![Photo: Dr. Frederik Gärtner (Lead, Transactions), Partner at YPOG, Berlin](https://cdn.fyb.de/wp-content/uploads/2024/06/frederik-gartner-ypog-1181x800-1-400x400.jpg)
Project A Ventures leads €254 million financing round of Black Semiconductor
Berlin — Project A Ventures has led the €254.4 million financing round of Aachen-based DeepTech start-up Black Semiconductor as lead investor. Porsche Ventures acted as co-lead investor, other new investors are Scania Growth, Capnamic, Tech Vision Fonds and NRW.BANK. Existing investors such as Vsquared Ventures, Cambium Capital and Onsight Ventures are also participating in the Series A financing round. Project A Ventures was already a co-lead investor in the seed financing round. YPOG provided comprehensive legal advice to Project A Ventures.
In addition to the €25.7 million in equity financing from venture capital investors, the semiconductor start-up receives €228.7 million in funding from the Federal Ministry of Economics and the state of North Rhine-Westphalia. The public funding is spread over seven years as part of the EU IPCEI ME/CT program.
Overall, this is one of the largest financings for a deep tech chip company in Europe.
Founded in 2020 by Dr. Daniel Schall and Sebastian Schall, the company uses graphene to improve the performance and efficiency of chips. Graphene is an innovative material that accelerates data communication between chips and increases energy efficiency. This technology thus enables transformative applications in various areas such as artificial intelligence, data centers and autonomous driving.
The start-up intends to use the new capital to expand its production capacities and drive forward the development of a new generation of graphene-based chips.
Advisors: YPOG has already advised Project A Ventures on the seed financing round.
Dr. Frederik Gärtner (Lead, Transactions), Partner, Berlin
Dr. Ferdinand Cadmus (Transactions), Associated Partner, Berlin
Roman Schäle (Transactions), Senior Associate, Berlin.
About Project A Ventures
Project A is one of the leading early-stage tech investors in Europe with offices in Berlin and London. In addition to $1 billion in assets under management, Project A supports its portfolio companies with a platform team of over 140 professionals in key areas such as software and product development, business intelligence, brand, design, marketing, sales and recruiting. The venture capital company was founded in 2012 and has supported more than 100 start-ups to date. The portfolio includes companies such as Trade Republic, WorldRemit, sennder, KRY, Spryker, Catawiki, Unmind and Voi. https://www.project‑a.com
About YPOG
YPOG is a law firm specializing in tax and commercial law, active in the core areas of funds, tax, banking + finance and transactions. 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. YPOG is one of the leading addresses for venture capital, private equity and fund structuring in Germany. Today, YPOG employs more than 120 experienced lawyers, tax consultants, tax specialists and a notary in three offices in Berlin, Hamburg and Cologne. — http://www.ypog.law