Insights

Schnittker Möllmann Partners (SMP) has launched its first virtual internship program on 30 March 2020. In addition to interns who have already been accepted previously, further students who have to complete mandatory internships and were unable to take up other internships at short notice due to the corona pandemic are also taking part. The interns can look forward to an extensive program that SMP consultants will present online.

Find current information on legal changes here.

SMP is working from home - with the same effort and level of quality which you are used to.

Schnittker Möllmann Partners (SMP) has advised Berlin-based fintech FinCompare on their Series A with a total volume of 22 million euros. In addition, SMP provides comprehensive advice to FinCompare on all ongoing legal matters. The current financing round is led by the existing investors Speedinvest, ING Ventures and UNIQA Ventures. Elevator Ventures from Raiffeisenbank International AG and private backers also joined the group of investors.

Schnittker Möllmann Partners (SMP) has advised the Swiss luxury watch online shop Chronext on their Series E. The financing round is led by Dutch venture capital fund Slingshot Ventures and amounts to a total of 65 million euros. Existing investors include Partech, Endeit Capital, Tengelmann Ventures, Octopus Ventures, Capnamic and NRW.Bank.

A common feature of almost every exit transaction of VC-backed companies is the large number of sellers involved. This is one of the main reasons why so-called multiseller transactions are rather complex. The different groups of selling shareholders, including founders, business angels, financial investors and possibly strategic investors, often pursue different interests which have to be aligned for the success of the transaction.

Schnittker Möllmann Partners (SMP) has advised e.ventures and Insight Partners on one of the largest financing rounds in Austria. The two lead investors provided capital to the Vienna SaaS/PropTech start-up PlanRadar in the course of a Series A financing round. The aggregate volume of the financing round amounts to a total of 30 million euros.

Schnittker Möllmann Partners (SMP) has advised the international private equity and venture capital firm Battery Ventures in connection with the series A financing round of the Munich-based business travel start-up Lanes & Planes with a total volume of 10 million US-Dollar.

Schnittker Möllmann Partners (SMP) provided legal and tax advice to the Berlin marketing startup store2be for its latest financing round. In addition to the existing investors Project A Ventures, Hevella Capital and IBB Beteiligungsgesellschaft, store2be was able to win a significant name and an experienced partner as a new investor with SIGNA Innovations.