Frank­furt a.M. — The inter­na­tio­nal law firm Good­win has advi­sed Storm Ventures on a €60 million Series C finan­cing round for sola­ris­Bank.

The finan­cing round was led by HV Holtz­brinck Ventures; in addi­tion to Storm Ventures, Vulcan Capi­tal and Samsung Cata­lyst Fund parti­ci­pa­ted. The strength of the round is also reflec­ted in the fact that about half of the funding was raised from exis­ting inves­tors; these were led by yabeo and supported by BBVA, SBI Group, ABN AMRO Ventures, Global Brain, Hegus and Lake­star.

Storm Ventures is a Sili­con Valley-based venture capi­tal firm focu­sed on early-stage invest­ments in leading B2B compa­nies, inclu­ding Aire­space (sold to Cisco), Blues­hift, Echo­Sign (sold to Adobe), Marketo (sold to Adobe), MobileI­ron, Sendoso, Splash­top and Work­ato. The company has also inves­ted in leading Euro­pean start­ups, inclu­ding Algo­lia, Digi­tal Shadows and Talkdesk.

Berlin-based sola­ris­Bank AG is the first banking-as-a-service plat­form with a full banking license that enables compa­nies to offer their own finan­cial products. APIs give part­ners access to the bank’s modu­lar services. Inclu­ding the current Series C finan­cing round, sola­ris­Bank has raised a total of more than 160 million euros in the past four years.

Advi­sors Storm Ventures: Good­win, Frank­furt a.M./Silicon Valley
Gregor Klenk, Photo (Private Equity, Frank­furt); Craig Schmitz (FinTech, Sili­con Valley/Los Ange­les; both Lead); Asso­ciate: Joana Pamu­kova (Private Equity, Frankfurt)