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Vlasceanu, Nyerges & Partners Advises Axxess Capital on Investment in Brio

Vlasceanu, Nyerges & Partners Advises Axxess Capital on Investment in Brio

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Vlasceanu, Nyerges & Partners has advised Axxess Capital's Partners Horia Manda and Valentin Tabus on their EUR 550,000 investment in educational technology start-up Brio.

According to the firm, Brio's valuation has reached EUR 5.5 million, double the amount set in the previous round of funding a year and a half ago. The company also announced the opening of a new round of investments through SeedBlink.

Brio is a ​Romanian startup providing services for students, parents, educators, schools, and other institutions. The Brio Testing System is approved by the Ministry of Education and Research and offers tests based on the Romanian curriculum in Mathematics, History, Romanian, Literacy, and Digital Literacy. The platform is currently used by over 100,000 users.

The Vlasceanu, Nyerges & Partners team was led by Partner Loredana Vlasceanu.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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