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Glimstedt Advises LitCapital on Launch of New Venture Capital Fund in Lithuania

Glimstedt Advises LitCapital on Launch of New Venture Capital Fund in Lithuania


Glimstedt has advised LitCapital on the launch of a new venture capital fund: the LcX Opportunity Fund.

According to Glimstedt, Investment and Business Guarantees (INVEGA) and LitCapital have signed an agreement to launch the  LcX Opportunity Fund to implement the financial instrument Development Fund II launched by Lithuania's Ministry of Economy to finance business development.

The Glimstedt team was composed of Partner Andrius Ivanauskas, Senior Associate Michailas Molis, and Associate Domantas Gudonis.

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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

More information on Cobalt can be found at www.cobalt.legal

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