MOSTLY AI’s $25 Million Series B Financing Round

Herbst Kinsky advised Molten Ventures on the deal. YPOG advised Earlybird and 42CAP. Brandl Talos advised MOSTLY AI.

British VC Molten Ventures acted as lead investor in the USD 25 million Series B financing round of MOSTLY AI. Other investors included Earlybird and 42CAP, as well as neo investor Citi Ventures.

MOSTLY AI was founded in Austria in 2017 with the goal of revolutionizing the way businesses think about and work with data. The company uses artificial intelligence to create synthetic datasets that look as real as a company’s original customer data, reflecting behaviors and patterns with up to 99% accuracy to extract insights from data without using the original data points. In this way, MOSTLY AI enables companies to comply with data protection regulations such as GDPR and use sensitive data in cloud environments.

Molten Ventures is a venture capital firm with offices in London, Cambridge and Dublin that invests in high-growth technology companies with global ambitions. They are listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Herbst Kinsky’s team was led by Philipp Kinsky (Picture) with support from Philipp Herold, Angelika Kurz (all Corporate/VC), Anna Minihold (IP, IT, Life Science) and Christoph Ludvik (Employment Law).

The Brandl Talos team was led by Roman Rericha.

The YPOG team was led by Frederik Gärtner (Partner) and Konstantin Häfner (Transactions), Associate.

Involved fees earner: Roman Rericha – Brandl & Talos; Philipp Herold – Herbst Kinsky; Philipp Kinsky – Herbst Kinsky; Angelika Kurz – Herbst Kinsky; Christoph Ludvik – Herbst Kinsky; Frederik Gartner – YPOG; Konstantin Häfner – YPOG;

Law Firms: Brandl & Talos; Herbst Kinsky; YPOG;

Clients: 42CAP Manager GmbH; EarlyBird; Molten Ventures ; Mostly AI Solutions MP GmbH;

Federica Tiefenthaler

Author: Federica Tiefenthaler