Baker McKenzie advised elleXX universe AG ("elleXX") on its Seed Financing Round.
elleXX is an independent money media platform for women, founded by Nadine Jürgensen, Patrizia Laeri and Simone Züger. It aims to close the gap in financial wealth between women and men by bringing together content and investment. Patrizia Laeri, CEO and co-founder of elleXX said, "Women-led startups received only 2.3% of VC [venture capital] funding in 2020. This seed financing is, therefore, a ground-breaking milestone. Only when the big money flows also reach women, will their ideas and products benefit society. Entrepreneurial courage should also be rewarded with fair conditions in the competition for investor money."
Nadine Jürgensen, COO and co-founder of elleXX said, "Baker McKenzie, as a law firm, generously supported elleXX at an important stage and assisted the team with professional excellence. Professional legal support in the seed phase is indispensable. The founders would like to thank the entire team, especially Markus Wolf for his advice."
Baker McKenzie advised elleXX on all legal aspects of the transaction.The Baker McKenzie team was led by Markus Wolf (Banking & Finance) and included Cora Schmid (Corporate) and Ansgar Schott (Regulatory).