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CMS Advises Elevator Ventures on Investment in CloudCart

CMS Advises Elevator Ventures on Investment in CloudCart

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CMS has advised Raiffeisen Bank International company Elevator Ventures on leading the third round of investment in CloudCart.

Elevator Ventures focuses on growth investments in financial technology companies and enabling technologies in Central and Eastern Europe.

CloudCart is a Bulgarian e-commerce software platform, offering end-to-end solutions for small and medium enterprises growing their sales online or starting e-commerce businesses.

"The existing technology integrations and partnerships of CloudCart, combined with new collaborations with strategic market players such as Elevator Ventures, give us the real opportunity to take European e-commerce to the next level," CloudCart CEO Nikolay Iliev commented. "We have always been prepared to help businesses meet their e-commerce needs and the changes that are happening in this sector on a daily basis, bringing even more opportunities for cross-border growth for all industry stakeholders."

The ​​CMS team was led by Partner Dimitar Zwiatkow and included Senior Associate Ivan Gergov and Junior Associate Elitsa Hinova.

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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