25 05 2016

XAnge acquires a minority stake in Sensorberg GmbH

Jones Day has advised Venture Capital fund XAnge in its acquisition of a minority stake in Sensorberg GmbH.


Sensorberg starts what is sure to be a successful year by closing a new investment round in the seven-digits. This fresh influx of capital will help Sensorberg to expand internationally over the next months, doubling the size of its team and accelerating the development of its solution. Sensorberg supports companies in digitalizing their business models and in automating industrial as well as non-industrial workflows and capturing the huge potential which proximity technology presents. Sensorberg, the market leader in beacon-based-software was founded in 2013 by Alexander Oelling. Currently, Sensorberg is active in five counties with more than 710 projects underway, many in pilot phases, has more than 62,000 beacons under management and has a total reachable user-base of approximately 12 million app users. A strong upward trend continues. Jones Day has advised XAnge in its acquisition with a team led by Munich partner Martin Kock. Involved fees earner: Martin Kock - Jones Day;

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