GSK Stockmann acted as Luxembourg advisor to JOKR S.à r.l., a global platform for instant retail, which is simultaneously launching operations in various cities across Europe, the United States and Latin America. JOKR is backed by HV Capital as a lead investor, together with Tiger Global Management and the SoftBank Latin America Fund, also joined by angel entrepreneurs in the on-demand delivery and retail space.
The team of GSK Stockmann, led by Dr. Philipp Mössner, advised on the negotiation of the investment terms and the shareholders’ agreement on behalf of the founders and coordinated the capital increase and share subscription of the seed investment round.
JOKR aims at creating a leading global platform for instant retail delivery at a hyper-local scale. In addition to the investors’ expertise and track record, JOKR also benefits from the vast experience of its founders and leadership team – the same seasoned entrepreneurs that created the online food ordering and delivery service foodpanda and helped steer the success of Delivery Hero.
Legal advisors to JOKR S.à r.l.:
GSK Stockmann SA (Luxembourg law): Dr. Philipp Mössner (lead partner: Corporate); associates: Anna Lindner, Julie Nys (Corporate)
Legal advisors to HV Capital:
Arendt & Medernach SA (Luxembourg law): Alexander Olliges (lead partner: Corporate)