WMWP advises Wowflow from Vienna on EUR 300,000 financing round

WMWP Rechtsanwälte GmbH, led by partner Dr. Paul Koppenwallner, LL.M., advised and supported the Viennese start-up Wowflow in the current financing round with its legal expertise.

The two founders Drazen Ivanis and Misha Voronko had a clear idea who should accompany them through this process:

For us, it was important to have a legal partner that can help to focus on the most important aspects of the Pre-Seed deal, set the appropriate legal structure for future rounds, and be very responsive in the dynamically changing environment of the fundraising process – and Paul Koppenwallner simply exceeded our expectations.

The investment in the amount of €300,000 is expected to drive growth in the German-speaking region. The accelerating digitization of the conservative real estate sector, combined with the rising trend toward outsourcing facility management and maintenance services, helped the company triple its revenue in 2020 and attract clients such as Forstinger and Reiwag Facility Services.

Dr. Paul Koppenwallner warmly congratulates the company and says of the collaboration:

Wowflow is pursuing an exciting, future-oriented concept that can further leverage synergies and efficiency in the real estate sector. We are very pleased that wowflow has placed its trust in us for the current financing round.

The latest JUVE Verlag ranking is online and we are more than pleased!

According to the “JUVE – Magazin für Wirtschaftsjuristen in Österreich”, our office in Klagenfurt is again one of the best law firms in Carinthia this year.

In addition to our strong team, our two partners Dr. Martin Wiedenbauer and Mag. Martin Mutz are named as being in demand and well connected throughout Austria.

WMWP act legal Austria advises search for innovation partner for aquatic centre

Because the life cycle of the aquatic centre in Klagenfurt will end in the next few years, the city has decided to implement a major infrastructure project.

After a location was found and based on the results of a public participation process, an innovation partner was sought through a Europe-wide tender. Porr has emerged as a development and innovation partner and will develop the project together with the city until it is ready for implementation. On November 16, 2020, the necessary contracts were signed in Klagenfurt City Hall.

The development and innovation partnership will not focus exclusively on the aquatic centre. It also includes the development of a much larger planning area with regard to add-ons, taking into account the Klagenfurt SmartCity strategy, sustainable energy supply and orientation towards a federal sports center with a focus on triathlon.

Dr Martin Wiedenbauer, who led the legal team, congratulated the city on the conclusion of this complex process and is convinced that the new path taken will lead to very good results for the city.

New structure for the Kunsthaus Graz

WMWP – act legal Austria developed on behalf of the Province of Styria together with the City of Graz and in cooperation with the management of the Universalmuseum Joanneum the legal restructuring of the Kunsthaus Graz and implemented it in a 5-phase plan.

The possibility of early repayment of open leasing financing was taken as an opportunity to unravel the historically grown, legally complex situation and to transfer it into a new structure. All stakeholders pursued the common goal in a constructive and solution-oriented manner, which is why the legal challenges could be overcome well.

Lawyer Dr. Martin Wiedenbauer, who was in charge of the legal aspects of the project, said after the project was completed:

“It was very exciting to bring together the numerous topics in a future-oriented overall concept and we are proud to have been part of the team that was allowed to work on the structure for a positive future of the Universalmuseum Joanneum and the Kunsthaus Graz”.

WMWP participates in the development of an innovative financing instrument for publicly regulated areas

WMWP helped to develop the legal structure of an innovative financial instrument for an energy company in connection with the investment in electricity distribution infrastructure. 

The financial instrument is a new innovative approach, whereby the investment funds are regarded as equity capital but can be managed by the investor as debt capital.

“It was very exciting to bring together the numerous topics in a future-oriented overall concept and we are proud to have been part of the team that was allowed to work on the structure for a positive future of the Universalmuseum Joanneum and the Kunsthaus Graz”.“This newly developed approach is generally applicable to infrastructure investments in publicly regulated areas, which is why we assume that this form of financing can also be used very well in other utility sectors”,“It was very exciting to bring together the numerous topics in a future-oriented overall concept and we are proud to have been part of the team that was allowed to work on the structure for a positive future of the Universalmuseum Joanneum and the Kunsthaus Graz”.

said Dr. Martin Wiedenbauer, partner at WMWP – act legal Austria – who together with his team participated in this project.

Mostly AI successfully completes Series A with WMWP – act legal Austria

Mostly AI has succesfully closed a seven-digit financing round with the support of WMWP. In addition to the existing investors 42cap and Push Ventures, VC Earlybird joined as new investor. A total of EUR 5,000,000 has been secured in this Series A financing round.

WMWP has advised Mostly AI under the leadership of Robert Winkler (Partner, Vienna, Corporate/M&A) and supported by Paul Koppenwallner (Partner, Vienna, Corporate/M&A) and other team members.

WMWP had the opportunity to advise aws Gründerfonds in one of the most exciting VC deals this year in Austria!

PlanRadar has developed a cloud software solution that is used for construction documentation, task and defect management. In the current financing round, PlanRadar was able to raise an amount of in sum EUR 30,000,000 from existing and new investors, such as Insight Partners and e.Ventures. WMWP – act legal partner Paul Koppenwallner has advised awsGründerfonds in the course of the financing round and a related secondary transaction.

WMWP – act legal Austria supports t-matix cooperation with Magenta for the digitalization of Vienna

In a multi-stage tendering, t-matix together with Magenta won the tender for the platform of the new IoT ecosystem of the City of Vienna. The platform serves as a central system for the creation of IoT applications and ranges from the system monitoring of trams to the monitoring of photovoltaic systems.

WMWP partner Dr Martin Wiedenbauer together with Ralf Parfuss (CEO t-matix) led the negotiations of the cooperation agreements with Magenta and brought them to a successful signing.