
VC firms invest €25m in Geld-für-Flug
A consortium of VC firms has taken part in a €25m funding round for Düsseldorf-based legal technology company Geld-für-Flug.
Hannover-based Seed + Speed Ventures has participated in the financing alongside Luxembourg-based EPI and an unnamed Swiss private equity firm.
The fresh capital will be used to expand the company, which is considering both new geographies and new areas of law, according to press reports.
Company
Founded in May 2017 by Phillip Eischet and Benedikt Quarch, Geld-für-Flug is a legal technology company that assists customers with cancelling flights and claiming compensation. The company uses an automated questionnaire and application process to cut down on the legal work required.
People
Geld-für-Flug – Phillip Eischet, Benedikt Quarch (co-founders).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater