Berlin, December 5, 2018 – Greenberg Traurig advised Berlin-based IT company Camunda Services GmbH (Camunda) on a series A financing round of EUR 25 million. The investor is Highland Europe. For Camunda, the investment represents the first financing by an external partner.
Camunda was founded in 2008 and offers companies from various industries individual open source software for the automation of business processes. Customers include, for example, Universal Music, Deutsche Bahn, Goldman Sachs, Lufthansa Technik, Deutsche Telekom und Zalando. The capital raised will be used for further expansion in the United States, Europe and Asia as well as for the development of the product.
Greenberg Traurig advised Camunda on all legal aspects of the transaction and its structuring.
Background: This transaction was the first instruction of Greenberg Traurig by Camunda.