VOY Advises Cavalry Ventures on Planetly Exit
A team lead by Kristian Lutz and Johannes Steinacher supported Cavalry Ventures with exiting climate-tech startup Planetly.
Planetly was acquired by OneTrust for EUR 100M. Cavalry Ventures was an early investor in Planetly.
With Planetly joining the OneTrust family, OneTrust’s 10,000+ customers will be enabled to operationalise corporate sustainability alongside their broader trust initiatives. OneTrust will also invest in maximising Planetly’s impact. Customers can expect accelerated product development, new industry-specific solutions, advanced enterprise-grade features, localised product support, and global solution availability. Together, the two companies will bring sustainability management capabilities to a broader market that can combat climate change and build trust.
About Cavalry Ventures
Founded in 2016 by a group of seasoned entrepreneurs, Cavalry Ventures is an early-stage venture capital firm in Berlin, Germany, that backs bold entrepreneurs in building a better future through technology. 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.
Cavalry is defined by its entrepreneurial DNA. The team is driven by appreciation towards entrepreneurs and their will to turn extraordinary ideas into action. 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 Cavalry 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).
Planetly is a climate tech company developing digital tools enabling companies to analyse, reduce and compensate their carbon emissions. By completely automating the process of data collection, Planetly provides real-time analyses of the carbon footprint and the required transparency and tools to reduce it. It is Planetly's declared goal to make the business world carbon neutral. Planetly was founded by Berlin serial entrepreneurs Anna Alex and Benedikt Franke in January 2020.
VOY is a law firm and tax consultancy for founders and investors creating a digital client experience that focuses on adding value with direct and uncomplicated legal advice of the highest quality.