TGS Baltic has advised 2C Ventures and AS SmartCap on a EUR 6.1 million investment round for AIO that also saw Nordic Foodtech VC and Voima Ventures participate. Triniti reportedly advised AIO.
2C Ventures is a cleantech venture fund launched in 2024 in Estonia.
SmartCap provides cornerstone investments for private fund managers.
Nordic Foodtech VC and Voima Ventures are Finnish deeptech-focused venture capital funds.
According to TGS Baltic, AIO tech is a "research-heavy deeptech startup founded in 2022 with a mission to replace palm oil, coconut oil, and animal fats with sustainable and healthier alternatives. By introducing environmentally friendly microbial lipid products to the market, they aim to evoke a turn of mind toward more responsible production and consumption."
The TGS Baltic team Partner Kadri Kallas, Counsels Mirko Kikkamagi and Silvia Urgas, and Senior Associates Liisa Levandi and Mari Anne Rohtla.
