Cuatrecasas advises Libelium on Axon’s acquisition of stake in its capital

Cuatrecasas advised the technology company Libelium on the acquisition of a stake in its share capital by venture capital fund manager Axon Innovation Growth IV. Libelium, an Aragonese company specializing in the Internet of Things (IoT), reached this capital increase agreement with Axon Partners Group to boost Libelium’s strategic growth project. Libelium will continue to maintain its corporate headquarters in Zaragoza and will increase its workforce by 30% in 2021.

The company, with customers in 120 countries, offers technological solutions for applications in different sectors—including precision agriculture, smart cities and industrial digitalization—and sees this capital increase as an opportunity to expand its scope of action.

The Cuatrecasas advisory team, led by counsel Ángel Modrego, was made up of Ignacio Liria and Guillermo Gimenez (Corporate and Commercial Practice), and Cristian Calvo and Eva Pérez (Tax Practice). The Roca Junyent advisory team that advised Axon was made up of Carlos Blanco and Javier Arenas.