Vienna, 8 May 2023 – Wolf Theiss advised FinTech start-up BehaviorQuant Behavioral Finance Technologies (‘BehaviorQuant’) in a late seed funding round with investors from California and France. The capital injection represents a major step for the start-up’s future growth.
Peter Oberlechner (Partner) and Marion Schimböck (Senior Associate) acted as legal advisors to BehaviorQuant and its founders.
Michael Kienzl (Counsel) and Nikolaus Wollner (Associate) acted as legal counsel for the investors.
BehaviorQuant has developed an innovative digital web platform geared towards optimising decision-making for investment professionals by means of the systematic quantitative analysis of behavioural characteristics and risks. This makes it possible, for the first time, to objectively profile the people and teams behind financial transactions, which sets BehaviorQuant apart from other FinTechs.
The platform’s users include investors, fund and portfolio managers, asset managers, private banking houses, banking clients in the investment sector, insurance companies, regulators and other financial decision-makers.
“We are very impressed by BehaviorQuant’s innovative and novel behavioural finance technology”
Michael Kienzl, Wolf Theiss Partner, Corporate/M&A
“And we are pleased to have accompanied the start-up in this important step in its further development“
Peter Oberlechner, Wolf Theiss Partner, Real Estate
The signing of the late seed financing round took place on 25 April 2023. The “long distance” notarial act was made possible thanks to the innovative remote online notarisation platform “Notarity”.
Download Press Release in English
Download Press Release in German
FinTech start-up BehaviorQuant receives late seed investment with legal advice from Wolf Theiss
Vienna, 8 May 2023 – Wolf Theiss advised FinTech start-up BehaviorQuant Behavioral Finance Technologies (‘BehaviorQuant’) in a late seed funding round with investors from California and France. The capital injection represents a major step for the start-up’s future growth. Peter Oberlechner (Partner) and Marion Schimböck (Senior Associate) acted as legal advisors to BehaviorQuant and its […]...
CJEU: A mere breach of the GDPR does not justify a claim for damages
A claim for damages, however, is not dependent on the non-material damage incurred reaching a certain materiality The Court of the European Union (CJEU) has handed down the first decision on GDPR-damages (C-300/21). In this precedent-setting case, in which WOLF THEISS represented the respondent, the CJEU ruled on three central questions of interpretation regarding non-material […]...
NIS 2.0 – What business leaders need to know about the new EU legal framework on cybersecurity
The new Network and Information Security Directive (“NIS 2 Directive”) aims to improve resilience and response to security incidents in the public and private sectors in the EU. In its scope of application, it goes far beyond classic providers of critical infrastructure and digital services and also affects facilities in the areas of postal and […]...
The Digital Markets Act goes live
Regulation (EU) 2022/1925, The Digital Markets Act, is set to apply from 2 May 2023 Addressing digital developments and concerns regarding contestability and fairness in the digital economy, the Digital Markets Act – an ex-ante regulatory system – entered into force on 1 November 2022 and will apply from 2 May 2023. Designed to complement […]...
Female Leaders in International Arbitration: Practical Advice and Shared Perspectives
In our newest edition of Wolf Theiss Soundshot, international arbitration specialist Sofia Kovačević from Wolf Theiss Vienna is joined by two guest speakers, International Arbitration Partner from Hanotiau & Van Den Berg, Iuliana Iancu, and Deputy Counsel at the ICC International Court of Arbitration Dimitra Tsakiri. Their discussion centers around their experiences within the field […]...
Whistleblower protection in Austria – successful implementation in companies and corporations
Whistleblower protection is an important part of corporate culture, which is now also legally anchored in Austria. Whistleblowers who report misconduct or violations of the law in their company enjoy protection and support under the Whistleblower Protection Act. Businesses and corporations must now take measures to ensure whistleblowers are protected from retaliation and that their […]...
Pricing and reimbursement of medicinal products in CEE & SEE
Our Life Sciences and Healthcare Law experts have prepared a short practical guide highlighting the main elements of pricing and reimbursement (“P&R“) of medicinal products in the CEE & SEE region. The P&R guide provides insight into the national reimbursement frameworks, lays down the local rules for pricing of original, generic and biosimilar medicinal products […]...
How do market players view the European Green Bond Standard?
Q&A Video with Erste Group and RBI Green Bonds and Securitisation Series This video accompanies the previous article How do market players view the European Green Bond Standard?. Will the new Green Bond Standard proposed by the European Commission have a positive impact on the Green Bond Market? Can a price on carbon be a […]...
Wolf Theiss advises bank syndicate on granting EUR 200 million in green credit financing to NEPI Rockcastle
Bucharest, 21 April 2023 – Wolf Theiss acted as legal advisor to Erste Group Bank AG and Raiffeisen Bank S.A. in their capacity as lenders of a EUR 200 million, 5-year term, secured green loan granted to NEPI Rockcastle, Romania’s largest shopping centre investor and developer, for the purpose of financing two of its shopping […]...
New whistleblowing legislation takes effect in Hungary
Article also available in Hungarian below What does the new whistleblowing system entail? In line with Directive (EU) 2019/1937 of the European Parliament and of the Council on the protection of persons who report breaches of Union law, the Hungarian Parliament adopted a new law on complaints, whistleblowing and rules for reporting breaches, which replaces […]...
ESG in depth: (G)overnance
“Governance” includes a broad range of topics that businesses are familiar with, but the key is effective implementation of policies and procedures. In terms of ESG, governance includes topics such as: tax honesty, anti-corruption measures, sustainable management by the management board, remuneration based on sustainable business activities, whistle blowing policies and procedures, and data protection […]...
ESG in depth: (S)ocial
Sometimes eclipsed by an intense focus on (e)nvironmental topics, social factors are increasnigly scrutinised by investors and consumers. Social ESG criteria cover a wide range of issues and depend significantly on industry/sector. Effectively identifying and managing relevant social issues in your business requires an initial assessment/mapping followed by clear monitoring and mitigation procedures. Our clients […]...