Luther advises OCELL on Series A financing round

The green tech start-up OCELL, with legal support from Luther, is receiving €10 million in a Series A financing round to drive its expansion in Europe and further develop its cutting-edge, AI-based platform for more efficient forest management and for developing high-quality CO₂ certificates. A Luther team coordinated by Dr. Thorsten Becker (PICTURED) is handling the financing round, which is being led by the venture capital investor Capnamic.

Dr. Thorsten Becker is acting with a team composed of Philipp Glock (Partner), Dominique Kurtz (Senior Associate), Marie Fay (Associate), Achim Braner (Partner) and Nadine Ceruti (Counsel).

Further funds are coming from Bayern Kapital. The previous investors AENU and Summiteer as well as business angels such as Max Viessmann are also participating in the financing round.

Luther has been supporting OCELL for over a year under the overall project management of Dr Thorsten Becker in matters of corporate and energy law and regulatory issues. A team led by private equity and venture capital experts Philipp Glock and Dominique Kurtz was consulted on the Series A financing.

David Dohmen, co-founder and managing director of OCELL, said: “Luther supports us in a wide range of legal matters and Thorsten Becker coordinates the interdisciplinary topics between the highly committed Luther teams. Our cooperation is excellent from a professional point of view and covers corporate law, energy, commercial and IP/IT. We are very grateful for Luther’s targeted and uncomplicated approach and are pleased to be able to advance our mission on a legally secure basis and with fresh capital: to unlock the full potential of our forests and protect the climate.”

The capital raised will accelerate the further development of the underlying technology and the growth of OCELL, and will roll out climate protection projects in which companies can invest in the voluntary carbon market across Europe. The initial focus markets are Northern Europe and the Baltic states.

michela.cannovale@lcpublishinggroup.com

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