Dechert Advises LocalGlobe on its Investment in Libeo
Dechert advised the UK seed fund, LocalGlobe, on its investment in the French fintech company Libeo, Europe's leading business-to-business payments platform.
Following a first round of financing announced at the end of 2019, this new €4 million round led by LocalGlobe, alongside Breega Capital (Libeo's existing investor) and business angels, will enable the fintech to accelerate its growth in a crisis context that makes cash management even more crucial for companies.
Libeo enables executives, CFOs and accountants to centralize, validate and pay their supplier invoices in one click and without IBAN, a solution that simplifies the management and payment of supplier invoices for VSE-SMEs. This new funding round will enable Libeo to deploy the network of exchanges between customers and suppliers.
The Dechert team advising LocalGlobe included in Paris Anne-Charlotte Rivière, partner, and Louis Taslé d'Héliand, associate.
About Dechert
Dechert is a leading global law firm with 26 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.
