Belarus's Revera has advised the US-based OWHealth startup on the USD 1 million investment the company received from the Haxus venture capital fund and Flint Capital.
Revera conducted vendor due diligence, oversaw the IP transfer, and "provided corporate support for the investment process on the founders’ behalf."
OWHealth developed The Flo app — a calculator that tracks and predicts menstrual cycles, ovulation, and fertile days. Flo, which was developed in Belarus and launched in October 2015, is available in 19 languages on iOS and Android. It was created in Minsk by Dmitry Hurskiy, Max Skrobov, and Andrew Kovzel.
The Haxus Venture Fund was co-founded at the end of October 2016 by Yuri Gurski, who previously invested in MSQRD, which was sold to Facebook in 2016.
The Revera team was led by Head of the Corporate practice Helen Mourashko and Head of IT practice Uliana Karpekina.