Herbst Kinsky advises VRVis Spin-off Visplore on its seed-financing round
Herbst Kinsky advises Visplore GmbH on its seed-financing round with the Luxembourg Tech-Venture Capital Funds btov in the amount of EUR 1 mio.
VRVis is Austria’s leading research institution in the field of visual computing. With more than 70 employees, VRVis conducts innovative research and development projects in cooperation with industrial companies and universities. The spin-off Visplore, founded out of VRVis in June 2020, offers a low-threshold access to Big Data due to an all-round software solution for the analysis of time series data.
btov is a renowned venture capital firm, with offices in St.Gallen, Berlin, Munich and Luxembourg, that is one of the experts for start-ups in the technology sector.
“Visplore is a flagship model for spin-offs from research institutions. We are pleased to have been able to accompany the project in reaching this further milestone”, says Philipp Kinsky, partner at Herbst Kinsky.
The transaction team was led by Philipp Kinsky (Corporate) supported by Georg Durstberger, Carmen Walser (both Corporate) and Christoph Ludvik (Employment).