DLA Piper has advised Elevator Ventures, the venture capital arm of Raiffeisen Bank International (RBI), on a Series A extension investment in Berlin-based AgriTech startup Klim GmbH. EV II is a fund backed by RBI, Raiffeisen-Holding Niederösterreich-Wien, and Raiffeisen-Landesbank Steiermark to elevate the growth of fintech and beyond banking solutions in Series A and Series B rounds, with an initial ticket size between EUR1 to 3 million. The fund focuses on investments in startups within the DACH (Germany, Austria, Switzerland) and Central and Eastern Europe (CEE) regions.
The investment marks a strategic move for EV II, underscoring its commitment to support innovative solutions in the AgriTech space that contribute to sustainable and climate-positive agriculture in Europe.
Klim GmbH has developed a platform that empowers farmers to transition to regenerative agriculture by providing knowledge resources, peer networking, and financial support. Klim’s mission is to accelerate the adoption of regenerative farming practices, which offer significant potential to combat climate change. By implementing techniques such as cover cropping, intercropping, extended crop rotation, agroforestry systems, and reduced soil tillage, regenerative agriculture enables the agricultural sector to actively capture CO2 in soils while reducing emissions.
DLA Piper’s team advising on the transaction was led by partner Dr Moritz von Hesberg and senior associate Rune Jelte Weltz (both Corporate/M&A, Hamburg).
Also involved were partners Verena Grentzenberg (Data Protection, Hamburg) Michael Cieslarczyk (Energy, Dusseldorf), senior associate David Schele (Data Protection, Hamburg) and associate Niklas Cöln (Energy, Cologne).
