Berlin – Orrick advised Scandinavian investor Northzone as lead investor in the series B financing round for Berlin-based start-up Lesara.
This is Northzone's second direct investment in Germany.
Founded in 2013 by Roman Kirsch, the founder of Cascanda, Lesara is an online shop offering women’s, men’s and children’s clothing as well as household items, electronics and lifestyle products. Lesara focuses on offering competitive prices through direct purchases from manufacturers and has already entered the markets in Austria, Luxemburg and Switzerland. It recently announced its further expansion to the Netherlands and Italy. In order to facilitate its supply chain, the company also recently opened a branch office in China.
An investment fund focused on technology companies, Northzone holds shares in over 80 different technology companies around the globe, including the music streaming platform Spotify. This is the second investment in which Orrick’s German Technology Companies Group has advised Northzone this year, having previously advised the fund on its investment in the curated fashion-shopping platform Outfittery in February.
Orrick is very active advising clients in the technology and venture capital sectors around the globe, including in Germany. Berlin-based partner Dr. Albrecht von Breitenbuch has a strong and growing practice advising numerous founders, start-ups and investors on company incorporation, financing rounds, and a variety of other strategic and legal issues relating to the business growth of an enterprise.
The Orrick team was led by Dr. Albrecht von Breitenbuch (Partner, Corporate/Venture Capital, Berlin) and included Dr. Christian Schröder (Partner, IP/IT, Düsseldorf), Dr. Katharina von Rosenstiel (Senior Associate, Employment, Berlin) and Sophie Ratzke (Associate, IP/IT, Düsseldorf).