IoT smart lock company Rollock raises EUR 4 million in financing

Rollock, developing IoT smart locks, raised four million financing advised by Oehlandt & Co

Different financing options from crowd funding to domestic and international venture capital companies were analysed. The option that was actualized was a combination of a directed share issue to private investors with industrial background bringing added value to the company on one hand, and junior and senior bank debt on the other hand. In addition to this, Rollock’s existing convertible loan was rearranged.

Rollock’s press release can be found here. 

This was the second financing round where Oehlandt & Co acted as financial adviser to Rollock. December 2016.