GvW Graf von Westphalen has advised the technology company Ubimax in the successful closing of a Series B financing round. Fielmann Ventures GmbH is joining as a new investor. In addition, one of the existing investors, Westcott LLC (Dallas, Texas), is increasing its stake in Ubimax.
Ubimax is the leading provider of fully integrated industrial augmented reality (AR) solutions. Its platform “Ubimax Frontline” improves manual work processes across industries along the entire value chain on the basis of the latest wearable computing technologies. In addition to three locations in Germany, Ubimax has subsidiaries in the USA and Mexico and serves more than 400 customers worldwide.
Fielmann Ventures GmbH, a wholly owned subsidiary of Fielmann AG, was founded in 2012 in Hamburg and is responsible for the development of key technologies and sustainable business models for the future of the optical industry. Fielmann stands for fashionable eyewear at fair prices and operates almost 800 branches in 14 countries. 25 million people wear a pair of glasses from Fielmann. In Germany, every second pair of glasses is sold by the stock-listed family business.
Ubimax was advised by Titus Walek (Partner, Venture Capital/M&A), Dr. Joachim Mulch (Partner, IP), Karsten Kujath (Partner, Employment Law) and Zehnah Sino (Associate, Venture Capital/M&A).
About GvW
GvW Graf von Westphalen is a partnership of attorneys at law and tax advisors with 160 legal professionals. We are one of Germany’s largest independent law firms with our offices in Berlin, Düsseldorf, Frankfurt am Main, Hamburg and Munich.
