P+P advises Capnamic Ventures on launch and fundraising for a new EUR 115 million tech fund

The early-stage venture capital investor Capnamic Ventures has successfully completed the final closing of its new tech fund with a volume of EUR 115 million (hard cap).

Capnamic Ventures, headquartered in Cologne and Berlin, was founded in 2013 and has already completed the investment phase of the first fund, on which P+P also advised. The investment objectives of the new fund are start-ups and technology companies, mainly in German-speaking countries, with a focus on B2B solutions, digital infrastructure and digital transformation.

Capnamic almost tripled the volume of Fund II compared to its predecessor and broadened its investor base. Investors include international private, institutional and public investors.

P+P Pöllath + Partners advised Capnamic Ventures on all contractual, tax and regulatory aspects of fund structuring and contractual documentation, as well as on negotiations with investors, with the following team:

• Dr. Stephan Schade (counsel, lead, private funds, Berlin)
• Amos Veith (partner, private funds, Berlin)
• Dr. Andreas Rodin (partner, private funds/tax, Frankfurt)