Berlin — Berlin-based fund Project A Ventures recently parti­ci­pa­ted in the Series D finan­cing round of Italian real estate plat­form Casavo. The funding has a total volume of € 400 million, consis­ting of a € 100 million equity finan­cing and € 300 million from debt capi­tal and thus repres­ents the largest fund­rai­sing for a PropTech company in Europe. The finan­cing round was led by Exor, a holding company run by the Agnelli family that makes a variety of invest­ments ranging from publi­shing (e.g., The Econo­mist) to auto­mo­tive brands (e.g., Ferrari and Stellan­tis) to soccer clubs (Juven­tus). In addi­tion to Project A Ventures, Greenoaks, 360 Capi­tal, P101 SGR, Picus Capi­tal and Bonsai Part­ners also parti­ci­pa­ted. — YPOG advi­sed venture capi­tal inves­tor Project A Ventures on this and the follo­wing two rounds of financing.

Project A Ventures also inves­ted in French pet insu­rance plat­form Dalma. The Series A finan­cing round has a total volume of € 15 million
and was led by North­zone, with further parti­ci­pa­tion from Project A Ventures and Anterra Capi­tal. Exis­ting inves­tors Global Foun­ders Capi­tal and Frst as well as Kima Ventures also parti­ci­pa­ted again.

The venture capi­tal inves­tor also led the seed funding round of Berlin-based startup Root Global. Root Global’s mission is to make the Carbon OS
of the food indus­try. The finan­cing has a total volume of € 2.5 million. In addi­tion to Project A Ventures, invest­ments were also made by Nucleus Capi­tal and seve­ral busi­ness angels such as Meng­ting Gao, Andreas Berger, Max Vies­mann, Markus Windisch, Michael
Brink­mann and Mario Götze.

Advisor:inside Project A Ventures:

Dr. Frede­rik Gärt­ner (Lead, Tran­sac­tions), Part­ner, Rosa Wizisla (Tran­sac­tions), Asso­ciate, Roman Schäle (Tran­sac­tions), Asso­ciate Alex­an­der Sekunde (Tran­sac­tions), Associate

About Project A Ventures

Project A is one of the leading venture capi­tal firms in Europe with offices in Berlin and London.In addi­tion to assets under manage­ment of appro­xi­m­ately $600 million
Project A supports its port­fo­lio compa­nies with a team of more than 100 experts in soft­ware and product deve­lo­p­ment, busi­ness intel­li­gence, bran­ding, design, marke­ting, sales and recrui­ting. Project A was foun­ded in 2012 and has since
supported more than 100 start-ups. The port­fo­lio includes compa­nies such as Trade Repu­blic, World­Re­mit, senn­der, KRY, Spry­ker, Cata­wiki and Voi.

About YPOG

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.