Clifford Chance has advised ArcTern Ventures on leading a EUR 16.3 million Series A funding round for Woltair. Pierstone reportedly advised Woltair on the deal.
The round also included Westly Group and Aternus and existing investors Movens Capital, Kaya VC, and Inven.
ArcTern Ventures is a venture capital firm with a head office in Toronto and branches in Oslo and San Fransisco.
According to Clifford Chance, Woltair is a Czech online platform that “helps consumers choose and install a solution that replaces traditional energy sources with modern and clean ones. It has developed a platform that allows choosing the best RES solution for households, such as photovoltaic panels, heat pumps, and energy storage, and then connects consumers with installation and maintenance specialists.”
Clifford Chance’s team included Partner David Kolacek, Counsels Michal Jasek and Petr Sebesta, Associate Tomas Prochazka, and Junior Lawyers Martin Hrachovina, Anna Vrbikova, and Leontina Svatosova.