Latham & Watkins has advised venture capital firm TQ Ventures as lead investor on an oversubscribed US$80 million Series C funding round of Distribusion Technologies GmbH, with super pro rata participation from existing investor Lightrock.
Distribusion is the leading technology company building digital infrastructure for ground transportation retailing worldwide. Ground transportation spans all scheduled mass transport from bus, rail, and ferry, to public transport. The Berlin-headquartered company operates with a presence in 70 markets, with the majority outside Europe. Distribusion’s platform connects major travel retailers like Google, Alipay, and Booking.com with carriers including Deutsche Bahn, SNCF, Trenitalia, National Express, and Amtrak. The company will use the funds to drive further global expansion and to broaden its leading suite of technology solutions for partners.
The Latham team was led by London corporate partner Mike Turner and Frankfurt corporate partner Markus Krüger, with associate Adrian Pandza. Advice was also provided on IP matters by Frankfurt partner Susan Kempe-Mueller, with associate Daniela Jaeger; and on data privacy matters by associate Clemens Ganz.
Advice on Brazilian matters was provided by Mattos Filho.
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