Berlin – SMP has advised UK-based investor LocalGlobe on its investment in deeptech company Apheris AI. Apheris AI is specialized in the data privacy-preserving collection and analysis of data by use of artificial intelligence. Their solution allows companies to collaborate securely and build privacy-preserving data ecosystems. Besides LocalGlobe, Dig Ventures Coöpertif U.A, Reil Ventures, System.one Fund I GmbH & Co. KG, Ian Hogarth, Bay Meadow Limited Partnership and existing shareholders participated in the financing round. LocalGlobe was comprehensively advised on corporate and tax matters by a team led by SMP partner Tim Schlösser. SMP had already advised the venture capital firm on its investment in the Max Planck spin-off Planblue in 2019.
"During a pandemic, the importance of access to and possibilities enabling us to exchange and analyse health data becomes particularly evident," SMP partner Tim Schlösser explains. "LocalGlobe has acknowledged this and by investing in Apheris AI, further promotes the development of deeptech for the healthcare industry."
LocalGlobe is a UK-based venture capital firm focusing on seed and impact investments. Founded in 1999 by Robin Klein and Saul Klein, LocalGlobe invests primarily in young British companies. Portfolio companies include Citymapper, Improbable, Lovefilm, Moo, Tweetdeck, Transferwise and Zoopla.
Apheris AI is a Berlin-based deeptech company, inter alia in the field of health technology. Founded in 2019, the start-up is dedicated in providing a secure solution for the exchange of biomedical information while protecting patient privacy.
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 50 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.
Advisors LocalGlobe: SMP
Dr. Tim Schlösser (Lead, Transactions), Partner
Dr. Malte Bergmann (Tax), Partner
Dr. Leonie Hartz (Transactions), Senior Associate
Ann-Kristin Lochmann (Tax Due Diligence), Senior Associate