Milbank LLP advised the global growth equity investor General Atlantic on its investment in AnyDesk as part of AnyDesk’s €60m ($70m) Series C financing round. The funding is a combination of primary and secondary investments led by General Atlantic. Existing investors Insight Partners, EQT Ventures and Possible Ventures also participated in the round.
With this investment, AnyDesk’s current valuation reaches €600 million (ca. $650 million). The funds will help to further accelerate AnyDesk’s growth as the company develops new products and scales its team. As a new strategic partner General Atlantic will support AnyDesk as the company expands into new markets globally.
AnyDesk is one of the world’s leading providers of remote desktop software. Based in Stuttgart, the company developed a proprietary software solution that provides users with secure remote access and delivers remote support on any device running across all major operating systems. AnyDesk capitalized on the accelerated shift to a hybrid working environment and expects to pass the milestone of 500 million downloads in December 2021.
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. General Atlantic combines a collaborative global approach, sector-specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with entrepreneurs and management teams to scale innovative businesses around the world.
The Milbank team was led by partner Sebastian Heim (Corporate/M&A, Munich) and included partners Matthias Schell (Tax, Munich) and Alexander Rinne (Antitrust, Munich) as well as the associates Andreas Rief (Corporate/M&A, Frankfurt) and Maximilian Pechtl (Corporate/M&A, Munich).
