Filip & Company has advised Fondul Proprietatea on the sale of its minority shareholding in Engie Romania in a transaction exceeding EUR 86 million. Bondoc si Asociatii reportedly advised Engie.

Turunc has advised Bogazici Ventures on its investment in the Frozen Pawn Games indie gaming company.

Djingov Gouginski Kyutchukov & Velichkov has advised Nasekomo on the closing of its EUR 8 million Series A equity investment round led by Invenio Partners. DGKV also advised Invenio Partners on the deal.

Sayenko Kharenko has advised Viseven on an investment from Horizon Capital. Avellum advised Horizon.

The Aksan Law Firm has advised the Turkiye Kalkinma Fonu on the establishment of the TUBITAK Bigg Fund with anchor investor TUBITAK – the Scientific and Technological Research Council of Turkiye.

Early-stage startups often face a significant challenge due to their very limited runway – as usually they burn money faster than they are able to acquire funding – which makes external capital crucial for sustainability. From the perspective of potential investors determining the worth of these startups is a key factor in deciding whether to invest or not into the specific project which is complex and time consuming, a luxury startups often lack.