DLA Piper advises HG Ventures on EUR118 million financing round for Ineratec
DLA Piper has advised HG Ventures, one of the investors participating in the EUR118 million funding round for Ineratec, a pioneering e-Fuel company. The funding round was led by Piva Capital with additional participation from TDK Ventures, Copec WIND Ventures, RockCreek, Emerald, Samsung Ventures as well as the increased support from current investors.
Founded in 2016, Ineratec has already implemented industrial-scale power-to-liquid plants at German sites to boost the availability of sustainable fuels and chemicals in various transportation sectors, such as aviation. The new capital will be used to accelerate the production and commercialization of e-Fuels made from recycled CO2 and renewable energy. Ineratec has already begun construction of its largest plant to date in Frankfurt and is expanding through international projects in the Netherlands and Chile.
HG Ventures is the corporate venture arm of The Heritage Group, headquartered in Indianapolis, Ind. HG Ventures supports innovation and growth across The Heritage Group by investing and partnering with innovative, high-growth companies to support a sustainable future.
The DLA Piper Corporate/Private Equity team was led by partner Simon Vogel and counsel Marcel Nurk with associates Maria Uhlig (all Munich) and Damian Merks (Frankfurt).
