MODIFI’s €20 Million Series B Financing Round

DLA Piper advised Heliad Equity Partners on the transaction.

MODIFI finalized its EUR20 million Series B financing round. Heliad Equity Partners is investing a single-digit million amount as part of the financing round. Other investors who participated significantly in the round include Neva, the venture capital arm of Italy’s banking group Intesa San Paolo, and existing investors including Global Founders Capital, Maersk Growth and Picus Capital.

MODIFI is a digital trade finance platform for small and medium-sized enterprises (SMEs) that spans the three major trade regions of Europe, Asia and North America – a cluster that comprises approximately 80 percent of global imports and exports. The platform offers SMEs simple, digital solutions to finance their trades, protect them from default risk, and easily track and manage their shipments. The new funding round will enable extensive enhancements to the platform, creating a global trade management hub.

Heliad Equity Partners is a German listed investment company with a mission to empower both entrepreneurs and investors. The company invests in market leading companies across various verticals and regions to power their next phase of growth. 

The DLA Piper team was led by partner Simon Vogel (Picture; Corporate/Venture Capital, Munich) and included partners Dr Wolfram Distler, Dennis Kunschke (both Finance, Frankfurt), Verena Grentzenberg (Data Protection), Dr Henriette Norda (Employment, both Hamburg), Dr Thilo von Bodungen (Commercial, Munich) and senior associates Elena Bachmann (Finance, Frankfurt), Katharina Pauls (IPT) and Friederike Rickers (Corporate/M&A, both Hamburg). From DLA Piper’s Amsterdam office partners Hélène Bogaard (Employment), Pieter Paul Terpstra (Corporate/M&A), Richard van Schaik (Data Protection) and senior associate Diederik Schuurmans (Corporate/M&A) were also involved.

Involved fees earner: Elena Bachmann – DLA Piper; Hélène Bogaard – DLA Piper; Wolfram Distler – DLA Piper; Verena Grentzenberg – DLA Piper; Dennis Kunschke – DLA Piper; Henriette Norda – DLA Piper; Katharina Pauls – DLA Piper; Friederike Rickers – DLA Piper; Diederik Schuurmans – DLA Piper; Pieter-Paul Terpstra – DLA Piper; Richard van Schaik – DLA Piper; Simon Vogel – DLA Piper; Thilo von Bodungen – DLA Piper;

Law Firms: DLA Piper;

Clients: Heliad Equity Partners;