Raue LLP advises ByeBuy Global Operations GmbH on a seed financing round. Commerzbank subsidiary main incubator as lead investor, Global Founders Capital, KRW Schindler Investments, Seedcamp and other investors together invest nearly one million euros in ByeBuy. The Berlin-based startup offers private and business customers a new financing model for technology products. ByeBuy is pursuing the idea of a “Switching Economy”, which offers the pay-as-you-go principle and gives users more freedom instead of binding them to sales contracts and long-term financing.
The US rollout of the tech startup is imminent.