Osborne Clarke has advised family super app Bling on its successful USD 12 million Series A financing round.
The family tech company Bling, founded in Berlin in 2021, developed its offering from a pocket money card and associated app into a holistic platform for families. Starting out as an app with a payment card that gives parents full control over their child's spending, the platform now includes digital solutions in the areas of payment, investment and mobile communications for the whole family. The latest addition in February 2024: the family-friendly mobile phone tariff Bling Mobile in collaboration with Deutsche Telekom. Less than two years after its market launch, Bling has 150,000 revenue-relevant family members on the platform.
The company has now successfully completed its Series A financing round: Led by US investor Owl Ventures, existing investors PEAK and Angel Invest as well as the Frankfurt-based venture arm of Commerzbank Group Neosfer are investing a total of USD 12 million in Bling.
The start-up intends to use the additional capital to further expand its pioneering role and further improve and supplement its offering, including the expansion of its B2B2C platform.
The Osborne Clarke team that advised Bling under the lead of Dana Alpar and Robin Eyben (Partner responsibility), consisted of Giovanni Alexandrov (all Corporate / Venture Capital), Ann-Kristin Lochmann, Friedrich Matzen (both Tax) and Asil Buruncayir (Employment).
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