GÖRG, under the lead of Hamburg partner Prof Dr Stephan R. Göthel, provided legal advice to the Stuttgart-based AI start-up Blockbrain in a further growth financing round in the seven-digit range. The financing was provided by LBBW Venture Capital, the corporate venture arm of Landesbank Baden-Württemberg.
Blockbrain GmbH was founded in 2022 by Mattias Protzmann, Antonius Gress and Nam Hai Ngo and started out as a fintech in the crypto world. Today, the company specialises in AI-driven process optimisation for companies, which can be used to transform and automate knowledge work and increase efficiency. In addition, Blockbrain offers its customers corporate data protection and uses AI models to check the quality and integrity of data. The start-up's customers include law firms, conglomerates and industrial companies such as Bosch and Lindemann.
Just last September, Blockbrain secured a seed financing round of € 5 million with G+D Ventures as lead investor. The new financing marks another important step towards the further development of Blockbrain's technology.
GÖRG advised Blockbrain on all legal matters relating to this investment with a team led by Hamburg partner Prof Dr Stephan R. Göthel.
Prof Dr Stephan R. Göthel advises companies from a wide range of sectors, from start-ups to market leaders, as well as investors in the areas of M&A, private equity/venture capital and corporate law. Stephan R. Göthel has extensive experience in national and international mergers and acquisitions, joint ventures, corporate finance and management and employee participation programs.
Advisors Blockbrain GmbH
GÖRG Partnerschaft von Rechtsanwälten mbB
Prof Dr Stephan R. Göthel, LL.M. (Cornell) (Lead, Partner, Venture Capital, Hamburg)
Felix Schmidt (Associate, Venture Capital, Hamburg)
