GSK Stockmann has advised Berlin-based Unstoppable Finance GmbH on its latest funding round. The crypto start-up raised 12.5 million euros and added US venture capital firm Lightspeed Venture Partners to its list of distinguished investors. Existing backers, such as Speedinvest and Discovery Ventures and Rockaway Blockchain Fund, also joined in.
US investor Lightspeed Venture Partners (“Lightspeed”) led a new funding round at Berlin-based crypto startup Unstoppable Finance. For the start-up phase of its decentralised finance app “Ultimate”, the company raised €12.5 million in its Series A funding round.
With “Ultimate”, the team around the founders Maximilian von Wallenberg-Pachaly, Peter Grosskopf and Omid Aladini wants to bring so-called “decentralised finance” to the mass market. The global launch is planned for this year.
From GSK Stockmann’s side, corporate partner Thomas Derlin and his team provided comprehensive legal support to Unstoppable Finance in the financing round. In particular, the legal advice included negotiating the respective financing agreements with the various investors and their respective legal counsel.
Advisers to Unstoppable Finance GmbH:
GSK Stockmann: Thomas Derlin (lead, corporate/ M&A/ venture capital), Jörg Kahler, Martin Hossenfelder (both IP/ IT/ data protection), Philipp Kuhn, Nicole Deparade (both employment), Dominik Berka (tax); senior associate: Benedikt Kreuder (corporate/ M&A/ venture capital)
