We advised Practica Capital on a EUR 1.8 million pre-seed funding round for Creem, an Estonian FinTech startup building financial infrastructure for AI-focused teams. While Practica Capital led the round, other participants included Antler, several notable angel investors, and advisors from Revolut and Crypto.com.
Making waves in the fintech industry
Creem will use the capital raised to expand its programmable finance platform and global compliance and payment capabilities. Founded less than a year ago, the startup presents itself as the ultimate financial operating system for AI-focused companies, particularly those without dedicated finance teams. While AI is rapidly unlocking new opportunities for entrepreneurs, the supporting infrastructure has yet to catch up.
Arvydas Bložė, partner at Practica Capital, commented that Creem’s infrastructure is exactly what this new wave of programmable organisations needs to operate at scale, from Day One.
Our services and client team
We advised the client throughout all stages of the transaction, including legal due diligence, and drafting and finalising the transaction documents. We also assisted with final arrangements for closing, ensuring a smooth and successful transaction.
The team was led by senior associate Vladislav Leiri, supported by partner Mirell Prosa; senior associates Kamilla Alma Vilderson and Verner Silm; associate Helery Maidlas; and assistant lawyer Ann Martina Simovart.
