VOY Advises Cavalry Ventures on Investment in Lhotse
Procure Tech startup Lhotse has raised EUR 5M in its Seed Financing Round. Lead investor Cavalry Ventures was advised by Johannes Steinacher from VOY.
Existing investor Paua Ventures, who led the pre-seed round just 6 months ago, invested in the round as well. In addition, a number of well-known entrepreneurs also participated, including Patrick Andrä (Founder HomeToGo), Felix Jahn (Founder home24, Founder McMakler) and Philipp Klöckner (Doppelgänger Podcast, KKR Advisor).
About Cavalry Ventures:
Cavalry Ventures is a Berlin-based venture capital firm that backs bold tech entrepreneurs. Founded in 2016 by a group of seasoned entrepreneurs, Cavalry is a first-check investor and initially invests in European pre-seed or seed-stage technology companies, across the enterprise as well as consumer spaces. Through a dedicated platform team, Cavalry aims to connect its entrepreneurs to investors, engineers, academics, executives, industry experts, and others to create the optimal ecosystem for its portfolio companies to thrive. Cavalry has backed more than 50 companies, including Forto (backed by Softbank), Bryter (backed by Tiger Global, Accel), Rekki (backed by Benchmark, Atomico), PlanRadar (backed by Insight), and Clarisights (backed by Sequoia).
Lhotse enables automated tactical procurement for medium- and large-sized companies, aiming to reduce spending and increase process efficiency. Using Lhotse, the buyer can access an automated compilation of all suppliers and previous orders, have alternative suppliers suggested from the proprietary Lhotse supplier database and automatically receive competitive offers.
The Berlin-based B2B venture was founded in 2020 by Henning Hatje, Jan Berssenbruegge, and Can Akin. Lhotse’s customer base includes large and medium-sized companies such as FUNKE Mediengruppe and KWS SAAT as well as scale-ups like the Berlin-based Unicorn Gorillas.
VOY is a law firm and tax consultancy for founders and investors creating a digital client experience that focuses on additional value with direct and uncomplicated legal advice of the highest quality.