Orrick Advises Atomico in Lilium’s $90 Million Series B Financing Round

September.06.2017

Deutsch: Orrick berät Atomico bei Investment in Lilium im Rahmen von $90m Serie B Finanzierung 

Orrick has advised Atomico, the venture capital firm founded by Skype co-founder Niklas Zennström, on their investment in the $90 million Series B financing of Lilium. Founded in 2015, Lilium is a Bavarian developer of the world’s first fully electric vertical take-off and landing jet.

The financing was led by Tencent and also included LGT and Obvious Ventures. It brings Lilium’s total capital raised to more than $100 million. Atomico previously invested $10 million in Lilium’s Series A financing in December 2016.

Lilium will use the financing for the development of the five-seat Lilium Jet that will fly commercially.

Atomico was advised by an Orrick team headed by Munich partners Thomas Schmid and Jörg Ritter and London partner Chris Grew and included Christoph Rödter and Verena Schwarz.