Venture Capital

Back to Private Equity & Venture Capital

Your leading venture capital adviser with innovative Solutions

Venture capital transactions are a key strength of CMS Germany. Clients and the prestigious Legal 300 rank us among the top venture capital practices in Germany.

„CMS impresses with a broad practice that acts for all market participants and a presence across numerous German and international offices.“, The Legal 500 EMEA, 2021

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.


  • 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


  • Trade sale
  • Secondary transactions
  • Merger, share exchange
  • IPO Agreements with M&A advisers

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


CMS advises existing investors on exit from solar company Enviria
Frankfurt/Main – Enviria, one of Germany's leading providers of decentralised energy solutions, has entered into a definitive agreement on an equity investment from Blackrock, through its Global Renewable Power IV fund. As part of this transaction, the existing investors, Galileo Green Energy, BNP Paribas, Alter Equity and Redalpine, are selling their stake in Enviria.A CMS team headed by Dr Florian Plagemann advised the existing investors on all legal aspects of their exit. CMS regularly advises venture capital investors and start-ups and has already advised in connection with the previous financing round of Enviria. Enviria, based in Frankfurt/Main, offers innovative En­ergy-as-a-Ser­vice solutions for the B2B sector. The start-up takes on the financing, planning, installation and operation of solar systems, as well as the integration of charging stations and energy storage. CMS Germany Dr Florian Plagemann, Lead Partner Dr Friedrich von Spee, Counsel Carmen Hübner, Senior Associate Dr Maximilian Eitelbuß, Senior Associate, all VC/PE Birgit Wagner, Legal Manager Jule Marie Holz, Legal Specialist, both Smart OperationsPress Con­tact presse@cms-hs. com
CMS advises fitness technology provider EGYM on €207 million comprehensive...
Munich – German fitness technology and corporate fitness provider EGYM has received €207 million in fresh capital from US investor Affinity Partners and existing investors Mayfair Equity Partners...
CMS advises logistics start-up Rouvia on seed financing round
Berlin – Berlin-based start-up Rouvia, which is driving forward digitalisation of the logistics sector, has successfully raised EUR 2.9 million in a seed round of financing. Rouvia intends to use the...
CMS advises Treasury Intelligence Solutions on the acquisition of Cashforce
Munich – Treasury Intelligence Solutions (TIS) acquires Cashforce, a Belgium-based FinTech start-up offering AI-based cash management and cash forecasting solutions. The acquisition of Cashforce is...
CMS advises Fuse Venture Partners on investment in digital marketplace...
Frankfurt/Main – Fuse Venture Partners has participated in the EUR 9m Series A funding of digital marketplace provider MagaLoop. The financing round was led by Market One Capital and Atlantic Food Labs...
CMS advises biotechnology firm Tubulis on EUR 60 million Series B financing...
Munich – Biotech company Tubulis has successfully completed a Series B round of financing worth EUR 60 million. Three new investors, Andera Partners, Evotec SE and Fund+, joined the round. All the existing...
CMS advises founders and majority shareholders of Sellics Marketplace Analytics...
Berlin – Berlin-based software start-up Sellics Marketplace Analytics GmbH has been fully acquired by Ascential plc, a company headquartered and listed in London. Once the acquisition has been completed...
CMS advises INERATEC on Series A financing round for production of sustainable...
Berlin – Karlsruhe-based start-up INERATEC has gained a number of strategic investors to boost its production capacity for synthetic fuels derived from CO2 and green hydrogen. Investors include energy...
CMS advises real estate fintech start-up Urbyo on USD 5 million seed financing...
Berlin – Real estate fintech Urbyo has raised more than USD 5 million in a seed round of financing. The Berlin-based start-up operates an Internet platform aimed at reshaping the way property is bought...
CMS advises Cadence Growth Capital (CGC) on investment in phone-as-a-ser­vice...
Stuttgart – Phone-as-a-ser­vice provider everphone has raised USD 200 million in growth capital. The round of financing was led by Cadence Growth Capital (CGC), the fastest growing growth PE fund in...
CMS advises digital start-up Qualifyze on EUR 12 million Series A round...
Frankfurt/Main – Frankfurt-based digital start-up Qualifyze has received EUR 12 million of new capital in a Series A round of financing to boost development of its certification platform for the healthcare...
EGYM completes successful USD 41 million round of financing with CMS support
Munich – Munich-based fitness tech start-up EGYM has raised USD 41 million in a Series E round of financing. The round saw Mayfair Equity Partners, a leading growth investor in the technology and consumer...