Momentum advises Hi Inov on the Series A Investment in Kenjo
Momentum once again advised Hi Inov, in this case in the context of a EUR 8.8m Series A financing round in Kenjo GmbH (“Kenjo“). Besides Hi Inov as lead investor, Lightbird Ventures and Innovation Nest, as well as existing investors (such as Redalpine and The Delta) participated in the funding. Wolfgang Krause, Managing Partner at Hi Inov, joins the advisory board of Kenjo.
Kenjo’s founders have developed an all-in-one HR software that facilitates HR administrative tasks and compliance with international labour law regulations. Kenjo’s solutions are focused on streamlining key HR processes such as time tracking, leave and absence management, shift scheduling, payroll, data analytics and performance evaluation. Kenjo currently has offices in Madrid, Berlin and Zurich, a client portfolio of more than 1,000 companies and plans to double its workforce from the current level of nearly 70 employees in the coming months.
With the funding, Kenjo plans to position itself as a market leader in HR software for small and medium-sized blue collar companies in sectors such as manufacturing, retail, transport, logistics and healthcare, to develop its existing and new products, and to further strengthen Kenjo’s presence in Europe, particularly in the DACH region.
About Hi Inov:
Hi Inov, with offices in Paris, Lyon and Munich, supports outstanding hypergrowth companies that transform the ever-changing services and industrial landscape with innovative digital deep-tech technologies. The investment in Kenjo represents the first investment of the new fund Hi Inov 3, closed in the summer of 2023, and continues Hi Inov’s commitment to supporting promising teams in Germany, France and the Benelux.
Momentum was founded in January 2022 as a boutique firm of experienced lawyers specializing in transactions in Munich. Another location was opened in Frankfurt am Main as of July 2023. We provide efficient, proactive and pragmatic advice in the areas of M&A, private equity, venture capital, corporate law and tax law.
Deal Team Momentum:
Dr. Daniel Wied, M.jur., Partner (M&A, Venture Capital)
Philipp Weber, Partner (M&A, Venture Capital)
Tatjana Jäckel, LL.M. (M&A, Venture Capital)
Sarah Kaspar, Associate (M&A, Venture Capital)
Kenjo and Kenjo’s founders were advised by the law firm V14 Vogel Heerma Waitz, in person of Samuel Aebi (Partner) and Sinje Clausen (Lawyer). The notarization was handled by notary public Konstantin von Richthofen (Notary’s office 3n.berlin).
Dr. Daniel Wied
Momentum Rechtsanwälte Steuerberater
80333 Munich, Germany