Orrick advised Berlin-based biotech and Internet-of-Things (IoT) startup Green City Solutions GmbH in the successful completion of its first round financing with LITTLEROCK GmbH (Düsseldorf), Coparion GmbH & Co. KG (Köln, Berlin) as well as DON Ventures II GmbH & Co. KG (WOLFMAN.ONE GmbH / Prof. Nietzer, Dr. Doll Holding GmbH, Heilbronn) and an additional smart money investor.
Polluted air, breathed by 90% of city inhabitants each day, causes one in every seven deaths worldwide and more than $5 trillion in economic damage annually. Green City Solutions’ unique and patented product aims to solve this global problem by providing clean and cool air in urban environments. The concept combines cutting-edge IoT technology with specific moss cultures and plants that eat particulate matter and nitrogen dioxide – offsetting 240 tons of CO2 equivalents per year in total. The so-called “CityTree” has the same environmental impact as 275 urban trees but requires only 3m² in space.
Orrick M&A and private equity partner Sven Greulich (Picture), who led the Orrick team.
In addition to Sven, the Düsseldorf-based Orrick team included Nikita Tkatchenko and Johannes Rüberg (Technology Companies Group), André Zimmermannand Louisa Kallhoff (Employment), and Stefan Schultes-Schnitzlein (Tax).
Law Firms: Orrick;
Clients: Green City Solutions;