PwC Legal advises Statkraft Ventures on entry as investor in vialytics GmbH
Nuremberg/Berlin, 18 January 2021
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) has provided comprehensive legal advice to Statkraft Ventures on its investment in the service provider vialytics GmbH as part of the current seed financing round. EnBW New Ventures GmbH, which had already invested, invested again as part of the financing round. With this investment, the company strengthens its growth course in Germany and abroad.
vialytics GmbH, founded in 2017 by Achim Hoth, Patrick Glaser and Danilo Jovicic, offers a solution for road maintenance management of municipalities, districts and infrastructure operators. An artificial intelligence automatically records and evaluates the condition of the road infrastructure by collecting necessary data via smartphones installed in municipal vehicles. Subsequently, the collected data is evaluated by the artificial intelligence of the Vialytics system and made available to the municipality. As a result, damage can be automatically detected in time and necessary maintenance measures can be efficiently planned.
Through this investment, Statkraft Ventures strengthens its portfolio in the smart city sector with another market leader with outstanding technology features. As a European venture capital investor, Statkraft Ventures supports exceptional businesses which are advancing the energy revolution. Current investments include DEPsys, Skyspecs, tado and ZOLAR, in addition to vialytics. Statkraft Ventures is funded by Statkraft Group – Europe’s largest renewable energy producer.
EnBW New Ventures GmbH is the venture capital arm of EnBW AG, one of Germany’s largest utilities with around six million customers. EnBW invests in entrepreneurial teams in the field of smart infrastructure.
Advisor Statkraft Ventures:
PwC Legal (Nuremberg/Berlin):
Gerhard Wacker, Klara Körber (lead), Tanja Galander, Janine Gerner-Yumusak (all Corporate / M&A)
Advisor vialytics GmbH:
KPMG Law (Cologne):
Dr. Philipp Wüllrich, LL.M., Sebastian Seibold (all Legal Deal Advisory/Legal Venture Services)
Advisor EnBW New Ventures GmbH:
CMS Hasche Sigle Partnerschaft von Rechtsanwälten und Steuerberatern mbB (Munich):
Stefan-Ulrich Müller, Christoph Schröer (all Corporate / M&A)
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