• Practice Areas
  • Sectors
  • Lawyers
  • Notaries

News

05.02.2019

GSK Stockmann advised Target Global on an investment in the e-scooter start-up Flash

GSK Stockmann supported venture capital investor Target Global as they participated in the latest financing round for e-scooter start-up Flash which yielded 55 million euros total.

Flash is a micro-mobility start-up founded among others by the creator of Delivery Hero, Lukasz Gadowski. Flash leases electric pedal scooters in European cities. The service is currently being tested in Zurich and Lisbon. Beyond the business fields of e-scooter leasing and sharing, the start-up wants to advance the development of other short-distance vehicles. In doing so, Flash is pursuing the goal of becoming a major player in the global micro-mobility field.  

Flash received the capital for this development by means of a series A financing round of a total volume of 55 million euros. Target Global participated in this financing round as an investor via its new mobility fund created in 2018. The parties agreed to keep the investment volume confidential.

A GSK team led by Berlin Partner Dr. Katy Ritzmann advised Target Global on this investment. GSK was able to apply its special competences and expertise in the Sector groups Automotive & Mobility and Funds, Financial Services and Capital Markets. GSK Stockmann has extensive experience in these sectors and is actively involved in shaping the transformation of mobility as digitalization and growing interconnectedness are going to critically impact the mobility solutions of the future.     

About Target Global:
Target Global is one of the largest investors of venture capital in Europe. The offices in Berlin, London, Tel Aviv and Moscow focus on innovative and disruptive tech companies.

Advisers of Target Global:

GSK Stockmann: Dr. Katy Ritzmann (lead, VC, IP/IT); Associates: Ira Mießler (IP/IT), Dana Alpar (Corporate)