We advised FitSphere on raising seed-round investment from various investors

10.05.2021 We advised FitSphere on raising seed-round investment from various investors

TGS Baltic drafted the relevant transaction documents and advised the client on the whole process from negotiating the shareholders’ agreement with the lead investor to finalising the capital raising.

Our team consisted of managing partner Sander Kärson, senior associate Sergei Jegorov, and junior counsel, associate Mirko Kikkamägi.

FitSphere is a new upcoming and promising Estonian start-up developing a mobile application that encourages people to be more active. FitSphere allows its users to turn their steps and other activities into reward points and exchange them for exciting products and services; compete with friends, relatives or take on the whole of Estonia and win awesome prizes; and monitor their physical activity, set personal goals, view cutting-edge statistics, and compare their achievements with friends. FitSphere partners with many reputable partners and brands. To our knowledge, this is the first mobile application of its sort on the Estonian market.