CHSH has advised the Viennese business myAbility Social Enterprise GmbH on its successful conclusion of Austria's largest ever round of investment in the social business start-up sector, as, according to the firm, a consortium of investors from Switzerland and Germany has provided growth capital to myAbility with a view to financing its expansion in German-speaking markets.
According to CHSH, "the social enterprise myAbility, which is run by three partners -- Gregor Demblin, Michael Aumann, and Wolfgang Kowatsch -- was founded back in 2014. myAbility specializes in helping large companies tap into the target group 'people with disabilities,' both in order to recruit new employees and to gain new customers."
"In recent years, we have systematically expanded our position as the know-how leader in the Austrian market," commented Gregor Demblin, one of myAbility's founders. "The provision of growth capital means we're well-positioned to become the market leader in the entire DACH region (Germany, Switzerland and Austria) in the next three years."
According to CHSH, "the DACH region is home to 15 million people with disabilities. myAbility aims to improve their living conditions massively in cooperation with big business: through employment and greater freedom from barriers in everyday life."
CHSH previously advised myAbility in connection with the company's foundation and later on in connection with raising profit-sharing capital. CHSH Partner Heinrich Foglar-Deinhardstein, who led the firm's team on the deal, said, "CHSH regularly offers pro bono services for important social projects and good causes such as this. We are proud to have helped courageous and idealistic entrepreneurs implement a visionary idea."
In addition to Foglar-Deinhardstein, the CHSH team consisted of Partner Benedikt Spiegelfeld, as well as Attorney Jakob Hartig and Associate Florian Wuunscher.