Munich — Munich-based parking sensor provider Clerverciti Systems has found a second investor in EnBW New Ventures. The venture capital subsidiary of the Baden-Württemberg-based energy giant is investing ten million euros in the start-up, which wants to take the plunge into the American market. The group of investors in Cleverciti Systems already includes the Belgian investment company SPDG.
Cleverciti Systems has been producing systems for energy-saving parking management since 2012. Free parking spaces are displayed to the minute by means of permanently installed sensors. In 2016, the company was able to win the Belgian investor SPDG. With EnBW New Ventures, the company is now aiming to market its digital technology internationally.
For some time now, EnBW New Ventures has been making targeted investments in young companies that represent the digitalized energy world of the future. The portfolio includes, for example, Theva, a Bavarian equipment manufacturer, and Lumenaza, a Berlin-based software company founded in 2013 that offers solutions for regional power supply.
Advisor EnBW: Weitnauer (Munich)
Dr. Wolfgang Weitnauer (Corporate/M&A)
Inhouse Legal: Martin Düker (General Counsel)
Advisors to Cleverciti Systems: Baker & McKenzie (Munich)
Dr. Michael Bartosch (Lead), Berthold Hummel (both Corporate/M&A), Dr. Lothar Determann (IP Law; San Francisco); Associates: Dr. Tino Marz, Hanna Lütkens (both Corporate), Fabian Böttger (Munich), Dr. Markus Hecht (both IP Law; Frankfurt)
GKK Partners (Munich)
Hermann Krämer (auditor/tax consultant) — known from the market