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TGS Baltic advised CoInvest Capital on its investment into Funkciniai Gėrimai

13.12.2021 TGS Baltic advised CoInvest Capital on its investment into Funkciniai Gėrimai

TGS Baltic advised the venture capital fund CoInvest Capital on its second investment into Lithuanian start-up, Funkciniai gėrimai. Together with seven business angels, CoInvest Capital invested EUR 600 000 EUR.

Vikonda Group also contributed to the transaction as a strategic investor.

Funkciniai gėrimai produces a new fashionable soft drink kombucha - “Ohm!Bucha”, a non-alcoholic fermented tea-based drink. The investment will contribute to further development, research of the product (involving experts at the University of Dortmund, Germany) and its introduction to the Central and Western Europe and Scandinavia markets.

Dalia Tamašauskaitė-Žilienė and Julija Skardžiūtė advised the client on all investment-related legal issues.

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