CORVEL advised Dryad Networks GmbH ("Dryad") on a Financing Round.
The start-up company Dryad is developing a large-scale IoT network mesh network for ultra-early detection of forest fires. The new system enables public and private forest owners to monitor, analyze and protect even the largest and most remote forest areas around the world. Through a network of sensors, forest fires can be detected in less than 60 minutes, even in the most remote areas.
The investors STIHL Digital, the corporate venture branch of the STIHL Group, the German energy company LEAG, the impact investor ISAR AG and the venture capital branch of ILB, Brandenburg Kapital, have granted Dryad start-up financing of EUR 1.8 million in the framework of the capital round.
CORVEL provided comprehensive legal advice to Dryad on the financing round.
Advisors Dryad Group GmbH
CORVEL LLP (Hamburg): Dr. Felix Brammer (Corporate)
Hamburg, 23 November 2020