Hamburg and Frankfurt advise European Investment Bank on €15 million venture debt loan issuance to software and hardware developer KINEXON

Germany Press release - Business November 2020

Global law firm Norton Rose Fulbright has advised the European Investment Bank (EIB) on its €15 million venture debt loan issuance to Munich-based software and hardware developer KINEXON.

The investment – part of the growing market of the Internet of Things (IoT) – is backed by a guarantee from the European Fund for Strategic Investments (EFSI) and is part of an investment to strategically support emerging companies in Europe.

EFSI is the financial pillar of the European Investment Initiative, in which the EIB and the European Commission aim to remove barriers to investment and make intelligent use of existing financial resources.

The funding supports KINEXON's real-time localization technology, enabling objects or people to use the IoT more intelligently and efficiently. KINEXON also intends to use the funds for its international expansion and drive new product development out of its research and development center in Munich.

KINEXON develops sensor networks, edge computing and real-time process automation and has quickly established itself successfully in the market. The company focuses on ultra-broadband technology, which is superior to Bluetooth or Wi-Fi in terms of accuracy, reliability, security and scalability.

KINEXON offers detailed solutions for performance analysis and injury prevention in the sports sector. Also, because of the COVID-19 pandemic, KINEXON offers SafeZone, a tailor-made tool for recording risk encounters live, centimeter -precise and anonymously.

The Norton Rose Fulbright team was led by partner Dr. Marco Niehaus (corporate/M&A, Frankfurt) and partner Timo Noftz (banking, Hamburg). The team also included partner Nils Rahlf (corporate/M&A Frankfurt), senior associates Michael Alexander Volks (banking, Hamburg) and Jan-Peter Heise (corporate/M&A, Frankfurt) , associates Dr. Ariane Theissen (corporate/M&A, Frankfurt) and Rima Dressler (corporate/M&A Munich).

For further information please contact:

Cornelia Zeitler, PR & Communications Executive Germany

Tel: +49 89 212148 533; Cell: +49 152 90 005 104