GLNS Rechtsanwälte Steuerberater has advised Munich-based COBY GmbH on a financing round structured as a convertible loan.

COBY is developing a screen-free, AI-powered companion for children, complemented by an app for parents. The concept is designed to provide children with a safe environment for independent interaction, while allowing parents to stay involved and set age-appropriate boundaries.

GLNS has advised COBY and its founder David since the company’s incorporation and has continued to support the team throughout its corporate and entrepreneurial development. The recently completed convertible loan financing marks another important step in the company’s development.

“We are delighted to have been working with David and COBY since the company’s incorporation and to have supported the team in this financing round. Advising young technology companies over the long term – from the initial corporate set-up and first financing rounds through to subsequent stages of growth – is a particularly rewarding part of our work,” says Dr. Stefan Bührle, Partner at GLNS.

The GLNS team was led by Dr. Stefan Bührle (Corporate / PE / Venture Capital) and included Dr. Andreas Scheidle (Tax) and Katharina Feraric (Corporate / PE / Venture Capital).

GLNS regularly advises founders, startups and investors on venture capital and private equity transactions. Its advice spans the entire company lifecycle, from incorporation and initial financing rounds to growth financings, later-stage transactions and exits.