19
Fri, Jul
42 New Articles

Sorainen Advises Open Circle Capital on Investment in Lithuanian Marketing Startup Whatagraph

Sorainen Advises Open Circle Capital on Investment in Lithuanian Marketing Startup Whatagraph

Lithuania
Typography

Sorainen has advised venture capital fund Open Circle Capital on its investment of EUR 300,000 in the Whatagraph platform.

Another EUR 300,000 was invested by the founders, brothers Justas, Tomas, and Andrius Malinauskas.

Open Circle Capital manages assets of more than EUR 20 million and invests in Lithuanian companies that produce products in high-tech areas. The fund aims to help local startups implement scientific ideas in the fields of ICT, robotics, and high-tech. This is the fund’s seventh investment in a Lithuanian startup.

According to Sorainen, Whatagraph is an online software platform that creates reports to support key digital marketing tools and has readymade report templates to simplify monthly reporting tasks. According to the firm, "this virtual tool helps users quickly understand complex information and, within seconds, collects graphic data visualizations from Google Analytics, Google Ads, Facebook Ads, Instagram, and other channels. The Whatagraph customer list includes names such as Heineken, The New York Times, Ogilvy and Berkshire Hathaway managed by legendary investor Warren Buffett."

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

Editor's Note: After this article was published, Glimstedt announced that it advised Whatagraph on the transaction. The firm's team consisted of Partner Andrius Ivanauskas and Senior Lawyer Mikhail Molis.

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