RightNow’s €8.5 Million Series A Financing Round

BMH BRÄUTIGAM advised VR Ventures and Schwarzwälder Bote on the deal. Goodwin Procter LLP advised RightNow GmbH on the deal.

The start-up Right Now announced a new round of financing for €8.5 million. Investors include venture capitalist VR Ventures and the asset management arm of Schwarzwälder Boten.

Founded in 2017 by Dr. Torben Antretter, Phillip Eischet and Dr. Benedikt Quarch, RightNow buys legal claims from consumers arising from everyday life situations. In the process, customers receive a significant portion of their reimbursement claim within a remarkably short time – RightNow handles the highly automated collection of claims in court at her own risk.

The fresh capital will be used by the founding trio, most recently featured in Forbes Magazine’s “30 Under 30” list, to fund further growth, expand existing products and enter new markets. With over 350,000 customers who have to date used RightNow to enforce their legal claims, the company is on track to build the leading platform for the purchasing of consumer claims.

The BMH BRÄUTIGAM team included Dr. Patrick Auerbach (Picture), Edzard Rothen and Bastian Reinschmidt.

The Goodwin team was led by Gregor Klenk, Heiko Penndorf and Joana Pamukova.

Involved fees earner: Patrick Auerbach – BMH Bräutigam; Bastian Reinschmidt – BMH Bräutigam; Edzard Rothen – BMH Bräutigam; Gregor Klenk – Goodwin Procter; Joana Pamukova – Goodwin Procter; Heiko Penndorf – Goodwin Procter;

Law Firms: BMH Bräutigam; Goodwin Procter;

Clients: RightNow GmbH; Schwarzwälder Bote ; VR Ventures;