Renzenbrink & Partner has again advised Körber on its VC investment in Magazino

5 October 2020

Renzenbrink & Partner has advised Körber AG on the latest Series B financing round of Magazino GmbH. As part of the financing round which was led by Jungheinrich AG also Körber and other existing investors have invested. In addition, the European Investment Bank (EIB) has provided the Munich-based start-up company with venture-debt financing with a volume in the double-digit millions.

Magazino GmbH develops and builds intelligent, mobile robots that perceive their environment and make decisions themselves. The autonomous robots work parallel to humans and make processes in the areas of e-commerce, fashion and production logistics more flexible and efficient. With more than 100 employees at its Munich location, Magazino has the largest Advanced Robotics team in Europe. Besides Körber, among the investors of Magazino are Zalando and Fiege Logistik.

Renzenbrink & Partner had already provided Körber with legal advice on Magazino’s Series A financing round in February 2018. Headquartered in Hamburg, Körber AG is the holding company of an international technology group with approximately 10,000 employees and more than 100 sites worldwide in its five business areas Digital, Pharma, Supply Chain , Tissue, and Tobacco.

Dr Dennis Schlottmann has advised Körber AG together with Dr Christine Maechtel (Head of M&A Law, Körber AG) both on the equity investment and the venture debt.