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XTEND and JFB announce definitive USD 1.5 billion merger agreement
Sorainen is assisting XTEND – a technology company that develops AI‑assisted tactical unmanned aerial systems (UAS) – with Latvian and Estonian law aspects related to the merger between JFB Constructions (USA) and XTEND (Israel). The merger has the aim of creating an autonomous defence and security systems company, combining an AI-driven robotic operating system with […]
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Accelerating AI‑driven decision‑making in defence with a EUR 7.2 million seed investment
We advised the Ukrainian–Estonian startup Farsight Vision on its successful EUR 7.2 million seed round. The round was led by public safety technology leader Axon Enterprise, together with SmartCap, and joined by leading European defence investors. Modernising global defence robotics and warfare capabilities The funds raised in the seed round will be used to automate […]
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Noteworthy change of ownership within the Estonian car trade industry
We advised Adole Invest, one of the largest automotive groups in Estonia, on selling three companies to TKM Grupp. As a result of this deal, there will be a change of ownership for Rohe Auto, SKO Motors, and a real estate holding company to be established prior to completion of the transaction. Rohe Auto and […]
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Lead health-tech investor backs EUR 2.8 million round
We advised Verge HealthTech Fund on leading a EUR-2.8-million funding round for the UK-Estonian startup Lifeyear. The investment will support the launch of Lifeyear’s remote patient management platform, delivering at-home digital cardiovascular care at selected UK hospitals, GP practices and virtual wards. “Lifeyear’s combination of clinical rigour and scalable technology makes it stand out. As […]
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UK fintech company expands into Poland with EUR 13 million acquisition
We advised UK banking startup Fiinu on its proposed reverse takeover acquisition of Everfex, a fast-growing foreign exchange (FX) brokerage. The deal is valued at up to EUR 13 million. Although reverse takeovers aren’t the most common way to acquire a company, they can be a great strategic option for smaller or fast-growing private companies. […]