TGS Baltic advised Koinvesticinis fondas on more than one-third-million-euro investment

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TGS Baltic advised KŪB Koinvesticinis fondas on investments exceeding EUR 300,000 in a successful start-up, Millo Appliances. Koinvesticinis fondas with other business companies and business angels overall invested more than EUR 450,000.

Dalia Tamašauskaitė-Žilienė, Partner at TGS Baltic, and Andrius Voska, Associate at TGS Baltic, advised and represented Koinvesticinis fondas in negotiations with other investors regarding investments and the shareholders’ agreement, drafted agreements between investors.

Investments in the successful start-up were made not only by Koinvesticinis fondas, which provided the largest financial injection for business (more than EUR 300 000), but also by business companies and business angels: Vladas Lašas; Andrius and Tomas Šlimai, founders of company Oberlo; UAB Airos kapitalas; Per Moller, an entrepreneur and investor; Concern SBA, etc.

KŪB Koinvesticinis fondas is controlled by UAB Kofinansavimas, is a subsidiary of Invega, established in order to implement the venture capital investment measures. Koinvesticinis fondas seeks to develop the Lithuanian venture capital market, to contribute to the promotion of activities of new participants in the venture capital market, making capital more available to young and promising Lithuanian enterprises.