Type: News Releases
MUNICH (10 January 2017) – Reed Smith comprehensively advised Michelin Travel Partner S.A.S, the subsidiary of tyre manufacturer Michelin, on its series C financing round into Berlin startup Campanda GmbH. Campanda offers an online booking site for Recreational Vehicles (motorhomes, caravans and campervans).
Michelin Travel Partner was the lead investor and previous backers joint the investment, including Accel, idinvest, Le Peigné, Ringier Digital Ventures, b-to-v Partners, and Atlantic Labs. The total investment amounted to EUR 17 million.
Campanda plans to use the new capital to expand the current team of 45 employees, to enter new geographical markets, and to increase the supply side which currently sits at 26,258 vehicles.
Advisor Michelin Travel Partner
Reed Smith: Constantin Conrads (lead, partner, corporate and VC), Thomas Gierath (partner, tax), Dr. Thomas Fischl (counsel, IT/E&M), Rita Novak (associate, corporate and VC) all Munich
About Reed Smith
Reed Smith is a global relationship law firm with more than 1,700 lawyers in 26 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses, from Fortune 100 corporations to mid-market and emerging enterprises. Its lawyers provide litigation and other dispute-resolution services in multi-jurisdictional and other high-stakes matters; deliver regulatory counsel; and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising, entertainment and media, shipping and transport, energy and natural resources, real estate, manufacturing, technology, and education. For more information, visit reedsmith.com.
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