Binder Grösswang Advises Mubadala Capital Ventures on EUR 7 Million Financing Round (Series A) in Storyblok
Binder Grösswang advised Mubadala Capital Ventures, the venture-capital arm of the state investment company of Abu Dhabi, on a Series A investment in the Austrian company Storyblok.
Mubadala Capital Ventures led the investment round, in which the two existing shareholders firstminute capital and capital300 also participated. The new funding will be used for further geographic expansion of the company to Germany and Ireland and further development of the design system, as well as for the start of a partner program and for geo location filtering.
Particular challenges in providing counsel on this investment were posed by the tax structure and the coordination of all the investors with the existing shareholders.
Storyblok is a Linz-based start-up that has developed a headless content management system (CMS). With this back-end-only CMS, content can be streamed for display on any device. This enables the customer to embed content in a variety of websites and applications.
The Binder Grösswang team was led by corporate/M&A specialists Thomas Schirmer (partner), Wolfgang Guggenberger (attorney at law) and Felix Fuith (associate). Partner Christian Wimpissinger and the associates Erik Pinetz and Alexandra Hochegger advised on tax-law aspects. Also involved were Johannes Bammer (attorney at law) for employment law issues and Philipp Spring (attorney at law) for intellectual-property and IT aspects.