Founding of a first business angel syndicate in Latvia
The Law Office assisted Latvian Business Angel Network to found investment vehicle “LatBAN sindikāts Nr.1” (investor syndicate) which is first of its kind in Latvia. It consists of investments from 21 business angels and will invest in a start-up until the end of 2017. We also have made due diligence of a potential candidate and will support the project until the investment is made. Date: 11.07.2017
Developing operating model for of equity-crowdfunding platform Finerium
The Law Office made a research on the most effective structure for equity crowdfunding, co-investment and deal flow management platform under Latvian law. We made sufficient research and drafted full documentation needed for operating purposes. This start-up has passed first investment round and received financing from Development Finance Institution Altum. Start-up has developed Alpha version of the platform and it expects launch to the market until the end of 2017. Date: 01.06.2017