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Fort Advises ZGI-3 on Largest Latvian FinTech Investment in 2016

Fort Advises ZGI-3 on Largest Latvian FinTech Investment in 2016

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Fort's Riga office has advised the venture capital fund ZGI-3 on its EUR 700,000 investment in Mobilly, a payment service provider in Latvia, which the firm describes as the largest FinTech investment of the year in the country.

Mobilly announced on October 21, 2016, that it succeeded in attracting large scale investment of EUR 1.1 million, including the EUR 700,000 from ZGI-3.

Fort reports that it "advised venture capital fund ZGI-3 in all phases of the transaction, including conducting due diligence, as well as drafting and negotiating all the investment documents."

The Fort team was led by Associate Partner Ramona Miglane in Latvia and included Partner Ieva Judinska-Bandeniece, Associated Partner Uldis Judinskis, and Senior Associate Edgars Turlajs.

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