TGS Baltic advised the venture capital fund OTB Ventures as the lead investor in Fractory’s 7.5 MEUR Series A round

09.09.2021 TGS Baltic advised the venture capital fund OTB Ventures as the lead investor in Fractory’s 7.5 MEUR Series A round

The transaction is the first investment of the venture capital fund OTB Ventures in Estonia and is also one of the largest early-stage capital raisings in Estonia. OTB Ventures operates mainly in Central and Eastern Europe and focuses on early-stage high-tech start-ups. With the investment, the start-up Fractory, which is developing a cloud-based metal work ordering platform, plans to grow its team and enter new markets in the USA, France, and Italy.

Existing investors Trind Ventures, Superhero Capital, United Angels VC, Startup Wise Guys, and Verve Ventures also participated in the Series A funding.

TGS Baltic advised the client on all Estonian law aspects, from conducting legal and tax due diligence until assisting the client in the finalisation of the transaction documents. Our team included partners Kadri Kallas and Helmut Pikmets, counsel, senior associate Katri Paas-Mohando, senior associates Mari-Liis Orav and Sergei Jegorov, and junior counsel, associate Mirko Kikkamägi.

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