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DGKV Advises Nasekomo on Seed Funding Round

DGKV Advises Nasekomo on Seed Funding Round

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DGKV has advised Bulgarian start-up Nasekomo on the investment into the company of EUR 4 million from VC funds Morningside Hill and New Vision 3 backed by the Fund of Funds in Bulgaria.

According to DGKV, "Nasekomo is a company producing an alternative protein from insect for animal feed. By feeding insects with local agricultural by-products, it contributes to creating an environmentally positive local loop. Nasekomo’s proprietary robotized insect rearing technology and selective breeding programs will enable the company to produce at large scale premium insect protein meal at a competitive price to supply European markets. Since its inception, the company has secured a total of EUR 5 million funding to develop its technologies."

DGKV’s team consisted of Partner Omourtag Petkov, Senior Lawyers Ivan Punev and Rusalena Angelova, and Associates Georgi Georgiev, Sonya Stoyanova and Valery Blagoev.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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