YPOG advises La Famiglia on € 250+ million closing of two funds

Berlin — VC La Fami­glia closed its Growth Fund in Decem­ber and its Seed Fund III at the end of Febru­ary with a volume of over € 250 million. The legal advice was provi­ded by YPOG.
La Fami­glia announ­ced it has raised more than €250 million for its third seed fund and its first growth fund. The funds are backed by renow­ned entre­pre­neurs and leading indus­tria­lists to invest in the next gene­ra­tion of forward-looking compa­nies. Inves­tors in the two funds also include renow­ned natio­nal and inter­na­tio­nal insti­tu­tio­nal inves­tors, parti­cu­larly from the USA. The VC has thus raised a total of more than €350 million since 2017.

La Fami­glia closed its first seed fund of €35 million in 2017, follo­wed by a second seed fund of €60 million in 2019. Now La Fami­glia is incre­asing its third seed fund to €165 million, with the goal of doubling invest­ments in emer­ging B2B giants in Europe and the US. In paral­lel, the VC laun­ches a growth fund with € 90 million.
As part of its third seed fund, La Fami­glia aims to make initial invest­ments of up to €5 million in start­ups deve­lo­ping inno­va­tive tech­no­lo­gies and scalable busi­ness models for various indus­tries. The Growth Fund focu­ses on co-inves­t­­ments in Series B and above companies.

In parti­cu­lar, YPOG advi­sed La Fami­glia on the struc­tu­ring of the third seed fund and the growth fund to obtain the regis­tra­tion as EuVECA mana­ger and to imple­ment the increased flexi­bi­lity for two paral­lel blind pool funds. For advice on U.S. regu­la­tory issues, La Fami­glia and YPOG are again rely­ing on the assis­tance of Kimber­ley J. Kaplan-Gross and Shaun C. Barnes of Choate, Hall & Stewart LLP.

About La Famigila

La Fami­glia is a venture capi­ta­list that provi­des early and growth stage support to strong tech­no­logy start­ups that reinvent estab­lished indus­tries. The team invests in areas such as logi­stics and supply chain, infra­struc­ture and data, retail and commerce, fintech and insur­tech, or Indus­try 4.0. In doing so, it pursues a hori­zon­tal focus on the future of work as well as sustaina­bi­lity. Examp­les of promi­nent seed invest­ments include Deca­corn Deel, unicorns Perso­nio and Forto, and more recently tech­no­logy plat­forms such as Y42, Sweep and Buynomics.

Consul­tant La Fami­glia: YPOG
Dr. Fabian Euhus (Fund), Part­ner Anto­nia von Treu­en­feld (Fund), Associate

About YPOG
YPOG is a specia­list tax and commer­cial law firm, opera­ting in the core areas of corpo­rate, funds, liti­ga­tion, tax, tran­sac­tions, IP/IT and nota­rial services. The YPOG team advi­ses a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. Since its foun­da­tion in 2017, the firm has become one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners are natio­nally and inter­na­tio­nally ranked by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. Today, YPOG employs more than 70 expe­ri­en­ced lawy­ers, tax advi­sors, tax specia­lists and a notary in three offices in Berlin, Hamburg and Colo­gne. http://www.ypog.law