Momentum advises neosfer (Commerzbank Group) as co-investor on the USD 12m series A financing round of the Berlin based FamilyTech and FinTech start-up Bling
Transaction law firm Momentum has advised the corporate venture capital investor neosfer (Commerzbank Group) as co-investor on the USD 12 million series A financing round of the Berlin based FamilyTech and FinTech start-up Bling. The financing round is led by US investor Owl Ventures, which is the world’s largest venture capital investor with an EdTech focus with over USD 2 billion in AuM. Owl Ventures has invested in some of the most successful EdTech companies, including MasterClass. In addition to neosfer, existing investors PEAK and Angel Invest are also participating as co-investors.
Bling launched in the summer of 2022 with a pocket money card and accompanying app and used the popular and educational service to develop into a holistic platform for families. In February 2024, Bling complemented the contemporary translation of pocket money, easy investing for parents and household and shopping organization with its own family-friendly mobile tariffs “Bling Mobile” in cooperation with Deutsche Telekom. Bling always pursues the mission of improving the financial and media literacy of children and families and therefore relies on simple visualizations and educational information in the app. The high number of registrations shows that Bling is precisely addressing the needs of families in the digital age with this offering: Less than two years after its market launch, Bling has 150,000 revenue-relevant family members on the platform.
The contact to the investor consortium came about through a personal recommendation of Philipp Weber by an existing client. Momentum regularly advises national and international investors and start-ups on venture capital equity financing rounds, convertible loans, SAFE agreements, venture debt and media for equity.
About Momentum:
Momentum was founded in January 2021 as a boutique law firm of experienced lawyers specializing in transactions. We provide efficient, proactive and pragmatic advice in the areas of M&A, private equity, venture capital, corporate law and tax law. As business focussed lawyers, we understand our clients and their specific needs and help getting transactions across the finish line successfully. Our strong national and international partner network enables us to offer transaction advice as a one-stop-shop.
Venture Capital Deal Team Momentum:
Philipp Weber, Partner (Venture Capital, M&A, Corporate)
Georg Havlik, Counsel (Finance, Corporate, Commercial)
Thomas Hartmann, Associate (Venture Capital, Corporate, Commercial)
Contact:
Philipp Weber, Partner
T +49 171 910 076 5
weber@momentum-partner.de
