TGS Baltic advised venture capital fund NFT.VC on making an investment into FoodTech startup äio tech OÜ

10.02.2023 TGS Baltic advised venture capital fund NFT.VC on making an investment into FoodTech startup äio tech OÜ

TGS Baltic advised the client during the entire transaction, from legal due diligence of äio tech OÜ until negotiation and finalisation of the transaction documents and closing of the investment into äio tech OÜ.

Nordic Foodtech VC is venture capital fund (42 M€) investing in food technology and future of food. The Helsinki based venture capital fund operates in all Nordic and Baltic countries and has invested in 10 companies so far, of which ÄIO is their first investment in the Baltic countries.

äio tech OÜ is a company that grew out of TalTech – it was founded in 2022, and, with the help of a unique microbe, produces sustainable and edible oils and fats from side-streams of the wood and the agricultural industry. ÄIO’s international team includes 6 experts – two Brazilians and four Estonians, all possessing experience in bioprocessing, synthetic biology, and food technology.

TGS Baltic team advising NFT.VC consisted of partner Kadri Kallas and senior associates Mirko Kikkamägi, Mari-Liis Orav and Silvia Urgas.

 For more information, please refer also to:

https://paaomasijoittajat.fi/en/estonian-start-up-raised-1-me-euros-to-create-alternative-oils-and-fats-2/