u00adrung, a company outside the Genos\u00adsen\u00adschaft\u00adli\u00adche Finanz\u00adGruppe, was won as an inves\u00adtor. A total of ten inves\u00adtors have inves\u00adted a total of around \u20ac40 million in the fund. Over the next twelve months, parti\u00adci\u00adpa\u00adtion in VR Ventures is open to addi\u00adtio\u00adnal insti\u00adtu\u00adtio\u00adnal investors.<\/p>\n","protected":false},"excerpt":{"rendered":" Frank\u00adfurt a.M. \u2014 Good\u00adwin advi\u00adsed the legal tech company Right\u00adNow GmbH on a Series A finan\u00adcing of $10.5 million. Lead inves\u00adtors are venture capi\u00adta\u00adlist VR Ventures and the family office of Schwarz\u00adw\u00e4l\u00adder Boten, which in turn was advi\u00adsed by VC inves\u00adtor Reds\u00adtone. VR Ventures also faci\u00adli\u00adta\u00adted an invest\u00adment in the bond issued by Right\u00adNow to [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":36446,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1373],"tags":[],"class_list":["post-43370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-venture-capital-en","news-category-venture-capital-news"],"yoast_head":"\n
\n<\/strong>
\nGregor Klenk (Part\u00adner, Private Equity, Lead), Heiko Penn\u00addorf (Part\u00adner, Tax), Joana Pamu\u00adkova (Asso\u00adciate, Private Equity)<\/p>\n