PwC Legal advises Iris Capital on investment in ArangoDB
Berlin, 14th October 2021
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has advised Iris Capital on its lead participation in the $27.8 million Series B financing of German/US provider of scalable open-source graph database, ArangoDB. US legal advice was provided to Iris Capital by Mintz.
Besides Iris Capital, existing investors Bow Capital and Target Partners, alongside New Forge participated in the financing round. This Series B investment brings ArangoDB’s total financing to $47 million since its foundation.
Curt Gunsenheimer, Managing Partner at Iris Capital, and New Forge’s Mirko Novakovic, co-founder and former CEO of Instana, will join ArangoDB’s board of directors.
Advisors to Iris Capital:
PwC Legal Germany:
Moritz Gröning, Gerhard Wacker (both lead), Joy-Otto Neugebauer, Stephan Söbbeke (all Berlin, all Corporate/M&A), Tobias v. Tucher, Thomas Urband, Beate Schindlbeck (all IP/IT), Janina Thieme (Data Privacy, all Munich)
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.:
Marc Mantell, Zachary Liebnick (both M&A, Boston)
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