JSK has advised Tilia Impact Ventures and Nation 1 on their investment in Dot Glasses, a provider of a radical new concept for prescription eyeglasses for people in need. The Mavericks law firm advised Dot Glasses on the deal.
Tilia Impact Ventures is the first Czech social impact fund, and Nation 1 is a Czech-based venture capital fund focused on investing in seed-stage start-ups.
DOT Glasses is a startup established to provide corrective eye glasses to those in need in the world's poorest countries. The convertible loan will enable DOT Glasses to accelerate the building of a partner and distribution network in areas with poor access to eyeglasses, to continue technological development, and to build a team. In this first investment round, DOT Glasses received almost EUR 1 million from investors.
JSK's team was led by Partner Tomas Dolezil and included Managing Associate Michal Jendzelovsky and Junior Lawyer Sebastian Speta.
The Mavericks team was led by Partner Tomas Ditrych.