TGS Baltic advised KŪB Koinvesticinis fondas on investing in UAB Funkciniai gėrimai

05.06.2020 TGS Baltic advised KŪB Koinvesticinis fondas on investing in UAB Funkciniai gėrimai

TGS Baltic advised venture capital fund Koinvesticinis fondas and 4 other business angels on investing EUR 210,000 in the Lithuanian start-up, Funkciniai gėrimai.

The investment was made into a company which produces a new fashionable soft drink kombucha, which is a non-alcoholic fermented tea-based drink. Although kombucha is not widely known in Lithuania, but the demand for the product is expected to grow as it reflects a healthy lifestyle and represents an alternative to common lemonades.  

The investment will contribute to further development, research of the product (involving both Lithuanian and US experts) and its introduction to the local and European markets. Kombucha under the brand name “Ohm!Bucha” is developed by entrepreneurs Robertas Kupstas and Rokas Šliupas.

TGS Baltic Partner, Head of Transactions and Real Estate specialisation group Dalia Tamašauskaitė-Žilienė, Associate Julija Skardžiūtė and Legal Assistant Evelina Vaišvilaitė advised the client on all investment-related legal issues.