International law firm Bird & Bird has advised the Munich-based company Toposens GmbH on its latest Series Pre-A financing round, led by its existing investors ALPANA Ventures from Switzerland, Basinghall Partners from the UK and a new investor SPDG Ventures from Belgium, amongst others. This brings Toposens’ total funding since 2017 to around €3.9 million.
The startup, which has developed the world’s first ultrasonic sensor with 3D functionality for automotive, robotics and industrial applications, plans to use the investment to improve its sensor technology and software, build partnerships and evaluate new use cases based on the technology. The startup works with well-known partners such as Infineon and Murata and has implemented and successfully tested the technology in a wide range of automotive, robotics and industrial projects together with customers such as BMW, Continental and Daimler.
Bird & Bird has represented Toposens GmbH for several years and the team advising on the current Series Pre-A financing round included the following lawyers: Counsel Andrea Schlote (lead), Counsel Michael Gassner, associates Marina Dolina and Kilian Hummel (all Corporate/M&A, Munich).