Oppenhoff has once again advised the EIC Fund extensively on its investments in Germany. This time, the EIC Fund has invested in the tech start-up STABL Energy GmbH. The investment was made as an equity investment as part of a Series A financing round under the "Horizon Europe Programme".
The EIC Fund is the special fund of the European Innovation Council and thus the central investment vehicle of the European Commission. It is used to implement the European Commission's EIC Accelerator Programme, which supports innovative and sustainable European growth companies. The EIC (European Innovation Council) was established as part of the pilot project "Horizon 2020 - the Framework Programme for Research and Innovation" and 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 euros, it is one of the largest funding programmes for research and innovation worldwide. In 2022, the EIC Fund was the largest European deeptech VC fund with 71 investments. Oppenhoff has been advising the EIC Fund on its investments in Germany since 2021.
STABL Energy GmbH develops energy storage systems from discarded vehicle batteries. Its aim is to increase the use of renewable energies with the help of energy storage systems and at the same time to extend the life cycle of car batteries. The financing round has a total volume of up to 15 million euros.
The Oppenhoff team, led by Dr. Peter Etzbach, included Dr. Jonas Weise (both Corporate/M&A), Georg Lecheler, Dr. Patric Mau (both IP), Dr. Johannes Kaesbach (Employment); Christian Saßenbach and Dr. Axel Grätz (both IT&C).
Oppenhoff regularly advises companies in the venture capital environment, most recently, for example, the EIC Fund on its investment in the biotech start-up CO2BioClean, on its investment in tech start-up enote, on its investment in tech start-up Nyris as well as on numerous other investments in German start-ups, SellerX on its acquisition of KW-Commerce, BeyondBuild on its strategic merger of spaceOS and Equiem Holdings.