Sorainen advised venture capital fund Open Circle Capital on its first investment – in Lithuanian start-up Tipi. The company develops information management and communication solutions for teamwork. Open Circle Capital invested along with Silicon Valley fund Sway Ventures and a group of private investors from the USA, the UK, France, Lithuania and Singapore. Total investment amounts to EUR 350 000.
Aurelija Urbonavičiūtė, founder and head of Tipi, says that the financial injection will be devoted to further improvement of the platform and will allow for faster development. According to her, the Tipi platform is currently used by several hundred organizations in the USA, Canada, Singapore, and European countries. Among them are companies from various fields, associations, educational institutions, and even municipalities and ministries.
The Sorainen team was led by partner Mantas Petkevičius and associate Vytautas Sabalys.