PwC Legal advises Iris Capital on investment in ArangoDB

October 14, 2021

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) 

For further information please contact:

Martin Krause
PwC Communications
Tel.: +49 (0) 211 981 – 16 57
E-Mail

About PwC Legal:

In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.

PwC Legal. More than 220 lawyers at 18 locations. Integrated legal advice for the practice.

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Contributors

Moritz Gröning

Corporate/M&A

Tel: +49 30 2636-3410

Gerhard Wacker

Corporate/M&A

Tel: +49 911 94985-281

Joy Otto Neugebauer

Corporate/M&A

Tel: +49 69 95853653

Dr Tobias von Tucher

IP, IT, Commercial

Tel: +49 89 5790 5647