Oppenhoff advises EIC Fund on USD 62 million Series A financing round of Reverion

Oppenhoff has once again comprehensively advised the EIC Fund on its German investments. This time, the EIC Fund invested in the Munich-based start-up Reverion GmbH together with, among others, the US-based lead investor Energy Impact Partners (EIP) and Honda Motor. Existing investors Extantia Capital, UVC Partners, Green Generation Fund, Doral Energy-Tech Ventures and Possible Ventures also participated in this round. The investment from the EIC Fund was effected by way of an equity investment as part of a Series A financing round under the "Horizon Europe Programme". The oversubscribed financing round had a total volume of around USD 62 million.

Reverion is a spin-off from the Technical University of Munich. The ClimateTech company builds reversible, CO2-negative power plants using an innovative high-temperature fuel cell system, thereby realizing carbon-negative and emission-reducing energy generation.

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 programs 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 led by Dr. Carolin Roßkothen and Myriam Baars-Schilling (both Corporate / M&A), comprised Dr. Maike Mestmäcker (Corporate), Dr. Patric Mau (IP), Marvin Rochner (Real Estate) and Dr. Carsten Bormann (Regulatory).

Oppenhoff regularly advises companies in the venture capital sector, most recently, for example the EIC Fund on the EUR 53 million Series B financing round of Infinite Roots and on the investment in the tech start-up STABL Energy as well as SellerX on the acquisition of KW-Commerce and BeyondBuild on the strategic merger of spaceOS and Equiem Holdings.

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