The Frankfurt Private Equity team advised RightNow GmbH on a $10.5 million Series A financing round. Lead Investors include the venture capitalist VR Ventures and the family office of “Schwarzwälder Bote”, which has been advised by VC investor Redstone. VR Ventures also facilitated an investment in RightNow’s bond to purchase state-guaranteed Covid 19-travel vouchers.
RightNow had previously raised $2.1 million in a first closing of the Pre-Series A, in which — amongst others — the founders of trivago invested in the company in 2019.
Founded in 2017, RightNow GmbH is considered one of the pioneers in modernizing consumer protection. The start-up, which specializes in “consumer claims purchasing,” buys claims against airlines, travel operators hotels, insurance companies and other companies from consumers and asserts the claims at its own risk. The RightNow founders Dr Torben Antretter, Phillip Eischet, and Dr Benedikt M. Quarch were recently recognized by Forbes as “30 under 30”.
The Goodwin team was led by Heiko Penndorf.