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TGS Baltic Advises Coinvest Capital on Investment in Airvolve

Lithuania
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TGS Baltic has advised Coinvest Capital on a EUR 825,000 investment in Airvolve alongside Baltic Sandbox Ventures and several accredited business angels.

Coinvest Capital is a Vilnius-based venture capital firm managing EUR 30 million in assets.

Airvolve is a Lithuanian aerospace and defense startup.

According to TGS Baltic, "this investment will be used to develop a unique tactical transport aircraft."

The TGS Baltic team included Partner Dalia Tamasauskaite-Ziliene, Associate Aurelija Gamulka, Junior Associate Viktorija Janciuraite, and Legal Assistants Inesa Grybova and Meda Stankute.

TGS Baltic did not respond to our inquiry on the matter.