Posted on:Weil in the News
Weil advised California-based growth equity firm TCV on the Series-D financing round of Mambu GmbH (Mambu). This $135 million funding round was headed by TCV as lead investor with additional investments being made by Tiger Global and Arena Holdings, as well as existing investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners. The new capital brings Mambu’s valuation to $2 billion, making it one of only a small number of unicorn startups in Germany.
Mambu develops SaaS solutions and services for core banking systems. Its platform is used by traditional banks, fintech startups, financial institutions, nonprofits and other businesses to power their financial products and services. The fresh money will be used to further facilitate international expansion.
The Weil team was led by Frankfurt Corporate partner Christian Tappeiner and included counsel Konrad von Buchwaldt, Julian Schwanebeck (both Corporate, Frankfurt) and Konstantin Hoppe (IP, Munich) as well as associates Sebastian Brenner, Sara Afschar-Hamdi, Mario Kuhn (all Corporate, Frankfurt), Mareike Pfeiffer, Lilianna Ranody (both Employment, Frankfurt), Khatera Zuschlag (Commercial/Regulatory, Frankfurt), Alisa Preissler (Tax, Frankfurt), Bao-Ngoc Nguyen and Soeren Hansen (both IP, Munich).