DLA Piper has advised Borzo on its USD 35 million Series C investment round. Bryan Cave Leighton Paisner advised one of the investors in the round – Emirati investment company Mubadala.
According to DLA Piper, the round saw, aside from Mubadala, Swedish investment company VNV Global, the Russian Direct Investment Fund, and other investors invest in the company. The new funds will be used to support a global rebranding campaign as well as foster further product development.
Borzo, formerly known as Dostavista, is a global crowdsourced same-day delivery marketplace. Founded in 2012, it enables intracity same-day delivery of parcels of any weight and size. The company has a customer base of 2 million users, with 75% being small and medium-sized businesses, according to DLA Piper.
The DLA Piper team was led by Partner Leo Batalov, assisted by Legal Director Andrei Sheetkin and Associate Alexandra Braterskaya.
The BCLP team was led by Partner Anton Panchenkov and Counsel Alexey Koshelev.
