Momentum advises kopa Ventures, IBB Ventures and neosfer (Commerzbank Group) on the sale of their stake in Daato Technologies to EQS Group AG
Frankfurt am Main, January 21, 2025: The transaction boutique Momentum has advised the venture capital investors kopa Ventures, IBB Ventures and neosfer (Commerzbank Group) on the sale of their stake in Daato Technologies, a pioneer in the field of sustainability software, to EQS Group AG, a leading provider of compliance solutions and portfolio company of US investor Thoma Bravo. The advice included, in particular, comprehensive advice on the sales process as well as the negotiation of the purchase agreement and other exit documents.
Contact with the investor group was established via Frankfurt-based venture capital and private equity partner Philipp Weber. The Momentum team had already advised neosfer (Commerzbank Group) on the venture capital investment in Daato Technologies. Momentum regularly advises venture capital investors and start-ups on financing rounds, convertible loans, Simple Agreements on Future Equity (SAFE), venture debt and ESOP/VSOP.
Comments on the Exit
Benjamin Wochner of kopa Ventures, lead investor in Daato, commented: “Daato has proven in a very short time that its innovative technology provides real value to companies required to report on sustainability. We are proud to have supported the company’s growth and see the acquisition by EQS Group as the ideal next step for Daato.”
“Daato’s all-in-one solution is a true gamechanger for ESG compliance. This acquisition highlights the enormous potential of startups developing innovative solutions for regulatory challenges,” added Marlon Müller of neosfer.
Cindy Beckel and Clemens Kabel from IBB Ventures stated: “The strong team at Daato once again demonstrates that Berlin startups have global relevance. We would like to thank Kamal and Thilo and wish them all the best for their journey with EQS Group.”
The acquisition of Daato Technologies impressively showcases the potential of sustainability startups. “This success should inspire other founders to launch their own impact startups and drive sustainable innovations. It shows that courage and creative solutions in the field of sustainability pay off,” emphasized Wochner.
Philipp Weber, Venture Capital & Private Equity Partner at Momentum adds: „We are delighted to have supported kopa Ventures, IBB Ventures and neosfer in this exciting transaction, as ESG business models are becoming increasingly important for venture capital investments and acquisitions by strategists and private equity investors.”
About Daato Technologies
Headquartered in Berlin, Daato was founded by Satya Kamal Raparthi and Thilo Hitz. The platform simplifies ESG reporting and measurement, supporting standards such as CSRD, EU taxonomy, and carbon footprint assessments. It enables efficient, audit-ready ESG reporting with an intuitive design and automation features, making it suitable for companies of all sizes. A partner network of consulting firms and law firms supports its implementation.
About EQS Group
Founded in 2000 in Munich, EQS Group is an internationally leading cloud provider for compliance, data protection, sustainability, and investor relations. More than 10,000 companies use the EQS COCKPIT software to meet regulatory requirements, minimize risks, and transparently report on corporate performance. The platform supports whistleblower protection, policy management, ESG reporting, data protection (GDPR, EU AI Act), and human rights due diligence in supply chains. EQS Group employs around 550 staff globally.
About kopa Ventures
kopa ventures is an established early-stage investor focused on European climate tech startups in the areas of energy, mobility, nature & carbon tech. The team at kopa ventures, based in Berlin, Munich, Mainz, and London, combines expertise, entrepreneurial experience, and access to a broad network of investors and experts to support early-stage startups in achieving significant positive financial and ecological impact.
About neosfer
neosfer is the early-stage investor and innovation unit of the Commerzbank Group. The neosfer team explores future technologies relevant to the economy and society, promotes and develops sustainable digital solutions, and makes them accessible to the bank and its customers. This is achieved through three focus areas: Invest, Build, and Connect. By providing strategic risk capital (Invest), developing proprietary technologies and business models (Build), and building ecosystems around the sustainable and digital future of society (Connect), neosfer creates access to innovations.
neosfer GmbH, known as neosfer, is a wholly owned subsidiary of Commerzbank AG, headquartered in Frankfurt am Main.
About IBB Ventures
IBB Ventures (www.ibbventures.de) has been providing venture capital for innovative Berlin-based companies since 1997 and has established itself as a market leader in early-stage financing in Berlin. The funds are primarily used for the development and market launch of innovative products or services as well as for business concepts in the creative industries. In addition to two VC funds for technology and creative companies with a volume of €90 million, a €30 million impact VC fund has been in the investment phase since 2022. All three VC funds are financed by Investitionsbank Berlin (IBB) and the European Regional Development Fund (ERDF), managed by the State of Berlin.
IBB Ventures has already invested in more than 270 Berlin companies; in consortia with partners, startups received over €1.8 billion, of which IBB Ventures contributed over €290 million as a lead, co-lead, or co-investor. IBB Ventures is the umbrella brand for the VC activities of IBB Beteiligungsgesellschaft and part of the IBB Group.
About Momentum
Momentum is a boutique law firm specializing in transactions. We provide efficient, proactive, and pragmatic advice in M&A, private equity, venture capital, corporate law, and tax law. With an entrepreneurial mindset, our experienced lawyers understand the specific needs of our clients and help drive transactions to completion. Our strong national and international network of partner law firms allows us to offer comprehensive legal and tax advisory services as a “one-stop shop.”
Momentum Deal Team
Philipp Weber, Partner (Private Equity, M&A)
Dr. Philipp Gold, Partner (Tax Law)
Thomas Hartmann, Associate (Corporate Law, Commercial)
Contact
Philipp Weber, Partner
Momentum Rechtsanwälte Steuerberater PartG mbB
Eschersheimer Landstr. 14
60322 Frankfurt am Main
weber@momentum-partner.de
+49.171.91 00 765
