TGS Baltic advised Naspers Ltd with regard to an investment into UAB Dappradar

05.09.2019 TGS Baltic advised Naspers Ltd with regard to an investment into UAB Dappradar

TGS Baltic advised Naspers Ltd, a global internet group and one of the largest technology investors in the world, with regard to an investment into UAB Dappradar, offering a platform for distribution and analysis of decentralised apps. The company raised funding in the amount of EUR 2.33 million. It is the largest investment in the Baltics raised during the seed round phase.

UAB Dappradar is intended for the distribution and analysis of apps operating based on the decentralised blockchain technology (dapps).

The key investor is the global internet group Naspers Ltd. Blockchain Ventures and the German fund “Angel Invest Berlin” also participated in the investment.

Skirmantas Januškas, CEO of UAB Dappradar, said that the raised funds would be mostly used for R&D, focusing on the development and introduction of new functions of the platform.