The Viennese business myAbility Social Enterprise GmbH has successfully concluded Austria's largest ever round of investment in the social business start-up sector. 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.
The social enterprise myAbility, which is run by three partners Gregor Demblin, Michael Aumann and Wolfgang Kowatsch, was founded back in 2014. myAbility specialises 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. 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", said Gregor Demblin, one of the company's founders.
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. "We firmly believe in the innovative approach taken by myAbility, the team's vision and the development of the markets in Germany and Switzerland", said Erik Kaas, one of the investors and Chairman Europe of the international Partners Group.
CHSH already advised myAbility in connection with the company's foundation and later on in connection with raising profit-sharing capital. The current round of investment is also an important signal toward strengthening the social business sector in Austria, which compared to the rest of Europe still has considerable growth potential.
CHSH Partner Heinrich Foglar-Deinhardstein: "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."
The team at CHSH consisted of partners Mag. Heinrich Foglar-Deinhardstein LL.M. and Dr. Benedikt Spiegelfeld, as well as attorney Mag. Jakob Hartig LL.M. and associate Mag. Florian Wünscher LL.M.