Oppenhoff advises EIC Fund on USD 15.3 million Series A from MindPeak

Hamburg — EIC Fund is inves­t­ing in the start-up Mind­Peak GmbH toge­ther with German lead inves­tor ZEISS Ventures, Hamburg-based Inno­Ven­tu­re­Fund, APEX Ventures and AI.Fund, among others.
The invest­ment was made as an equity invest­ment as part of a Series A finan­cing round under the “Hori­zon Europe Program”.
The finan­cing round had a total volume of 15.3 million US dollars.
EIC was compre­hen­si­vely advi­sed by Oppen­hoff on this tran­sac­tion. Mind­Peak, based in Hamburg, deve­lops auto­ma­tion tools for image diagno­sis using state-of-the-art arti­fi­cial intel­li­gence and deep learning.
The tools are based on AI algo­rithms and support cancer experts in making relia­ble diagno­ses. 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: Oppen­hoff & Part­ner lead Dr. Caro­lin Roßko­then and Myriam Baars-Schil­­ling, photo (both Corpo­rate / M&A),Dr.
Martin Bial­luch (Corpo­rate) and Dr. Fee Mäder (IP).
Oppen­hoff regu­larly advi­ses compa­nies in the venture capi­tal sector, most recently advi­sing the EIC Fund on a USD 62 million Series A finan­cing round of Reverion, on the EUR 53 million Series B finan­cing round of Infi­nite Roots and SellerX on the acqui­si­tion of KW-Commerce. 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. A list of the part­ners autho­ri­zed to repre­sent the company is available at https://www.oppenhoff.eu/de/allgemeine-seiten/impressum.html.