KPMG Law advises Coredinate on financing round

Coredinate GmbH develops and sells software-as-a-service applications that enable service companies such as security services, maintenance companies or cleaning companies to perform their work more effectively and securely and support them in keeping records of the tasks completed. Coredinate turns any NFC-enabled smartphone – NFC means near field communication and is a transmission standard for contactless data exchange – into a fully-fledged guard control system and supports employees with additional modules such as job management, event recording or object info. Previous investors in Coredinate GmbH were High-Tech Gründerfonds II GmbH & Co. KG, Clusterfonds Seed GmbH & Co. KG and several business angels.

In addition to the aforementioned existing investors, the investors in the financing round that has now been carried out are MWN Equity Investment GmbH, Stadtbergen, and Bayern Kapital Innovationsfonds EFRE GmbH & Co. KG, Landshut. In the course of the financing round, the company will receive up to EUR 1.9 million in capital, which will be used for further product development and to strengthen sales and marketing activities.

KPMG Law advised Coredinate in particular on the negotiation of the new participation and shareholder agreement, the revision of the articles of association and the drafting of various ancillary agreements, and supported the implementation of the capital increase carried out in the course of the financing round.

Consultant Coredinate GmbH:

KPMG Law Rechtsanwaltsgesellschaft mbH

Christina Klinger (Senior Manager, M&A and Venture Capital, Lead Partner; Nuremberg)

Dr. Daniel Kaut (Partner, M&A and Venture Capital; Nuremberg)