PRESS RELEASE

Hamburg, 18 December 2020

honert advised Spryker Systems GmbH on its Series C financing round. In addition to the US lead investor TCV, existing investors One Peak Partners and Project A Ventures participated in the financing round. The total volume was over USD 100 million. Spryker’s valuation has thus exceeded the USD 500 million threshold.

Since its founding in 2014, the start-up with offices in Hamburg and Berlin has outstandingly performed and established itself as one of the European market leaders for e-commerce software solutions. With the funds raised in the Series C financing round, the company will continue its growth. Its main focus is on internationalization.

The advisory teams of the company and the existing investors already know each other from previous financing rounds.

CONSULTANTS SPRYKER SYSTEMS GMBH:

honert (Hamburg): Dr. Jan-Christian Heins, Christina Frigger
In-house legal consultants: André Karjoth, Jan Bochow

CONSULTANTS TCV:

Weil, Gotshal & Manges LLP (Frankfurt): Dr. Christian Tappeiner, Julian Schwanebeck

BERATER ONE PEAK PARTNERS:

V14 (Berlin): Dr. Frank Vogel

CONSULTANTS PROJECT A VENTURES

SMP (Berlin): Dr. Benjamin Ullrich, Adrian Haase