DLA Piper advises EQT Ventures on funding round in online platform Timeless

DLA Piper has advised EQT Ventures on its investment in Berlin-based online platform Timeless, which enables the sale and trade of fractional luxury goods and memorabilia, on a EUR12 million funding round alongside Porsche Ventures, C3 EOS VC (FinLab EOS VC Fund), and La Roca Capital.

Timeless, a New Horizon GmbH brand based in Berlin, is a digital platform for the sale and trade of luxury goods and memorabilia through tokenization and fractional ownership, democratizing access to this asset class for a wide base of retail investors. The company makes the market of rare collectibles - including watches, art, vehicles, sneakers, wine - accessible for everyone and uses blockchain technology to document the digital transactions in a reliable, traceable and secure manner. Users can buy and trade shares starting from EUR50 via the Timeless app.

EQT Ventures is the venture capital fund of EQT, a purpose-driven global investment organization. The fund invests globally in fast-growing, innovative and technology-driven companies across all sectors, with a focus on Europe and the US.

The DLA Piper team was led by Frankfurt-based partner Andreas Füchsel (Private Equity/M&A). The core team further comprised senior associate Dominik Wegener (Corporate/M&A, Hamburg) and associate Philipp Meyer (Private Equity/M&A) and also included partner Dennis Kunschke (Finance), counsel Miray Kavruk (IPT), senior associates Elena Bachmann (Finance), Juliane Poss (Capital Markets, all Frankfurt), Florian Jeske (Employment), associates David Sanchio Schele (Data Protection, both Hamburg) and Theresa Schenk (Capital Markets, Frankfurt).