HEUKING advises 3TS Capital Partners as Lead Investor in 11 million Euro Financing Round for Patronus

A cross-office team led by Stuttgart-based partners Benedikt Raisch and Alexander Schott provided comprehensive legal advice to investor 3TS Capital Partners on its investment in Berlin-based startup RR Technologies GmbH (Patronus). The financing round led by 3TS Capital totals 11 million Euro. HEUKING's advisory services encompassed legal due diligence as well as the negotiation of all transaction documents, in particular the investment agreement and shareholders’ agreement.

3TS Capital Partners is a technology-focused growth equity firm that invests across Europe in sectors such as technology, media, and technology-enabled services. With over 450 million Euro raised from investors including EIF, Tesi, Cisco, EBRD and Erste, 3TS combines a strong financial foundation, strategic support, and extensive networks across Europe and the United States. The investment in Patronus was made through the TCEE Fund IV.

Patronus was founded in Berlin in 2020. The company offers a safety and companion solution for seniors, consisting of a mobile emergency smartwatch and a family app. With 25,000 active customers and more than half a million emergency calls answered, Patronus is today the digital market leader in the mobile emergency call segment in Germany.

Counsel to 3TS Capital
HEUKING:
Benedikt Raisch,
Dr. Alexander Schott, both Lead,
Dr. Emanuel Teichmann (all Corporate/M&A), all Stuttgart,
Shimon Merkel, LL.M. (Tel Aviv University), (Corporate/M&A), Berlin,
Dr. Stefanie Greifeneder,
Sarah Aschenbrenner,
Miriam Steinhart, LL.M. (The University of Edinburgh), (all Health Care & Life Sciences), all Munich,
Antje Münch, LL.M. (IP), Stuttgart,
Dr. Philip Kempermann, LL.M.,
Georg Thomas, LL.M. (University of Glasgow),
Julian Rosenfeld (all IT/Data Privacy), all Düsseldorf,
Dr. Sascha Schewiola,
Laura Soltysiak (both Employment Law), both Cologne