Wenger Vieli has advised the lead investor Redalpine Opportunity Fund on all Swiss legal aspects on the closing of Carvolution’s series D financing round. Redalpine is a seed and early-stage venture investor.
Car subscription pioneer Carvolution has successfully closed a new financing round to further strengthen its car subscription service and accelerate its expansion in the used car market. The funds are intended to expand the startup’s core business and enables the company to facilitate the trading of used vehicles. Industry experts predict a significant market share for car subscription by 2030, as car subscriptions offer an ideal alternative to buying and leasing cars.
The Wenger Vieli team was led by partner Beat Speck (m&a / corporate, pictured left) and Kevin Wilhelm Vangehr (associate, venture capital / m&a, pictured right) and included Michael Tschudin (partner, competition), Claudia Keller (counsel, IP/IT), Regula Elisabeth Heagi (counsel, IT / data protection), Alessa Waibel (associate, financial services), Sabine Taxer (associate, employment law) and Allegra Margelisch (junior lawyer)