BaFin approves for the first time unpaid equity commitment as a Tier 2 ancillary own-fund item, creating a cash-efficient alternative to group-internal own-fund financing
17 May 2024
Accel and other co-investors have invested in AI startup Rasa Technologies, originally founded in Berlin, as part of a Series A financing round. Rasa is an open source company that enables developers to build contextual AI assistants
Hengeler Mueller advised Accel on this transaction in an integrated team together with Gunderson Dettmer (Boston). The Hengeler Mueller team included partners Jens Wenzel (Berlin), Georg A. Frowein (Frankfurt) (both M&A/Venture Capital) and Jan D. Bonhage (Public Law) as well as associates Clemens Höhn, Alexander Orlowski (both M&A/Venture Capital), Anton O. Petrov (Public Law), Jan Michael Krusche (IP/IT) (all Berlin) and Marius Mayer (Employment, Frankfurt).
