Noerr advises payleven in funding round

Noerr provided comprehensive advice to payleven Holding during its Series D funding round involving $10m. As part of the transaction, the venture capital fund Seventure Partners is also acquiring a stake in the company as another investor.

The fresh growth capital will be invested by the company, which specialises in mobile card payments, in expanding its product portfolio and acquiring more customers. Overall, the investors – a consortium including Holtzbrinck Ventures, ru-Net, B Cinque, New Enterprise Associates and MePay in addition to Seventure Partners – have already provided payleven with €51m in growth capital.

With its Private Equity & Venture Capital Group, Noerr is among the leading law firms in the field of growth capital/venture capital, and regularly advises on major investments, buy-outs and funding rounds. Its clients include both growth companies and market leaders, such as Zalando, foodpanda, Rocket Internet and Global Fashion Group, as well as investors such as Oakley Capital, Deutsche Telekom/T-Ventures and Scottish Equity Partners.

Advisors to payleven Holding: Noerr LLP

Felix Blobel, LL.M. (lead, Private Equity & Venture Capital, Berlin), Isabel Giancristofano (Corporate/M&A, London)

Associates: Robert Korndörfer (Corporate/M&A, London), Veronika Bartram (Berlin), Sebastian Albert Diehl (London), Ethel Nanaeva (Berlin, all Private Equity & Venture Capital)