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Hedman Partners Advises Founders of Taxify on Attracting Investments

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The Estonian Hedman Partners law firm has advised the founders of the Taxify smartphone app in drafting the financing and shareholders' agreements under which angel investors from the USA, Europe, and Asia made a USD 100,000 seed round investment into the company.

The investors included Mart Kelder, Martin Villig, and Andrus Purde, Toomas Bergmann and Finnish serial entrepreneur Mikko Silventola. The startup, which launched its service last fall, has previously received a EUR 5,000 grant from Estonian Enterprise.

Taxify is currently operating in Estonia and Latvia, and said it plans to use the new funding to expand in Eastern Europe in the near term. It offers existing cab companies an all-in-one solution – including a web-based dispatcher and fleet management systems to manage their back-end. These different cab companies are then presented to the consumer within the unified Taxify app.

Hedman Partners Partner Merlin Salvik and Associates Valter Vohma and Toomas Seppel provided the advice to the founders of Taxify.