The European venture capital firm Creandum has participated as lead investor in a financing round of the software manufacturer TWAICE Technologies GmbH with over 11 million Euros. The international law firm Taylor Wessing provided Creandum with legal advice in the financing round, led by Frankfurt partner Hassan Sohbi. The existing investors Cherry Ventures, UVC Partners and Speedinvest also participated in the financing round.
TWAICE develops software and services for battery analysis. Since its incorporation in 2018 by Michael Baumann and Stephan Rohr, the Munich-based company has developed a portfolio of market-leading products in the field of predictive battery analysis with its in-house software solutions.
Creandum is a leading European venture capital firm, supporting some of the most successful European technology companies such as Spotify, iZettle, Depop, Klarna, KRY, Epidemic Sound and Small Giant Games. The Creandum funds are based in Guernsey, and are advised by advisory entities in Stockholm, Berlin, and San Francisco.
Legal advisers to Creandum:
Taylor Wessing: Lead Partner Hassan Sohbi (Partner, M&A/Corporate), David Becker (Senior Associate, M&A/Corporate); Brigitte Su-Lin Sommer (Associate, Capital Markets); Dr. Nikolai Voss (Senior Associate, Trademarks, Advertising & Design); Friedrich Lieb (Associate, Technology, Media & Telecommunications); Philipp Sauer (Associate, Technology, Media & Telecommunications); Christoph Breuer (Associate, Technology, Media & Telecommunications); Dr. Sara Thienhaus (Associate, Employment, Pensions & Mobility), all Frankfurt