Life sciences start-up ChemSquare receives 1.7 million euros
CMS advises Frankfurt start-up on financing round
PublicDomainPictures, pixabay.com, CC0
A CMS team from the Frankfurt office by Dr Florian Plagemann, Dr Tobias Kilian and Dr Heike Wagner advised ChemSquare on all legal aspects of the financing round. The team regularly advises start-ups and investors on financing rounds. ChemSquare is also a member of equIP, CMS’s own start-up support programme. The aim of the CMS equIP programme is to support start-ups and young innovative companies in the digital and tech industry and enable them to become strong contenders for Series A financing. To achieve this, CMS provides firms with comprehensive legal advice while engaging with their entrepreneurial objectives.
ChemSquare GmbH, headquartered in Frankfurt am Main, is developing a platform for supplier certification. The aim is to create a digital network that links customers, suppliers, auditors, subcontractors and official bodies, enabling quality-related data to be exchanged continuously and securely. This requires a global pool of independent and accredited auditors who regularly audit suppliers worldwide, depending on requirements, and publish the results on the ChemSquare platform. Customers benefit from access to quality-related information at any time without having to carry out extensive audits themselves.
Berlin-based Cherry Ventures is a VC investor with a Europe-wide focus on seed-stage companies.
Axel Springer Porsche GmbH & Co. KG (APX), headquartered in Berlin, is a joint venture between Axel Springer and Porsche. It mainly makes early-stage investments. APX was already a major investor in ChemSquare prior to the current financing round and has now expanded its stake.
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.
Most read news
More news from our other portals
Something is happening in the chemical industry ...
This is what true pioneering spirit looks like: Plenty of innovative start-ups are bringing fresh ideas, lifeblood and entrepreneurial spirit to change tomorrow's world for the better. Immerse yourself in the world of these young companies and take the opportunity to get in touch with the founders.