Press Release 05.08.2021

PXR advises Earlybird on investment in ottonova

With a team lead by Janina Möllmann, PXR has advised Earlybird on its investment in InsurTech company, ottonova, based in Munich. Earlybird, as lead investor of the financing round, alongside existing investors such as HV Capital and Vorwerk Ventures, invested a total of €40 million in ottonova. The newly raised capital will be used to drive the further expansion in the company's core markets and to establish new strategic partnerships.

About Earlybird

Earlybird is one of the leading European venture capital investors focusing on European technology innovators with approximately €1.5 billion AUM. Founded in 1997, Earlybird invests in all development and growth phases of technology companies. Among the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources, but also strategic support as well as access to an international network and capital markets.

About PXR

PXR is a full-service law firm specializing in advising companies, entrepreneurs and investors in the technology sector. PXR’s clients include numerous tech companies, private equity and venture capital investors, and entrepreneurs. PXR’s core areas of expertise include tax and corporate law, employment law, and IP/IT and data privacy law.