Contacts
Norman Röchert

Dr. Norman Röchert, LL.M. (Cape Town)

Partner

Read More
Jens Wiesner

Dr. Jens Wiesner, LL.M. (Chicago)

Partner

Read More
Contacts
Norman Röchert

Dr. Norman Röchert, LL.M. (Cape Town)

Partner

Read More
Jens Wiesner

Dr. Jens Wiesner, LL.M. (Chicago)

Partner

Read More

11 March 2021

Taylor Wessing advises start-up COSI on financing round

Cosi Hospitality GmbH, a provider of short-term rentals using smart technology and driver of the new asset class Commercial Living, has raised €20 million in a financing round. New investor Soravia, a Vienna-based real estate group, headed the round with existing investors Cherry Ventures, e.ventures, Kreos Capital and Bremke also participating, as well as a number of individual investors. International law firm Taylor Wessing, led by Berlin-based partner Norman Röchert, advised the start-up on all legal issues related to the financing round.

COSI closes long-term rental agreements with property owners and sets up flats in their houses according to its own standards. A self-developed, fully digitized booking system and a largely automated range of services are designed to ensure high and scalable service quality with a significant reduction in fixed costs. The focus is – in addition to short-term guests on "mid-stays": guests with a length of stay of ten days or longer.

The Berlin-based company was founded in 2019 and rents out its flats, currently 750 units, at twelve locations in Germany and Europe. Another approximately 1500 units are under negotiation. The new funds will be used to further expand growth in Germany and other European countries.

Call To Action Arrow Image

Latest insights in your inbox

Subscribe to newsletters on topics relevant to you.

Subscribe
Subscribe

Related Insights

Working business night
Venture capital

Taylor Wessing advises General Catalyst on Series B financing round in Localyze

13 September 2022

by multiple authors

Click here to find out more
Modern glass skyscraper
Venture capital

Taylor Wessing advises Ontario Teachers' Pension Plan Board on €250 million expansion of Trade Republic's Series C funding round

21 June 2022

by multiple authors

Click here to find out more
Data centre server room
Venture capital

Taylor Wessing advises OMERS Ventures on Series A financing round in Next Matter

17 June 2022

by multiple authors

Click here to find out more