DLA Piper advises Heliad Equity Partners on participation in USD32m funding round of NewtonX

DLA Piper has advised Heliad Equity Partners GmbH & Co. KGaA as investor on its participation in NewtonX USD32 million Series B funding round. Heliad Equity Partners is investing a low single-digit million amount as part of the funding round. The USD32m Series B round was led by Marbruck Investments with support from Level One Fund backed by UBS O’Connor and Gaingels. Existing investors Two Sigma, Third Prime, XFund, Story Ventures and Switch also participated.

NewtonX partners with consultancies, marketers, and technology companies, and together with their clients, they are ushering in a new standard of truth in B2B research. For this purpose, NewtonX uses an open network of 1.1 billion professionals. To achieve this goal NewtonX uses a specially developed search engine - the NewtonX Knowledge Graph. The new funding will be used to expand engineering, further develop its product suite, and build out the sales and marketing teams to increase NewtonX’s brand awareness among business leaders.

Heliad Equity Partners is a German listed investment company with a mission to empower both entrepreneurs and investors. The company invests in market leading companies across various verticals and regions to power their next phase of growth.

The DLA Piper team was led by partner Simon Vogel and also included associate Oliver Schmidt (both Corporate/Private Equity, Munich).