NEON advises Earlybird on € 30 million financing round of MAYD

28 January 2022 | NEON has advised Earlybird Venture Capital on the €30 million Series A financing round of Berlin-based startup MAYD.

The round, which also includes existing investors Earlybird, 468 Capital and Target Global, is led by new investor Lightspeed Venture Partners. Since October 2021, MAYD has already raised a total of €43 million and has become the leading online delivery service for pharmacy products.

Founded in April 2021 by McMakler founders Hanno Heintzenberg and Lukas Pieczonka, the Berlin-based company now offers a 30-minute delivery service for over-the-counter pharmacy products in six German cities (Berlin, Hamburg, Munich, Frankfurt am Main, Düsseldorf and Cologne) via the MAYD app.

With the planned introduction of the e-prescription in 2022, the service will also be available for prescription drugs in the future.
The company will use the fresh capital to continue its expansion in Germany and Europe.

Background:

NEON continuously advises Earlybird on investments, most recently on its investment in the software startup Remberg, the logistics startups Droiddrive and Hive and, among others, in the previous seed financing round of MAYD.