CMS advises Cadence Growth Capital on investment in IoT commerce platform tink

Stuttgart – IoT commerce platform tink has successfully completed its Series D financing round, which raised EUR 40 million. The round of financing was led by Cadence Growth Capital (CGC). Other investors included Rocket Internet and the ProSiebenSat1 investment arm, SevenVentures. tink plans to use the financing to drive its international growth. The firm also intends to expand its range of services and products.

A CMS team led by Dr Florian Plagemann (Co-Lead) and Dr Tobias Schneider advised CGC on all aspects of the contract negotiations and legal due diligence. The growth private equity fund regularly relies on CMS’s expertise, most recently with regard to its follow-on investment in Sunshine Smile GmbH (PlusDental).

CGC is a growth PE fund with a focus on Germany, Austria and Switzerland. The fast-growing firm specialises in partnerships with high-calibre companies with strong organic and inorganic growth prospects. CGC invests capital on behalf of over 100 HNWIs from the M&A, PE, corporate and start-up communities, as well as selected institutional investors. In addition to tink, CGC also holds a stake in several other technology-driven growth companies, such as Sherpany, Everphone, Mitos, Moonfare and PlusDental.

Berlin-based tink was established in 2016 and focuses on the Internet of Things and especially the connected home. Alongside marketing the networked hardware, the company concentrates in particular on the associated services, such as consulting, installation, insurance and rental models. It claims that more than 700,000 customers use the firm’s platform.

CMS Germany

Dr Tobias Schneider, Lead Partner, Stuttgart, Corporate/Private Equity
Dr Florian Plagemann, Counsel (Co-Lead), Frankfurt/Main, Corporate/Venture Capital
Dr Boris Alles, Counsel, Frankfurt/Main
Andreas Reisner, Associate, Frankfurt/Main, both Labor, Employment & Pensions
Dr Dirk Smielick, Counsel, Cologne, Intellectual Property
Martin Kilgus, Senior Associate, Hamburg, TMC

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