September 2017

CHSH advises Speedinvest – Austria's largest venture capital fund – in connection with a joint venture

CHSH Cerha Hempel Spiegelfeld Hlawati has acted as legal advisor to the Austrian venture capital fund Speedinvest, beginning with the foundation of the joint venture right up to the acquisition by ÖBB-Holding AG of all shares in the joint venture iMobility GmbH ("iMobility").

iMobility was founded in 2015 and is the developer of the route planner "wegfinder". wegfinder is a mobile app for planning routes within Austria which uses a newly developed routing algorithm to combine various individual means of transport with public transport services. For instance, ÖBB, CAT, Westbahn, Hellö Fernbusse, Car2Go, Taxi 40100, Uber and Citybike are all integrated into the app. This app provides the user with departure times and shows on a map the available means of transport in the surrounding area that can be booked or rented. Furthermore, bookings can be made and tickets purchased via the app.

Speedinvest was advised by Dr. Sarah Wared, LL.M. (attorney, M&A/Corporate) and Alistair Heschl-Gillespie, LL.M., BSc. (associate).