SSK&W advised VC fund – CofounderZone and business angels on their coinvestment into Milluu (tech company from Romania).
Milluu is a proptech startup from Romania that creates the mobile device enabling the owner of the apartment or real estate to manage the calender of meeting with its potential tenants, signing the agreement and payment of bills and also provided to the tenant for the offers that meet his/her expectations. As a result – Milluu speeds up the process of renting the apartments. Apart from CofounderZone Milluu attracted interest from other investors: ECG, Roxa X, Growceanu, Simple Capital and Netopia Ventures.
Milluu plans to use the investment to grow its business in Romania and expand to Poland.
Our legal advisory included preparation of due diligence report and negotiations of transactional documentation. SSK&W lead the advisory team that included the local law firm – Stratulat Albulescu.
It is another deal we advised Polish VC funds on their investments into Romanian tech companies.
CofounderZone is a platform connecting experienced entrepreneurs with start-ups. The fund works closely with the Business Angels network it has created, which provides added value through an individual approach to structuring and financing transactions on the private market and uses the substantive potential, contacts and experience of its members. It includes business owners and corporate managers who want to invest their time and capital in developing, innovative companies.
SSK&W provides services to VC funds when investing in technology companies (as part of pre-seed and seed rounds and subsequent rounds, including preIPO), as well as when exiting the investment.
