PPLAW advises identity VC on Europe’s first LGBTQ+ VC fund

Berlin — identity.vc has laun­ched the first Euro­pean LGBTQ+ venture capi­tal fund with a target volume of EUR 50 million.
The inves­tor team includes Til Klein, former BCG part­ner and FinTech foun­der, Jochen Beut­gen, family office inves­tor with 20 years of expe­ri­ence in venture capi­tal and Mari Luuk­kai­nen, marke­ting expert and former inves­tor at Icebreaker.vc.
Identity.vc invests prima­rily in LGBTQ+-led start-ups at foun­der or manage­ment level (C‑level) across all industries.
The focus is on young compa­nies, from the pre-seed to the Series A phase, prima­rily in Europe, but also beyond.
The social impact fund (Article 9 SFDR) has alre­ady made four invest­ments, inclu­ding in the Berlin start-up Front­now, which has deve­lo­ped an AI solu­tion for online retail­ers, and in the London start-up Omni, which offers vegan dog food. POELLATH advi­sed identity.vc on all contrac­tual, regu­la­tory and tax aspects of the fund struc­tu­ring and contrac­tual docu­men­ta­tion with the follo­wing Berlin team: Dr. Philip Schwarz van Berk (Photo, Part­ner, Lead, Private Funds) Katha­rina Hammer (Asso­ciate, Private Funds)