Cologne — A YPOG team led by Jens Kretzschmann provided comprehensive legal and tax advice to Heartfelt on the structuring and first closing of its new early-stage VC fund with a target volume of EUR 80 million. In addition to established LPs, Axel Springer and Porsche again participated in the closing as anchor investors.
With its fund, Heartfelt, like its predecessor structure APX, will invest primarily in European start-ups in their early-stage phase. Heartfelt invests in startups at the earliest possible stage — often before the angel round. Initial investments are up to EUR 100,000 and will be further increased until the Series A round if the start-ups show momentum and raise external capital.
Heartfelt is the new Berlin unit of the team of APX, a joint venture of Axel Springer and Porsche, which as an early-stage investor also invests in European, early-stage start-ups across sectors. Co-CEOs are Dr. Henric Hungerhoff (photo © Porsche AG) and Jörg Rheinboldt. www.heartfelt.capital
Consultant Heartfelt: YPOG
Jens Kretzschmann (Lead, Funds), Partner, Berlin
Dr. Sebastian Schödel (Funds), Partner, Cologne
Dr. Andreas Bergthaller (Funds), Senior Associate, Cologne
Markus Alsdorf (Funds), Associate, Cologne
Dr. Carl Sieger (Tax), Associate, Cologne
Sylwia Luszczek (Legal Operations), Legal Project Manager, Berlin
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