FinLab EOS VC takes stake in Uplandme California
Frankfurt am Main — DLA Piper advised FinLab EOS VC Europe I GmbH & Co. KG on an investment in a financing round in Uplandme, Inc. advise Uplandme, a Silicon Valley-based gaming studio, will use the funding provided in the financing round to develop and launch Upland, a digital property trading game that blurs the lines between the real and virtual worlds.
Founded in 2018, Uplandme, Inc. uses EOSIO blockchain technology to create gaming experiences at the intersection of the real and virtual worlds. Upland allows players to buy, sell and trade real estate located on real addresses. A game currency called UPX forms the economic basis of Upland. Players will be able to complete their real estate portfolio, use location-based features and trade their properties in a virtual marketplace.
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 $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.
Advisors to FinLab AG: DLA Piper
The DLA Piper team led by partner Simon Vogel also included senior associate Michael Rebholz (both Corporate/Private Equity, Munich). Partner Mark F. Radcliffe and associates Kyle de Neve and Syeda Nawroj (all Corporate/M&A, Silicon Valley) were also involved in the advisory.