07.03.2018

Travel planning in the Instagram age: Luther advises Mapify on financing

Press Release

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Beautiful beaches, hip bars and spectacular viewpoints - the Berlin-based company Mapify has developed an app that allows users to plan individual trips and at the same time draw on the experience of others.

Background

Beautiful beaches, hip bars and spectacular viewpoints - the Berlin-based company Mapify has developed an app that allows users to plan individual trips and at the same time draw on the experience of others. The young Berlin-based company relied on the expertise of Luther Rechtsanwaltsgesellschaft for its first round of financing.

The founders of Mapify have already succeeded in starting the adventure trip: With Gunnar Froh, they won a former Airbnb manager as business angel, who supports the entrepreneurs financially and with know-how in the advisory committee. Luther accompanied the start-up on the first meters of his journey and advised the founders on the financing of the company founded at the end of 2016. The contracts were signed on 7 March.

In addition to private investors from Sweden, Hong Kong and Germany, Mapify is financially supported by the Massachusetts Institute of Technology (MIT) in the USA. A total of US$ 330,000 is thus available to the start-up company for the expansion of the travel network.

About Mapify:

The company was founded in December 2016 and is based in Berlin. Mapify is a social travel network for people who want to plan trips and share their experiences. The company's website and app have been online since November 2017. With the help of the network, users can already exchange travel experiences in more than 160 countries.

For Mapify:

Luther, Mergers and Acquisitions: Philipp Glock (Lead), Dr. Eberhard Kalbfleisch (Partner), Ema Buric (Associate),  Dominique Kurtz (Transaction Support, all Frankfurt am Main)

Luther, IP/IT: Dr. Wulf-Axel Schmidt (Partner), Clemens Wieder (Associate, both Frankfurt am Main)

Author

Prof. Dr Eberhard Kalbfleisch

Philipp Glock

Philipp Glock
Partner
Frankfurt a.M.
philipp.glock@luther-lawfirm.com
+49 69 27229 24619

Dr Wulff-Axel Schmidt

Dr Wulff-Axel Schmidt
Partner
Frankfurt a.M.
wulff-axel.schmidt@luther-lawfirm.com
+49 69 27229 27078