Kinstellar has advised Localazy's founder on the approximately EUR 500,000 venture capital investment into the company by Garage Angels, 12Bullets, Lighthouse Ventures, and JIC Ventures. Hladky Legal advised Garage Angels on leading the round. Hladky Legal and, reportedly, KroupaHelan also advised the other investors.
Brno-registered Localazy is a Czech start-up developing a technology-agnostic platform for translation management, Kinstellar reported. "The transaction marks a major milestone for Localazy and highlights the growing interest in the company's innovative approach to localization."
The transaction was interesting, according to Hladky Legal, due to the "syndication between the various investors active in Moravia and, also, for the fact that 12Bullets entered the investments scene and further strengthened the start-up ecosystem JIC Ventures is developing in Brno."
The Kinstellar team was led by Partner Jan Juroska and included Senior Associate Matej Vecera.
The Hladky Legal team included Lawyers Pavla Chamulova, Michaela Vymazalova, and Jan Hladky.