Raue advised Turin-based technology start-up Tau ACT GmbH („Tau“) on an extension of its Series A financing round to raise a further 10.25 million euros. Investment company Finindus N.V., founded by the international steel group ArcelorMittal S.A. and the Flemish Region, joined Tau as a new investor. In addition, various existing shareholders, including the German specialty chemicals company ALTANA, took the opportunity for further investments. Raue had already comprehensively advised Tau in its Series A financing round in 2020 and in February 2021.
Raue advised Tau on all corporate and tax issues related to the financing round.
Focused on applications for automotive, energy and agriculture, Tau makes protective coatings for copper, aluminum and steel wire more durable, resistant and light. Tau’s proprietary DryCycle and LILIT technologies meet the demands of electrical automotive engineering for ever smaller, lighter and yet more powerful and reliable electric motors. DryCycle technology offers higher performance, greater sustainability and stronger reliability in wire enameling. By using only solvent-free polymers, DryCycle reduces the production of harmful VOC during the coating process and lowers carbon dioxide emissions. Tau has offices in Turin (Italy), Moscow (Russia) and Berlin (Germany).
(18 August 2021)