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TGS Baltic and Glimstedt Advise on Investment in Kombucha Drink Start-Up

TGS Baltic and Glimstedt Advise on Investment in Kombucha Drink Start-Up

Lithuania
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TGS Baltic has advised venture capital fund Koinvesticinis Fondas and four other business angels on their investment of EUR 210,000 in Lithuanian start-up Funkciniai Gerimai. Cerniauskas & Partners reportedly advised Funkciniai Gerimai on the deal, while Glimstedt advised the business angels investing.

According to TGS Baltic, “the investment was made into a company which produces a new fashionable soft drink kombucha, which is a non-alcoholic fermented tea-based drink. The investment will contribute to further development, research of the product (involving both Lithuanian and US experts), and its introduction to the local and European markets. Kombucha, under the brand name Ohm!Bucha, [was] developed by entrepreneurs Robertas Kupstas and Rokas Sliupas.”

TGS Baltic’s team included Partner Dalia Tamasauskaite-Ziliene, Associate Julija Skardziute, and Legal Assistant Evelina Vaisvilaite.

Glimstedt's team included Partner Andrius Ivanauskas and Junior Associate Tautvydas Uzkuras.

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