FinLab EOS VC acquires stake in Sparrow

Frank­furt a. Main — DLA Piper advi­sed FinLab EOS VC Europe I GmbH & Co KG on an invest­ment in Singa­­pore-based opti­ons trading plat­form Spar­row. The invest­ment was part of a Series A finan­cing round of $3.5 million. It will be used for further deve­lo­p­ment of the plat­form. HDR Group, Signum Capi­tal and Du Capi­talalso parti­ci­pa­ted in Spar­row as part of the finan­cing round.

Spar­row is the leading opti­ons trading plat­form and provi­des an easy way to control risk and mone­tize digi­tal assets. The company offers BTC and ETH opti­ons sett­led through smart contracts. Sparrow’s proprie­tary plat­form is acces­si­ble through a simpli­fied inter­face, an enhan­ced order book, and trading APIs.

FinLab EOS VC Europe I GmbH & Co KG is a venture capi­tal fund mana­ged by FinLab AG that invests exclu­si­vely in projects based on the open source block­chain soft­ware EOSIO. The fund focu­ses on seed and early-stage start­ups seeking equity invest­ment. The USD 100 million fund was laun­ched by FinLab AG, one of the first and largest company buil­ders and inves­tors focu­sed on the finan­cial services tech­no­lo­gies sector in Europe, toge­ther with Block.one.

The DLA Piper team led by part­ner Simon Vogel contin­ued to include senior asso­ciate Michael Rebholz (both Private Equity/Venture Capi­tal, Munich). In Singa­pore, Part­ner David Kuo, Of Coun­sel Kathe­rine Chew and Asso­ciate Ying Chern Tan (all Corpo­rate) advised.