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DLA Piper Advises Jiffy on USD 28 Million Investment Round

DLA Piper Advises Jiffy on USD 28 Million Investment Round

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DLA Piper has advised London-based dark supermarket Jiffy on its USD 28 million Series A investment round.

The round was led by Denmark’s private equity firm Heartland, with US venture capital fund Flint Capital and the family office of the Bukhman brothers participating alongside existing investors Baring Vostok and LVL1, both Russian private equity firms.

According to DLA Piper, “the Series A funds will be used for expansion within London and potentially into other urban locations in the UK.” Founded in November 2020, Jiffy has cloud stores in each London borough and delivers groceries using e-bikes within a three-kilometer radius in just 15 minutes.

The DLA Piper team was led by Partner Leo Batalov and included Legal Director Andrei Sheetkin, Associate Alexandra Braterskaya, and Paralegal Alexandra Khvorostyanova.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We handle some of the largest and most complex and demanding transactions. We advise our clients in many areas of law, including: dispute resolution in Russia and abroad, International Arbitration and Litigation, M&A and Corporate, antitrust issues, criminal law, intellectual property, restructurings and insolvencies, international trade and customs, tax, real estate and construction, banking and finance, energy and natural resources, environmental and technical regulation, marine and transport law, pharmaceuticals and healthcare and others.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys, providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru


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