Frankfurt am Main, 11 January 2022
The Private Equity/Venture Capital team of SKYE PARTNERS has advised Conxai Technologies GmbH (“CONXAI”) and its founders in its €2,7 Million ($3 Million) pre-seed round. The funding round is co-led by Earlybird and Pi Labs, Europe’s most active proptech VC. Other investors in the round include A/O Proptech and Argonautic Ventures.
Conxai was founded in 2020. The Munich-based startup has developed an AI-platform that uses transactional, sensor and historical project data, and different forms of knowledge to generate descriptive and prescriptive insights, with which it specializes in the digitization of construction projects in order to analyze the building structures, individual processes and activities in the construction industry. The processes of construction projects are optimized, problems are detected at an early stage and cost efficiency is increased as a result.
Earlybird is one of the leading German venture capital investors, supporting companies in the technology sector in all phases of development.
Pi Labs is a British Venture Capital investor founded in 2015. Pi Labs supports in particular PropTech start-ups within Europe in Pre-Seed to Series A financings.
SKYE’s advisory team, which specializes in Private Equity and Venture Capital transactions, advised Conxai on the legal issues required as part of the financing round, as well as on the other aspects of the entry of Earlybird and Pi Labs and the other investors.
Advisors to Conxai:
SKYE PARTNERS, Frankfurt am Main: Christoph Breithaupt (lead), Julia Rosigkeit, Sandra Brieske, Lisa Schulte, Lukas Schobert (all Venture Capital/Private Equity), Dr. Marius Fritzsche, (Pusch Wahlig Workplace Law, Frankfurt, Germany – Labour Law).
Advisors Early Bird, Pi Labs and the other investors
GLNS Rechtsanwälte Steuerberater Partnerschaft mbB, Munich, Germany: Dr. Daniel Gubitz, Eva Maier (all Corporate / VC).
Christoph Breithaupt – SKYE PARTNERS
Tel: +49 69 9999938-00
About SKYE PARTNERS:
SKYE PARTNERS (www.skye-partners.de) is active since February 1, 2018 as a transaction law firm, specializing in corporate law, venture capital, private equity and restructuring. With more than 25 years of international experience in corporate transactions, we use state-of-the-art software technology to form and coordinate bespoke teams for our clients’ complex transactions. Thereby, SKYE PARTNERS already developed a growing network of more than 400 legal advisers at 17 locations in the major jurisdictions of Europe, America, Asia and the Middle East.
SKYE PARTNERS uses only those colleagues who are perfectly suited to the respective client, both professionally and personally, and with whom long-standing contacts already exist.
The knowledge of our clients, their business and the industries and markets in which they operate is the basis for generating added value for our clients. We share this knowledge with our global cooperation partners and thus offer modern, integrated and global consulting at the highest level.
Our clients include leading private equity firms, venture capital funds, investment banks and companies across a range of industry sectors, including healthcare, services, consumer products, software & technology, ITC & TMT, SAS, e-commerce and digital entertainment.