GÖRG advises Berlin cleantech start-up Made of Air on VC financing
GÖRG Partnerschaft von Rechtsanwälten mbB successfully advised the Berlin-based company Made of Air GmbH on a venture capital financing of EUR 5 million. The anchor investors include prominent sustainability-focused funds and entrepreneurs from the US and Scandinavia - including Norwegian family fund TD Veen and Swedish EQT Foundation.
Made of Air specialises in producing CO2-negative materials as an effective tool against the climate crisis. Using a pyrolysis technology, the Berlin-based start-up converts biomass such as wood waste into high-quality, carbon-negative plastics for industrial use (e.g. house facades, flooring, fashion accessories). Made of Air's customers include established companies such as Audi and H&M.
The newly raised capital will be used to expand production capacities in Brandenburg and to push ahead with the development and research of further CO2-negative materials. Made of Air has won several awards for innovative technology and with this step is consistently pursuing its expansion plans.
The Berlin-based GÖRG partners and venture capital specialists Dr. Timm Theilmann and Christopher Wright, J.D., LL.M. provided the start-up founders with legal advice during the financing round. The total investment in Made of Air's sustainable business model came about exceptionally quickly and smoothly, thanks to the coordinated and confident approach taken by the investor group.
Advisors Made of Air
GÖRG Partnerschaft von Rechtsanwälten mbB
Dr. Timm Theilmann, Partner, Venture Capital
Christopher Wright, J.D., LL.M., Partner, Corporate/M&A (both Berlin)
Christian Tönies, LL.M. Eur., Partner
Dr. Jesko von Mirbach, EMBA, LL.M. , Senior Associate