Oppenhoff advises EIC Fund on USD 62 million Series A from Reverion

Colo­gne — Oppen­hoff has once again compre­hen­si­vely advi­sed the EIC Fund on its German investments.
This time, the EIC Fund inves­ted in the Munich-based start-up Reverion GmbH toge­ther with the US lead inves­tor Energy Impact Part­ners (EIP) and Honda Motor, among others.
The exis­ting inves­tors Extan­tia Capi­tal, UVC Part­ners, Green Gene­ra­tion Fund, Doral Energy-Tech Ventures and Possi­ble Ventures were also invol­ved in the finan­cing round.
The invest­ment was made as an equity invest­ment as part of a Series A finan­cing round under the “Hori­zon Europe Program”.
The over­sub­scri­bed finan­cing round had a total volume of around 62 million US dollars.
Reverion is a spin-off of the Tech­ni­cal Univer­sity of Munich.
The Clima­te­Tech company builds rever­si­ble, CO2-nega­­tive power plants using an inno­va­tive high-tempe­ra­­ture fuel cell system.
It thus reali­zes carbon-nega­­tive and emis­­sion-redu­cing energy gene­ra­tion. The EIC Fund is the special fund of the Euro­pean Inno­va­tion Coun­cil and thus the central invest­ment vehicle of the Euro­pean Commis­sion. It serves to imple­ment the Euro­pean Commission’s EIC Acce­le­ra­tor program, which supports inno­va­tive and sustainable Euro­pean growth compa­nies. The EIC Fund is advi­sed by the Euro­pean Invest­ment Bank. The EIC (Euro­pean Inno­va­tion Coun­cil) was foun­ded in the context of the pilot project “Hori­zon 2020 — the Frame­work Programme for Rese­arch and Inno­va­tion” and was successfully contin­ued in 2021 with the launch of the “Hori­zon Europe Programme”. With a dura­tion from 2021 to 2027 and a total budget of up to €95.5 billion, it is one of the largest funding programs for rese­arch and inno­va­tion world­wide. In 2023, the EIC Fund supported over 100 invest­ment rounds in deep tech compa­nies and secu­red co-inves­t­­ments from 280 other inves­tors worth EUR 1.2 billion.
Oppen­hoff has regu­larly advi­sed the EIC Fund on its invest­ments in German start-ups since 2021. Advi­sor EIC Fund: Oppen­hoff & Part­ner lead Dr. Caro­lin Roßko­then (Corpo­rate / M&A); Dr. Maike Mestmä­cker (Corpo­rate), Dr. Patric Mau (IP), Marvin Roch­ner (Real Estate) and Dr. Cars­ten Bormann (Regu­la­tory).
Oppen­hoff regu­larly advi­ses compa­nies in the field of venture capi­tal, most recently for exam­ple the EIC Fund on the 53 million Euro Series B finan­cing round of Infi­nite Roots or on the invest­ment in the tech start-up STABL Energy as well as SellerX on the acqui­si­tion of KW-Commerce and Beyond­Build on the stra­te­gic merger of spaceOS and Equiem Holdings. About Oppen­hoff & Part­ner The full-service law firm Oppen­hoff deve­lops indus­­try-speci­­fic solu­ti­ons for natio­nal and inter­na­tio­nal corpo­ra­ti­ons, large owner-mana­­ged compa­nies, insti­tu­ti­ons, stra­te­gic inves­tors and finan­cial investors.
More than 100 lawy­ers advise clients throug­hout Germany in all important areas of commer­cial and tax law. Oppen­hoff & Part­ner Rechts­an­wälte Steu­er­be­ra­ter mbB (“Oppen­hoff”) is a part­ner­ship company regis­tered in the part­ner­ship regis­ter of the Essen Local Court with the regis­tra­tion number PR 1850 and its regis­tered office in Cologne.