Mavoco Secures EUR 11 Million in Series A+ Round
Deal News | Feb 18, 2025 | CEE Legal Matters
Herbst Kinsky has successfully advised Mavoco, a company specializing in IoT connectivity management, on its EUR 11 million Series A+ financing round. The investment was led by 3TS Capital Partners along with red-stars.com and other investors. Cerha Hempel provided legal counsel to red-stars.com, while Dorda is said to have advised 3TS. The Austrian-based Mavoco intends to utilize this funding to advance its global expansion goals, enhance the delivery of its services, and strengthen its foothold in the IoT connectivity sector of the worldwide telecom market. The legal representatives for the transaction from Herbst Kinsky were Partner Philipp Kinsky, Attorney at Law Anna Diensthuber, alongside Associates Alina Eigner and Johanna Hoeltl. The team from Cerha Hempel was led by Partner Nadine Leitner and included Senior Associate Jakob Weber.
Sectors
- Telecommunications
- Legal Services
- Investment
Geography
- Austria – Mavoco is an Austrian company and many of the participants, including legal advisors, are based in Austria.
Industry
- Telecommunications – Mavoco operates within the IoT connectivity management sector, which falls under telecommunications.
- Legal Services – Herbst Kinsky, Cerha Hempel, and Dorda provided legal advice for the deal, indicating the involvement of the legal services sector.
- Investment – The Series A+ financing round highlights the role of investment companies like 3TS Capital Partners and red-stars.com.
Financials
- EUR 11 Million – The total amount raised by Mavoco in its Series A+ financing round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mavoco | Target company | Company | An Austrian company specializing in IoT connectivity management. |
| 3TS Capital Partners | Investor | Company | A venture capital and private equity firm that led the financing round. |
| red-stars.com | Investor | Company | An investment firm that participated in the financing round. |
| Herbst Kinsky | Legal advisor | Company | A legal firm advising Mavoco in the financing round. |
| Cerha Hempel | Legal advisor | Company | A legal firm advising red-stars.com in the transaction. |
| Dorda | Legal advisor | Company | Reportedly advised 3TS Capital Partners during the transaction. |