BLP advises Northzone on further investment in Outfittery
International law firm Berwin Leighton Paisner has advised Northzone on another direct venture capital investment in Germany. Northzone increased its investment in the Berlin start-up Outfittery.
Outfittery recently closed its series E financing round. BLP client Northzone is one of Outfittery’s major shareholders and co-invested in this round which was lead by new venture capital investor Octopus. Outfittery was founded by Anna Alex and Julia Bösch in 2012 as a curated shopping platform focussing entirely on male clothes and fashion accessories. Meanwhile the company is serving customers in eight countries (Germany, Austria, Switzerland, the Netherlands, Belgium, Luxembourg Sweden and Denmark). The new funds will be invested into the further growth of the company as well as into technology expansion.
Northzone is an investment fund focusing on technology companies for growth investments. Founded in 1996, its teams operate from offices across the Nordics, in London and New York. To date Northzone has invested in more than 120 technology companies globally, including the successful music streaming service Spotify.
Partner Dr Albrecht von Breitenbuch also advised Northzone on its initial investment in Outfittery. He is regularly advising Northzone on its investments in Germany such as the one in Distribusion Technologies in March this year. Albrecht has comprehensive experience in advising founders, start-ups and investors on company formations, funding rounds and other strategic and regulatory aspects of launching a business with special focus on tech companies and venture capital investors. Albrecht was joined by senior associate Dr Katharina von Rosenstiel to advise Northzone on the current transaction.