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Private equity firm Bregal Sagemount has invested 130 million USD in the print-on-demand company Printful. With this funding, Printful has become Latvia’s first unicorn, with a valuation of over 1 billion USD. Printful was founded in 2013. Up until this point, the company has been fully bootstrapped, and it generated 200 million USD in revenue in 2020 […]
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Our team advised the venture capital fund CoInvest Capital on investing in a remote heart rate monitoring system developed by Lithuanian startup Zive. The device helps to monitor the activity of the human heart, at home or at a medical institution. In addition to CoInvest Capital, four business angels have invested in the startup. The […]
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We assisted global venture capital firms Eight Roads Ventures, Storm Ventures and Notion Capital in the largest Series A round in Lithuania and one of the largest in the Baltics to date. Eight Roads Ventures and Storm Ventures co-led a USD 30 million investment in Interactio, the leading remote interpretation platform based in Lithuania. Funding […]
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News
Sorainen has selected 22 projects that will receive pro bono legal and tax advice from us in the Shared Mission programme. These include 11 organisations from Estonia, four from both Latvia and Lithuania, and three from Belarus. The legal needs of the organisations that we will assist with include various regulatory, corporate, data protection, employment […]
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We are advising Nuvei, Canada-based payment technology company, on acquiring Simplex, a fintech startup providing fiat infrastructure to the cryptocurrency industry. The total value of the transaction is USD 250 million, and it is expected to be closed in the second half of 2021. Simplifying buying, selling and converting cryptocurrency Simplex delivers the infrastructure for users […]
