Sat, Jul
54 New Articles

Sorainen and Glimstedt Advise on Open Circle Capital Investment in Ad Exchange Start-Up

Sorainen and Glimstedt Advise on Open Circle Capital Investment in Ad Exchange Start-Up

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Sorainen has advised venture capital fund Open Circle Capital on its investment of EUR 170,000 in ad exchange startup SixAds. Glimstedt advised SixAds on the deal.

According to Sorainen, "Circle Capital is interested in technology companies in the fields of ICT, robotics, and high-tech. SixAds demonstrates a fast growing number of customers and revenue, along with global ambitions, all of which are in line with Open Circle Capital’s investment approach."

"Currently," Sorainen reports, "about 7,000 online stores are using SixAds, most of them from the USA, but in the near future the plan is to expand to other markets such as Canada and the UK. The EUR 170,000 investment will be devoted to this expansion."

The Sorainen team was led by Partner Mantas Petkevicius with Associate Vytautas Sabalys.

The Glimstedt team included Partner Andrius Ivanauskas, Senior Lawyer Michail Molis, Senior Tax Lawyer Edvard Gasperskij, Expert Giedre Rimkunaite-Manke, and Junior Lawyers Rimante Butkute and Simona Butkute.

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


Our Latest Issue