BonVenture invests in Fairown, supporting EUR 5.7 million seed extension for German expansion

COBALT had the privilege of advising BonVenture, the first provider of social venture capital in the German-speaking countries, in their recent investment into Fairown, a leading multi-category B2C subscription service provider, as part of a successful EUR 5.7 million seed extension round.

BonVenture invests in enterprises that create social value added, their funds go beyond sustainability funds that rely on exclusion criteria – BonVenture measures and quantifies the specific social impact of all supported enterprises.

This funding round, led by BonVenture and supported by existing investors such as neosfer (the early-stage investment arm of the Commerzbank Group), STIHL Ventures (the corporate venture capital arm of STIHL), and Gateway Ventures, is set to drive Fairown’s expansion into the German market.

Our team, led by Partner Kristel Raidla-Talur, Managing Associate Greete-Kristiine Kuru and Assistant Lawyer Paul Schifrin, provided comprehensive legal support throughout the transaction.