Ellex has advised Japanese venture capital fund Mistletoe on its investment in Lithuanian startup Bee Loop. Aliant Tarvainyte Vilys reportedly advised Bee Loop on the deal.
The value of the first stage of the investment is EUR 150,000.
According to Ellex, “Bee Loop is a Lithuanian startup, which has attracted the market’s attention with its sustainable and original product – bee honey packaging from beeswax. Bee Loop honey pot is made from the beehives wax that remains after the honey has been spun. The original packaging is organic, recyclable, renewable, edible, self-degrading, antifungal, antiviral, antibacterial, and antiseptic. 99.9% of it, excluding flax twine, is edible.”
Ellex’s team included Partner Ruta Armone, Senior Associates Aleksandr Asovskij and Edvinas Beikauskas, Junior Associate Brigita Ruibyte, and Legal Assistant Dominykas Kirsis.