MAYD’s €13 Million Seed Financing Round

BMH BRÄUTIGAM has advised Earlybird Venture Capital.

Earlybird Venture Capital was the lead investor in €13 million seed financing round of Berlin-based startup MAYD.

In addition to Earlybird, 468 Capital and Target Global are also investing in the Berlin-based company founded by Hanno Heintzenberg and Lukas Pieczonka (McMakler founders), which is launching as the first European instant delivery platform for medicines.

The company offers its Berlin users a 30-minute delivery service for initially over-the-counter pharmacy products via the MAYD app, entering the market just ahead of the upcoming launch of the e-prescription in January 2022. After the roll-out in Berlin, other German cities and the development of the European market are to follow. The service is also to be expanded to include the ordering of prescription products. When an order is placed between 8 a.m. and midnight, MAYD delivers the desired products to the doorstep within 30 minutes, 7 days a week, via a fleet of messengers linked to the pharmacies. Without additional delivery costs and regardless of the order value.

The BMH BRÄUTIGAM team included Bastian Reinschmidt (Picture), Daniel Schlichting, Dr. Sebastian Krieg, Jonas Kiehne (Venture Capital).                                                                                                                                                                                                                                                                                                                   

Involved fees earner: Jonas Kiehne – BMH Bräutigam; Sebastian Krieg – BMH Bräutigam; Bastian Reinschmidt – BMH Bräutigam; Daniel Schlichting – BMH Bräutigam;

Law Firms: BMH Bräutigam;

Clients: Earlybird Venture Capital GmbH & Co. KG ;

Author: Federica Tiefenthaler