GÖRG Advises Unternehmertum Venture Capital Partners GmbH on Acquisition of Interest in Vimcar GmbH

09.05.2017

[Munich, ] GÖRG Partnerschaft von Rechtsanwälten mbB put together the team headed by Munich partner Dr. Bernt Paudtke that advised Unternehmertum Venture Capital Partners GmbH in connection with its acquisition of an interest in Vimcar GmbH.

At the end of a financing round, Coparion GmbH & Co. KG and Unternehmertum Venture Capital GmbH joined other investors that had already acquired interests in Vimcar GmbH.

Vimcar GmbH is a start-up that was established in Berlin in late 2013 and entered the connected car market a year later when it launched a digital logbook in Germany. Over 5,000 companies are now using the 35-man company’s digital logbook. Vimcar’s product permits seamless tracking of business-related travel by company vehicles to provide tamper-proof records that completely fulfil the requirements of the German tax authorities. Users benefit from optimum tax treatment since they can now provide tax authorities with complete documentation of business travel.

By partnering with Unternehmertum Venture Capital GmbH, Vimcar GmbH can count on the support of an organization that specializes in working with young technology-based start-ups based in German-speaking Europe. Unternehmertum Venture Capital GmbH actively invests in the areas of Industrial Technology & Smart Enterprises to help young companies with international market potential grow and establish themselves in their chosen markets worldwide. As part of UnternehmerTUM, a leading European entrepreneurship centre, Unternehmertum Venture Capital GmbH gives start-up entrepreneurs not only the financing they need, but also the benefit of its many years of experience in growing young companies. With its investment in Vimcar GmbH, Unternehmertum Venture Capital GmbH continues to pursue its policy of promoting mobility. This is also reflected in its investment in FlixBus, which operates a network of long-distance buses, and the kick-off of Digital Hub Mobility in Munich.

The investments will allow Vimcar GmbH to expand its array of products and move forward by building on its market entry with its electronic logbook and developing further automated processes related to company cars such as, for example, fuel cards and driver’s license controls.