TGS Baltic advised LiTech on securing €500,000 investment from Estonian venture capital investors 

30.04.2023 TGS Baltic advised LiTech on securing €500,000 investment from Estonian venture capital investors 

TGS Baltic team has advised data traceability software developer LiTech OÜ on raising €500,000 in investments from several Estonian venture capital investors. TGS Baltic Senior Associates, Mirko Kikkamägi and Silvia Urgas, advised the client throughout the transaction, from negotiating and drafting transaction documents to finalizing the deal.

In addition, TGS Baltic team assisted LiTech in concluding a cooperation agreement, ensuring the creation and transfer of critical intellectual property. LiTech, an innovative Estonian start-up, offers data traceability and security solutions in various fields, serving clients such as Telia and the Estonian State Information System Authority (RIK).

The investment will accelerate LiTech's product development, facilitate entry into new markets, and enable team expansion. LiTech aims to broaden its international presence and deliver enhanced data traceability and security solutions to its customers.