peaq Technology GmbH’s €2.5 Million Funding Round

Gütt Olk Feldhaus advised Scherzer & Co. AG on the deal.

Berlin-based blockchain startup peaq has successfully raised €2.5 million in a round led by Scherzer & Co. AG, Werner Geissler (former Vice-Chairman of Procter & Gamble), as well as Meteoric VC.

peaq Technology GmbH is a Berlin-based company for the development of blockchain infrastructure and solutions. Peaq is a portfolio company of Advanced Blockchain AG, which is listed on the primary market in Düsseldorf. The current investment round is part of a larger financing project taking place under the peaq brand – consisting of peaq enterprise and peaq network.

Scherzer & Co. AG is an investment company based in Cologne, Germany, which focuses on long-term asset accumulation through both security- and opportunity-oriented investments.

The GOF team included Dr Kilian Helmreich (Bild – Partner, Corporate/M&A), Thomas Becker (Of Counsel, IP/IT), Dr Ricarda Theis (Associate, Corporate/M&A).

Involved fees earner: Thomas Becker – Gutt Olk Feldhaus; Kilian Helmreich – Gutt Olk Feldhaus; Ricarda Theis – Gutt Olk Feldhaus;

Law Firms: Gutt Olk Feldhaus;

Clients: Scherzer & Co. AG;

Author: Federica Tiefenthaler

peaq Technology GmbH’s €2.5 Million Funding Round

Gütt Olk Feldhaus advised Scherzer & Co. AG on the deal.

Berlin-based blockchain startup peaq has successfully raised €2.5 million in a round led by Scherzer & Co. AG, Werner Geissler (former Vice-Chairman of Procter & Gamble), as well as Meteoric VC.

peaq Technology GmbH is a Berlin-based company for the development of blockchain infrastructure and solutions. Peaq is a portfolio company of Advanced Blockchain AG, which is listed on the primary market in Düsseldorf. The current investment round is part of a larger financing project taking place under the peaq brand – consisting of peaq enterprise and peaq network.

Scherzer & Co. AG is an investment company based in Cologne, Germany, which focuses on long-term asset accumulation through both security- and opportunity-oriented investments.

The GOF team included Dr Kilian Helmreich (Bild – Partner, Corporate/M&A), Thomas Becker (Of Counsel, IP/IT), Dr Ricarda Theis (Associate, Corporate/M&A).

Involved fees earner: Thomas Becker – Gutt Olk Feldhaus; Kilian Helmreich – Gutt Olk Feldhaus; Ricarda Theis – Gutt Olk Feldhaus;

Law Firms: Gutt Olk Feldhaus;

Clients: Scherzer & Co. AG;

Author: Federica Tiefenthaler