Munich, 17.10.2024 – The Belgian investment company Korys has participated as lead investor in the Series B financing round of the German innovation start-up OroraTech. Korys is the lead investor in the round alongside existing investor Bayern Kapital, with the Wachstumsfonds Bayern 2 of the Free State of Bavaria, and the European Circular Bioeconomy Fund (ECBF).
The German innovation start-up OroraTech focuses on satellite-based thermal sensors. In the future, nanosatellites will measure and record temperatures on the earth's surface from space. The technology will be used to fight forest fires quickly and efficiently.
A CMS team led by Stefan-Ulrich Müller provided comprehensive legal advice to Korys on the financing round.
Korys is the investment company of the Colruyt family and creates sustainable value in three ecosystems: conscious consumption, healthy living and energy transition. Korys does this in partnership with entrepreneurs and companies that share its commitment to value-based entrepreneurship and sustainability. Over the past two decades, Korys has built a sustainable investment portfolio of more than € 4 billion.
CMS Germany
Stefan-Ulrich Müller, Partner
Sebastian Hummel, Senior Associate
Marielouise Emmer, Senior Associate, all Corporate/Venture Capital
Stefan Lüft, Partner, Intellectual Property
Dr. Markus Kaulartz, Partner
Katharina Hirzle, Senior Associate, both TMC
Stefan Lehr, Partner, Antitrust, Competition & Trade
Dr. Christoph Ceelen, Principal Counsel, Labor, Employment & Pensions
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