Venture Capital

Germany

Your leading venture capital adviser with innovative Solutions

Venture capital transactions are a key strength of CMS Germany. Clients and the prestigious JUVE Handbook rank us among the top venture capital practices in Germany.

Tier 1 and 2 – JUVE Handbook, 2014/2015

By developing innovative solutions, we have become widely recognised as a pioneering player and standard setter. In addition to our focus on transactions, we have broad-based, in-depth expertise in all relevant legal areas.

Global markets in view

Our clients (investors and technology-oriented start-ups) benefit from our expertise in dynamic sectors such as biotech, cleantech, IT, medtech, pharmaceuticals, telecommunications, software and eCommerce.

As a member of the international CMS organisation, we provide you with direct access to resources that span more than 71 offices in over 40 countries. Strong partner involvement in the advisory teams guarantees efficient and high-quality advice – at both national and cross-border level.

Our service portfolio covers every Topic

We advise our clients throughout the acquisition and ownership phases – from the initial investment through further rounds of financing and restructuring of the venture capital-financed companies, right up to exit.

Investment

  • Transaction structuring
  • Cross-border "flips" or "re-flips" in preparation for investment
  • Drafting and negotiating letters of intent and/or term-sheets
  • Due diligence Preparing agreements and resolutions
  • Contract negotiations
  • Transaction management
  • Assistance with post-closing activity

Portfolio support

  • Advice on further rounds of financing
  • Non-dilutive financing (e.g. venture loans)
  • Providing assistance for shareholders' meetings
  • and general meetings Preparing shareholder resolutions
  • CEO and directors' service contracts
  • Employee stock option programmes
  • Support for operational activities
  • Preparing for restructuring and expansion

Exits

  • Trade sale
  • Secondary transactions
  • Merger, share exchange
  • IPO Agreements with M&A advisers
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Sehr kommunikationsstark und gleichzeitig extrem gut darin, rechtliche Zusammenhänge einfach zu klären.

The Legal 500 Deutschland, 2020

Keine Verschwendung von Arbeitszeit für unnötigen Papierkram und keine Angst vor extrem knackigen Deadlines.

The Legal 500 Deutschland, 2020

They are very experienced, pragmatic, and have a specialist for every topic.

Chambers Europe, 2019

Eine häufig empfohlene Kanzlei für PE, und führend in VC, die alljährl. ihre enorme Bandbreite sowohl in der Mid-Cap-Arbeit als auch in VC unter Beweis stellt.

JUVE Handbuch 2014/2015

Eine führende Kanzlei für PE u. VC, deren Praxis als breiteste im Markt gilt – u. stetig weiterwächst.

Chambers Europe, 2013

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17/09/2020
CMS ad­vises In­farm on USD 170 mil­lion series C fund­ing round
In­farm GmbH has an­ncouned a USD 170 mil­lion in­vest­ment in a series C fund­ing round. A CMS team headed by lead part­ner Dr Jörg Zätz­sch ad­vised the founders...
07/09/2020
CMS ad­vises founders of AI start-up Semalytix on Series A fin­an­cing round
A CMS team headed by lead part­ner Dr Jörg Zätz­sch ad­vised the founders of Semalytix on all leg­al as­pects of the fin­an­cing and as­so­ci­ated doc­u­ment­a­tion...
06/08/2020
One of the largest bi­otech fin­an­cing rounds in Ger­many in re­cent years:...
A CMS team headed by lead part­ner Stefan-Ul­rich Müller ad­vised T-knife on all leg­al as­pects of the Series A fin­an­cing. CMS’s Mu­nich-based ven­ture cap­it­al and life sci­ences team has been ad­vising the bi­otech start-up on all leg­al mat­ters since its seed fin
13/02/2020
CMS ad­vises LEA Part­ners on seed fin­an­cing round for em­ploy­ee app Flip
A CMS team headed by lead part­ner Stefan-Ul­rich Müller ad­vised LEA Part­ners on all leg­al as­pects of the fin­an­cing. LEA Part­ners is a long­stand­ing cli­ent and reg­u­larly re­lies on the ex­pert­ise of the Mu­nich-based CMS team in ven­ture cap­it­al trans­ac­tions and
11/09/2019
Private Health In­sur­ance As­so­ci­ation ad­vised by CMS on es­tab­lish­ing ven­ture...
Frank­furt/Main – Ger­many’s Private Health In­sur­ance As­so­ci­ation (PKV) has launched the “heal cap­it­al” ven­ture cap­it­al fund to­geth­er with Ber­lin-based di­git­al health in­vestors Heart­beat Labs and Fly­ing Health...
08/07/2019
CMS ad­vises on spin-off and fin­an­cing of Break­point Thera­peut­ics GmbH
A CMS team headed by lead part­ner Stefan-Ul­rich Müller again ad­vised Evotec on all leg­al as­pects of the spin-off and ven­ture cap­it­al fin­an­cing...
29/05/2019
CMS ad­vises per­son­al shop­ping ser­vice Out­fit­tery on mer­ger with Modo­moto
Ber­lin-based com­pan­ies Out­fit­tery and the Cur­ated Shop­ping Group (which in­cludes the Modo­moto brand) are mer­ging to form Europe’s largest per­son­al shop­ping pro­vider...
15/05/2019
CMS ad­vises CY­N­ORA on Series C round of fin­an­cing
cy­n­ora GmbH, a ma­ter­i­als man­u­fac­turer in the dis­play in­dustry, has re­ceived an ad­di­tion­al USD 25 mil­lion from in­vestors in Asia, Europe and the US in a first clos­ing of its Series C fin­an­cing round...
24/04/2019
CMS ad­vises tech­no­logy in­vestor LEA Part­ners on ven­ture cap­it­al fin­an­cing...
Quant­itec, a de­veloper of real-time loc­al­isa­tion tech­no­lo­gies, has re­ceived growth cap­it­al of EUR 3.9 mil­lion in a ven­ture cap­it­al fin­an­cing round. The round was led by LEA Part­ners...
03/04/2019
Private equity pan­el 2019/I sur­vey by CMS and FIN­ANCE: In­vestors eager...
Des­pite a gloomy eco­nom­ic out­look and down­turn in growth, private equity in­vestors in the Ger­man mar­ket are con­tinu­ing to pur­sue ac­quis­i­tions...
07/02/2019
CMS equIP pro­gramme: New format for ad­vising in­nov­at­ive di­git­al and tech...
The ob­ject­ive of equIP is to sup­port se­lec­ted high po­ten­tial start-ups via ex­clus­ive ser­vices and in­ter­na­tion­al full-ser­vice leg­al ad­vice from CMS...
03/12/2018
CMS ad­vises Wel­ling­ton and HBM as lead in­vestors in Series D round of fin­an­cing...
A CMS team headed by Mu­nich-based part­ner Stefan-Ul­rich Müller ad­vised lead in­vestors Wel­ling­ton Part­ners and HBM on leg­al as­pects of the trans­ac­tion. Both in­vestors are long-stand­ing cli­ents and reg­u­larly rely on CMS for leg­al sup­port...