DLA Piper has advised Mobile Ventures GmbH on the Series A round financing for PipesBox GmbH. This is the second round of financing for PipesBox after bridge financing had been successfully supported by DLA Piper at the end of 2014. Technologiefonds MV GmbH acted as a co-investor.

Mobile Ventures GmbH is the corporate venture capital company of Drillisch AG and invests in start-ups as well as high-growth companies and, in addition to financing, provides access to markets and know-how in the fields of mobile, internet and online marketing.
 
PipesBox is developing a platform for smart homes and the “Internet of things” for end users. It implements applications from the fields of safety, comfort, energy and lifestyle. Their application-oriented approach focuses on users and their wishes through a market concept.
 
Technologiefonds MV GmbH is the venture capital fund belonging to the state of Mecklenburg-Western Pomerania.

The DLA Piper team led by partner Florian Hirschmann included senior associate Silvio McMiken (both Corporate, Munich) and associate Wiebke Jakob (IPT, Munich).

The transaction was managed on the Mobile Ventures side by Juliane Hahn.