Berlin – SMP has advised venture capital firm 468 Capital on investments in seven tech startups. 468 Capital invested in Berlin-based career platform Talentspace, AI company Workist (formerly outsmart.ai), climate startup Climate Labs, graphic design platform Vectornator (formerly Linearity), energy-as-a-service company Frequenz, and e-commerce company Razor Group, among others. 468 Capital received comprehensive legal advice from a team led by SMP partner Benjamin Ullrich. In the summer of 2020, a team led by SMP partners Helder Schnittker and Stephan Bank advised 468 Capital on the formation of its €180 million fund for deeptech startups.
"With the formation of its first fund last summer, 468 Capital prepared the ground for forward-looking deep-tech developments" says SMP Associated Partner Frederik Gärtner "HR, e-commerce, renewable energy: with the investments made, 468 Capital supports startups from various sectors that optimize processes through the use of artificial intelligence and also make important topics such as renewable energy accessible to the general public" adds Benjamin Ullrich.
468 Capital is a Berlin-based investment fund specializing in investment management and financial services. The company focuses on investing in companies that specialize in providing energy platform frequency and high-tech investments. 468 Capital was founded by Alexander Kudlich, Ludwig Ensthaler and Florian Leibert.
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 60 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.
Advisor 468 Capital: SMP
Dr. Benjamin Ullrich (Corporate), Partner
Dr. Frederik Gärtner (Corporate), Associated Partner
Matthias Kresser (Corporate), Senior Associate
Dr. Adrian Haase (Corporate), Senior Associate
Daniela Machado (Corporate), Senior Foreign Associate
Pia Meven (Corporate), Associate
Konstanin Häfner (Corporate), Associate