BERLIN – Jan. 28, 2025 – Global law firm Greenberg Traurig advised OTB Ventures in its role as lead investor in the Series A financing round of the Berlin startup Apheris AI.
The US$ 8.25 million financing round was led by OTB Ventures together with eCAPITAL and included existing investors Octopus Ventures and Heal Capital. Apheris AI’s total financing increased to US$ 20.8 million.
Berlin-based startup Apheris offers AI model training and statistical analyses on distributed data sets without the sets leaving the original data owner. This ensures data protection and the preservation of data intellectual property.
OTB Ventures is a pan-European deep-tech venture capital fund specializing in Series A and late seed rounds. Its focus lies in supporting startups that pioneer unique technologies across four key verticals: enterprise AI & automation, spacetech, fintech infrastructure, and cybersecurity. Established in 2017, OTB Ventures currently manages over €350 million and has offices in Amsterdam and Warsaw.
Greenberg Traurig lawyers advised OTB Ventures on all aspects of the investment, including the legal due diligence process and the preparation and negotiation of the investment documentation.
Background:
OTB Ventures is a long-standing client of Greenberg Traurig’s Warsaw and Berlin offices. Greenberg Traurig Germany Venture Capital Partner Natalie Hsiao has advised OTB Ventures on numerous VC investments in the German market, most recently on the seed financing rounds for spacetech company Atmos Space Cargo and procure-tech startup akirolabs.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 48 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2024 BTI “Leading Edge Law Firm” for delivering on client expectations for the future and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono.