Germany: Orrick Advises Northzone In Outfittery Investment
Last Updated: 15 April 2015

Berlin, Düsseldorf – Orrick advised Scandinavian investor Northzone during its first direct investment in Germany. Northzone acting as lead investor recently invested in the Berlin based startup Outfittery as part of a financing round.

Outfittery was founded by Anna Alex and Julia Bösch in 2012. Under its curated shop model, Outfittery sends out boxes with clothes and fashion accessories to its male customers, which have been prepared by professional stylists according to the customer's personal preferences and fit. Outfittery is already operating successfully in several European countries. Hence the new funds will be invested in the further European expansion. 

In an interview, Northzone Partner Hans Otterling explained that "The two founders convinced us with the extraordinary growth of the company during the past two years". Northzone is an investment fund focusing on technology companies for growth investments. Northzone globally holds shares in over 80 different technology companies such as, among others, the music streaming service Spotify and the international online job search StepStone through a previous investment.

Orrick is globally very involved in the technology companies and venture capital investors sectors. In particular the Orrick team in Berlin advises numerous founders and startups as well as various investors on company incorporation, financing rounds and any strategic or legal issues relating to the business growth of an enterprise.

The Orrick transaction team included Dr. Albrecht von Breitenbuch (lead counsel, Partner Corporate/Venture Capital, Berlin), Dr. Christian Schroder (Partner IP/IT, Dusseldorf) and Dr. Katharina von Rosenstiel (Senior Associate Employment, Berlin).

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