Motieka & Audzevicius has advised 70 Ventures, UAB on the establishment of the 70 Ventures Accel and 70 Ventures Seed private equity funds. 70 Ventures, UAB was selected by INVEGA as the manager of the accelerator funds, which will provide training and investment for innovative start-ups.
The pre-seed fund 70 Ventures Accel consists of EUR 4.8 million of public sector funds, whereas the estimated size of the seed fund 70 Ventures Seed has EUR 3.2 million, 2/3 of which is public sector investments, with the remaining part consisting of private investor funding.
The Motieka & Audzevicius team was led by Senior Associate Sigita Adomaityte and included Associates Rokas Jankus and Aivaras Grigas.
