Cologne – Berlin-based traveltech start-up Comtravo has closed a round of financing that raised a total of EUR 21 million. Dutch-German venture capital investor Endeit Capital led the round. Other investors include Deutsche Bank and AER Ticket.
A CMS team headed by lead partner Dr Malte Bruhns advised Endeit Capital on all legal aspects of the transaction. Endeit Capital is a longstanding CMS client. The team headed by Malte Bruhns previously advised Endeit on its investment in Chronext in 2018 and in gridscale in early 2019.
Endeit Capital is a European venture capital investor with offices in Hamburg and Amsterdam. Founded in 2006, it has invested in around 30 Internet scale-ups to date. It focuses on European “Connected Consumer” companies with business models in digital media & marketing, edtech, e-commerce and enterprise services.
Comtravo was established in Berlin in 2015. With a workforce of over 100, it operates and develops an automated platform for business travel bookings. It has already received support from well-known funding sources such as Project A, btov Partners and Creandum, as well as various business angels, including the founders of trivago. According to the company’s own figures, it has grown by more than 300 per cent in the last two years.
CMS Germany
Dr Malte Bruhns, Lead Partner
Stephan Weling, Senior Associate
Laura Christin Stein, Senior Associate, all Corporate/M&A
Thorsten Hemme, Counsel, TMC
Kai Neuhaus, Partner, Competition & EU
Dr Angela Emmert, Partner
Daniel Hennig, Senior Associate, both Labor, Employment & Pensions
Press Contact
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