Brandl & Talos Advises Insight Partners and e.ventures on 30 Million Euro Series A Investment in PlanRadar
PlanRadar, a Viennese PropTech start-up, has raised approx. 30 million Euros for international expansion in a Series A financing round of high significance for the Austrian market. Lead investors were the top VC funds Insight Partners and e.ventures.
PlanRadar has set itself the goal of digitizing the construction and real estate industry and already has an enviable customer base of household names such as Siemens, Bosch, Rewe, and Allianz Real Estate. PlanRadar’s brings solutions for the timely and budget-compliant realization of the clients’ construction projects. The fresh capital from the current 30-million Series A financing round, one of the largest in the Austria so far, will be used for the PlanRadar’s international expansion.
In addition to the lead investors Insight Partners and e.ventures, the existing investors also participated in the financing round. Insight Partners and e.ventures relied on the expertise of Brandl & Talos for transactional support in Austria, in addition to their core advisors Willkie Farr & Gallagher LLP (USA, led by Matthew Haddad and Stephanie Moran) and Schnittker Möllmann Partners (Germany, led by Stephan Bank and Tim Schlösser). The transaction team was led by Roman Rericha and Markus Arzt and supported by Sabine Konrad and Matea Plavotic.
“We are very pleased to be part of this financing round, which is very important for the Austrian market, alongside such renowned investors as Insight Partners and e.ventures. For PlanRadar and the entire Austrian VC and start-up scene, this transaction is a strong sign of trust and growth. We are convinced that we will hear a lot of positive things from PlanRadar in the near future and wish them every success in their upcoming international expansion. The fact that top international VC funds have also come to rely on our expertise shows our continued good standing in the market and underlines the success of our VC practice!”, comments Roman Rericha of Brandl & Talos.
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Photos: Roman Rericha & Markus Arzt