DLA Piper has advised Mobile Ventures GmbH on a bridge financing arrangement for PipesBox UG (limited liability). This financing deal is intended to serve as bridge or interim funding for PipesBox up to the time of the “A” financing round scheduled for the first half of 2015.

Mobile Ventures GmbH is the corporate venture capital arm of Drillisch AG and invests in startups as well as fast-growing enterprises; in addition to financing services, it provides access to markets and expertise 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. Applications from such fields as security, comfort, energy and lifestyle are implemented. This application-oriented approach places the primary focus on users and their individual needs by means of a market concept.

The DLA Piper team included partner Florian Hirschmann and associate Silvio McMiken (both Corporate, Munich).