Startups
Whether you are a startup looking for solid legal footing or raising capital for your next big idea or an investor interested in new startup ventures, we can craft a solution to precisely meet your needs. Having advised on more than half of the unicorn-making deals in the Baltics, our team has paramount experience in the field, and, furthermore, being fully connected across the region, can offer a suitable skill set, knowledge and experience for each individual project.
Contact us
On a mission
We care about the startup climate in our region, and so we gladly mentor startups, collaborate with accelerators as well as angel investor and venture capital associations, and connect startups with investors. To make sure that legal matters help, not hinder the birth of future unicorns, we host free legal clinics in all Baltic states on a monthly basis and contribute to the preparation of model documentation packages for startups and investors.
Experience you can count on
In the past two years, our team has advised on more than EUR 2 billion of capital raised. We served as legal advisor for all of the biggest funding rounds in the region during this period, including the record-breaking EUR 628 million round by Bolt. Having advised on more than half of the unicorn-making deals in the Baltics, we have the know-how to support you on your journey to success.
Every step of the way
We advise startup ecosystem players at every stage of their development, from advising on founder relations to raising additional capital to securing a successful exit. It is such a rewarding experience for us to play a small role in the birth of a unicorn or to advise on a well-deserved exit.
Both sides of the story
Advising investors is just as important as advising startups. We help our clients with everything from fund formation to fund investments and exits. Our clients rely on us when, for example, conducting legal and tax due diligence, as well as for support in investment transaction negotiations. Having a deep knowledge of the local startup market, we are happy to connect investors with future unicorns.
Environment that fuels growth
The Baltics is an entrepreneurial region, with there being more than one startup per 1,000 people in Estonia. Estonia has also raised the most investment per capita of any country in Europe, while, based on its stock option policy, Latvia is the most startup-friendly country in the world (ESOP), and Lithuania has the lowest profit tax in the EU. Altogether, this creates an environment that not only supports, but actually fuels growth and innovation.
We can help you with
- Investments in startups for strategic, angel and venture capital investors – structuring the transactions, performing legal and tax due diligence, drafting underlying documentation, representing clients in negotiations and assisting on any post-investment matters
- Advice for startups and founders while preparing for new investment rounds and while the process is taking place
- Investment-related legal documentation templates for venture capital investors and accelerators
- Structuring share option programs from legal and tax perspectives, preparing option agreements and option programs
- Licenses from local financial service regulatory authorities for fintech startups
- GDPR-related matters, drafting or adjusting terms and conditions and privacy policies
- Transfer, licensing and protection of intellectual property rights
Contact us
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PartnerToomas Prangli
Estonia -
Managing PartnerEva Berlaus
Latvia -
PartnerMantas Petkevičius
Lithuania -
Country Managing PartnerKiryl Apanasevich
Belarus -
CounselMirell Prosa
Estonia -
CounselLauri Liivat
Estonia -
Senior AssociateMatas Mačiulaitis
Lithuania -
Senior AssociateYuliya Sushchanka
Belarus -
Senior AssociateAgneta Rumpa
Latvia
Experience
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Fundraising
Bolt
Advising Bolt on securing nearly EUR 2 billion in investments, including the deal that made the company a unicorn and three of the biggest funding rounds in the history of the Baltics
EUR 1.7 billion -
Fundraising
Veriff
Advising Veriff on raising EUR 63 million in Series B and EUR 92 million in Series C, making the company a unicorn
EUR 155 million -
Acquisitions & Exits
Drops
Advising Language Drops on the sale of Drops to Kahoot!, in one of the five biggest exits ever in Estonia
EUR 46 million -
Investment
Bregal Sagemount
Advising Bregal on a EUR 120 million investment into Printful, making it Latvia’s first unicorn
EUR 120 million -
Acquisitions & Exits
Vista Equity Partners
Advising Vista Equity Partners on their majority investment in Pipedrive, making the Estonian-born startup a unicorn in the second-biggest exit ever in Estonia.
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Acquisitions & Exits
Shopify
Advising Shopify on its successful acquisition of the Lithuanian startup Oberlo, which was also the first successful exit by founders of a Lithuanian startup
