Gleiss Lutz has advised the Japanese investment fund Cool Japan Fund Inc. (CJF) on its investment in Berlin-based startup Grover Group GmbH (Grover). In this bridge financing round, a total of EUR 50 million euros invested in Grover.
Grover is a global leader in technology rentals, especially consumer electronics, and was founded with the aim of making technology more accessible and affordable through subscription services and contributing to the circular economy.
CJF was established in 2013 as a public-private fund with the goal of promoting Japanese products and services unique to the Japanese lifestyle and culture overseas, thereby boosting the Japanese economy. Through the investment in Grover, CJF expects to make Japanese products more accessible to a wider consumer base and to increase the demand for Japanese products in Europe.
The following Gleiss Lutz team led by Dr. Michael Burian (partner, Frankfurt) and Dr. Anselm Christiansen (partner, Stuttgart) has advised CJF:
Dr. Julia Müller (Frankfurt), Dr. Torsten Spiegel (Berlin), Sumiko Sato (all M&A, Munich), Vanessa Bayliss (counsel), Dr. Thomas Kulzer (counsel, both Banking & Finance), Dr. Christian Hissnauer (partner), Daniel Adolph (both Financial Regulatory, all Frankfurt), Julian Glau (Employment, Hamburg), Philipp Rackevei (Public Law, Stuttgart).
Gleiss Lutz has a leading Asia practice and regularly advises Asian investors on venture capital investments in Germany and Europe. Most recently, Gleiss Lutz advised the Japanese SBI Group in 2023 on SBI Group's investment in the fintech startup Pliant and the Japanese listed company Marubeni Corporation in early 2024 on its minority investment in RCB Nanotechnologies GmbH in the context of a financing round.
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