Oppenhoff advises EIC Fund on USD 15.3 million Series A financing round of MindPeak

Oppenhoff has once again comprehensively advised the EIC Fund on its German investments. On this occasion, the EIC Fund invested in the start-up MindPeak GmbH together with, among others, the German lead investor ZEISS Ventures, Hamburg-based InnoVentureFund, APEX Ventures and AI.Fund. The investment was in the form of an equity investment as part of a Series A financing round under the "Horizon Europe Programme". The financing round had a total volume of 15.3 million US dollars.

MindPeak, based in Hamburg, develops automation tools for image diagnosis using state-of-the-art artificial intelligence and deep learning. The tools, which are based on AI algorithms, support cancer experts in making reliable diagnoses.

The EIC Fund is the special fund of the European Innovation Council and thus the central investment vehicle of the European Commission. It is used to implement the European Commission's EIC Accelerator Programme, which supports innovative and sustainable European growth companies. The EIC Fund is advised by the European Investment Bank. The EIC (European Innovation Council) was founded in the context of the pilot project "Horizon 2020 - the Framework Programme for Research and Innovation" and was successfully continued in 2021 with the launch of the "Horizon Europe Programme". With a duration from 2021 to 2027 and a total budget of up to EUR 95.5 billion, it is one of the largest funding programmes for research and innovation worldwide. In 2023, the EIC Fund supported over 100 investment rounds in deep tech companies and secured co-investments from 280 other investors worth EUR 1.2 billion. Oppenhoff has been regularly advising the EIC Fund on its investments in German start-ups since 2021.

The Oppenhoff team was led by Dr. Carolin Roßkothen and Myriam Baars-Schilling (both Corporate / M&A) and included Dr. Martin Bialluch (Corporate) and Dr. Fee Mäder (IP).

Oppenhoff regularly advises companies in the venture capital sector, most recently, for example, the EIC Fund on the USD 62 million Series A financing round of Reverion, on the EUR 53 million Series B financing round of Infinite Roots as well as SellerX on the acquisition of KW-Commerce.

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