Sorainen has advised venture capital fund Open Circle Capital on an unspecified investment in Lithuanian marketing startup Billo. SPC Legal advised Billo on the deal.
According to Sorainen, "in the pre-seed investment round, Billo attracted almost EUR 500,000 [in] investment from Open Circle Capital, 70Ventures, and SOSV." The firm reports that "the idea behind the Billo platform is that brands post interactive content creation tasks to the user community and users receive a reward for creating authentic content on the Billo.app.”
Sorainen’s team included Partner Mantas Petkevicius and Senior Associate Vytautas Sabalys.
SPC Legal's team was led by Mindaugas Rimkus.