Simmons & Simmons has advised Dutch Rabo Frontier Ventures B.V. on an investment in the German Candis GmbH as part of a Series B financing round.
Other international and domestic investors also participated in this financing round, whereby Rabo Frontier Ventures was one of two lead investors.
Candis is a FinTech company focusing on the automatisation of accounting processes for small and medium-sized enterprises. The Candis software digitalises the entire invoice processing leading to material time savings for its customers’ accounting processes. Candis is based in Berlin, Germany and was incorporated in 2015. It has a remarkable customer base and already attracted investors from different countries. A few years ago, Candis received funding from the European fund for regional development for its research on the use of artificial intelligence in accounting.
Rabo Frontier Ventures is a €150m investment fund that launched in 2018. It’s a strategic investment venture fund that globally invests in new business models, often built on emerging (software) technologies in the FinTech and Food and Agri space. Since then, the fund has been investing in and supporting various startups, spin-offs and scale-ups. Rabo Frontier Ventures is part of the Rabobank Group, a multinational banking and financial services group headquartered in Utrecht, Nether-lands. Rabobank is a global leader in food and agriculture financing and sustainability-oriented banking.
The full Simmons team, which was led by Partner, Stephan Ulrich (Picture), and Counsel, Slaven Kovacevic, consisted of Karin Hribar (Counsel), Daniel Zhu (Associate), Sam Bertling (Associate, Corporate/M&A), Christopher Götz (Partner), Felix Hänel (Associate, ICT), Patrick Kominiak (Associate, Employment), Heiko Stoll (Partner) and Alexander auf dem Keller (Senior Legal Consultant, Tax).
Involved fees earner: Alexander auf dem Keller – Simmons & Simmons; Sam Bertling – Simmons & Simmons; Christopher Götz – Simmons & Simmons; Felix Hänel – Simmons & Simmons; Karin Hribar – Simmons & Simmons; Patrick Kominiak – Simmons & Simmons; Slaven Kovacevic – Simmons & Simmons; Heiko Stoll – Simmons & Simmons; Stephan Ulrich – Simmons & Simmons; Daniel Zhu – Simmons & Simmons;
Law Firms: Simmons & Simmons;
Clients: Rabo Frontier Ventures B.V.;