A team of Gleiss Lutz lawyers has advised the US financial investor Tiger Global on the acquisition of a stake in the German legal tech start-up BRYTER GmbH as part of a round of financing. Tiger Global was lead investor in the financing round, which also included the existing BRYTER investors Accel, Dawn Capital, Notion Capital and Cavalry Ventures. Over the round of financing, BRYTER collected a total of around 66 million US dollars.
Founded in 2018, the German legal tech company BRYTER offers a software platform enabling customers to set up automatic applications for decision-making processes and repetitive tasks without requiring programming skills. Using the no-code automation platform, customers can automate compliance reviews or contract drafting processes for example, or develop virtual assistants, chatbots and further automation tools. The company will use the capital collected to move ahead with its international development.
Tiger Global is a venture capital and private equity investment company focusing on investments in the internet and technology industries. Gleiss Lutz has regularly advised Tiger Global for many years on investments in Germany, most recently in connection with the acquisition of a stake in the FinTech unicorn Mambu and the sale of its stake in Flaschenpost.
The following Gleiss Lutz team advised Tiger Global on the transaction: Dr. Ralf Morshäuser (partner, lead), Melina Grauschopf, Dr. Tobias Falkner (counsel), Moritz Lochmann (all M&A, Munich), Dr. Alexander Molle (partner), Dr. Matthias Schilde (both IT), Simon Wegmann (Data Protection, all Berlin), Dr. Jens Günther (partner), Dr. Matthias Böglmüller (both Employment, Munich), Dr. Jacob von Andreae (partner), Aylin Hoffs (both Public Law, Düsseldorf), Dr. Jonas Rybarz (counsel, Real Estate, Berlin), Dr. Thomas Kulzer (counsel, Finance, Frankfurt).
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