Verimi’s Financing Round

GÖRG Partnerschaft von Rechtsanwälten mbB has advised Verimi GmbH on the deal.

Verimi GmbH announced another financing round. Lead investors are a group of German insurance companies, which participate under the umbrella of GDV Dienstleistungs-GmbH (GDV DL), and Volkswagen Financial Services. 

Verimi is a joint venture of several leading German companies that have developed a wallet for verified digital identity data with high security standards and modern data protection regulations. To date, 13 well-known com-panies (including Allianz, Bundesdruckerei, Daimler, Deutsche Bahn, Deutsche Bank, Deutsche Lufthansa, Deutsche Telekom, Samsung, Volkswagen and the media group Axel Springer) have joined Verimi as share-holders. With GMB Systems, a 14th shareholder has now joined the company, which bundles the interests of the participating insurers. In the course of the current financing round, other shareholders have increased their in-vestment in addition to the lead investors.

Verimi GmbH, headquartered in Berlin, has received new funds in the double-digit million euro range, bringing the total funding to over 100 million euros. 

The GÖRG team included Dr. Lars Weber, M.C.L., Partner, Corporate/M&A; Dr. Matthias Menke, Partner, Corporate/M&A (both Frankfurt).

The Inhouse team at Verimiwas led by Sarah Vanessa Schneider, Head of Legal & Compliance.

The intern team at GDV Dienstleistungs-GmbH was led by Jörg Uzarek, General Counsel – Legal & Compliance.

Involved fees earner: Matthias Menke – GÖRG Partners; Lars Weber – GÖRG Partners;

Law Firms: GÖRG Partners;

Clients: GDV Dienstleistungs-GmbH; Verimi GmbH;

Author: Federica Tiefenthaler