GSK Stockmann advises existing investors on the HR Group’s investment in Luca

GSK Stockmann advised a group of international existing Luca investors in connection with the new investor HR Group.

The Luca app launched in 2020 as a digital contact tracing tool to help tackle the coronavirus pandemic. The company has since successfully shifted its business model towards the digitalisation of the food service industry and the Luca app has become a recognised payment app for the dining and cultural sectors. The HR Group’s investment in Luca marks the start of a strategic partnership with the aim of expanding Luca’s services in the hotel industry.

A GSK Stockmann team led by partner Katy Ritzmann advised a group of venture capital investors on the HR Group’s investment in Luca and the associated financing round. In addition to support with the negotiations regarding the investment and shareholder agreement, the team provided legal guidance on the strategic aspects of the future partnership pursued by the company. This engagement shows how the firm’s tried and tested expertise in the hospitality sector can be put to good use in the technology sector and is a good example of the excellent interdisciplinary collaboration between the various experts at GSK Stockmann.

Advisers of the existing investors:

GSK Stockmann: Katy Ritzmann (lead, venture capital), Dennis Gehnen, Clara López Hernando (both venture capital), Bernhard Laas (hospitality)

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