CMS advises Kassel fitness start-up STRAFFR GmbH on financing round

Frankfurt am Main – A group of business angels of the Investors-Club Nordhessen has acquired shares in Kassel-based fitness start-up STRAFFR GmbH as part of a round of financing. In addition to the business angels, BMH Beteiligungs-Managementgesellschaft Hessen also took part in the capital increase and acquired an equity interest in the start-up.

A CMS team from the Frankfurt office consisting of Dr Florian Plagemann and Dr Joachim Dietrich advised STRAFFR GmbH on all legal aspects of the financing round. STRAFFR GmbH is a member of equIP, CMS’s dedicated start-up support programme. CMS Frankfurt regularly advises start-ups and investors on fundraising, among others in the context of the equIP start-up support programme

Kassel-based STRAFFR GmbH offers a fitness app which is complemented by elastic resistance bands. The resistance bands have an integrated sensor that can be connected to the STRAFFR app, thereby opening up many new training options for the user.

CMS Germany

Dr Joachim Dietrich, Partner
Dr Florian Plagemann, Counsel (Co-Lead), both Corporate/M&A

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