We advised venture capital fund Open Circle Capital on investing in the AI technology startup Perfection42. In the early-stage funding round, the Lithuanian startup raised more than EUR 1 million.
In this round, other investors in the company were the venture capital fund CoInvest Capital, the LitBAN business angel syndicate and private investors.
Since its establishment in 2018, a Lithuanian startup has been working towards creating an AI-powered alternative to the widely-known image editing software, Photoshop. The team has developed a technology that automates different stages of graphics creation, streamlining the time-consuming process of creating computer graphics. The company plans to allocate the received investments to enhance its technology, increase marketing efforts, and expand sales operations in foreign markets.
Our team and services
We assisted the client in negotiating the investment and other documentation. Our team consisted of partner Mantas Petkevičius and senior associate Matas Mačiulaitis.