TGS Baltic advised OTB Ventures, Europe’s largest VC firm focused on tech start-ups, on its investment into Ondato

31.12.2020 TGS Baltic advised OTB Ventures, Europe’s largest VC firm focused on tech start-ups, on its investment into Ondato

We advised OTB Ventures, Europe’s largest venture capital (VC) firm focused on tech start-ups with a strong footprint in Central and Eastern Europe, with regard to an investment into Ondato, a digital and biometric authentication company.

Ondato has over 150 clients across 24 countries ranging from gig economy startups to major corporate banks. With the nearly USD 2 million that the company secured from Startup Wise Guys and OTB Ventures, Ondato intends to expand its product development at the R&D hub in Lithuania. Also, it wants to expand its footprint in Europe to achieve further growth.

Congratulations to both OTB Ventures and Ondato on the new promising partnership!

TGS Baltic partner, Head of Private Equity & Venture Capital Industry Group Aurimas Pauliukevičius, associate Julija Skardžiūtė and associate Minvydas Balčiūnas, together with Greenberg Traurig Polish  and UK teams advised the client on all legal issues related to the investment.