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Sorainen Helps DappRadar Raise Seed Funding Led by Naspers

Sorainen Helps DappRadar Raise Seed Funding Led by Naspers

Lithuania
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Sorainen has helped DappRadar, a Lithuanian platform for discovering and analyzing blockchain-based decentralized applications, raise USD 2.33 million in seed funding from Naspers (through its Naspers Ventures division), Blockchain.com Ventures, and Angel Invest Berlin. TGS Baltic advised Naspers on the investment.

UAB Dappradar distributes and analyzes apps operating based on the decentralized blockchain technology. It will use the funds primarily for R&D.

The Sorainen team consisted of Partner Mantas Petkevicius and Senior Associates Vytautas Sabalys and Jonas Kiauleikis.

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

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