Venture Capital & Emerging Companies

Ellex Raida provides counsel to venture capital funds, angel investors, investment syndicates and business accelerators in connection with their fundraising, governance and investments. We are experienced in structuring financing deals, conducting due diligence, preparing, reviewing and negotiating term sheets, investment and shareholders’ agreements and counselling on related matters, such as taxation, employment and intellectual property. We represent investors in all investment phases, including pre-seed, seed and Series A and are experienced in a wide range of financing structures, including straight equity, convertible notes, bridge loans etc . 
 
We advise clients in fund formation, including identifying appropriate structures, preparing, reviewing and negotiating fund terms and limited partnership agreements, advising on governance and compliance and handling relations with financial supervision authorities.
 
We understand the unique legal needs of startup companies and have adopted best practices suited to meet those needs in a pragmatic and cost-effective manner. We leverage the experience of our attorneys across all practice areas and assist emerging companies throughout their entire life cycle from company formation and founders’ agreements, early stage financings, employment, IP and tax matters, option programs and flips to eventual exits.  
 
Our aim is to keep current on best market practices and emerging industry trends. We have a long-term cooperation with Estonian Private Equity and Venture Capital Association, FinanceEstonia, Startup Estonia and other industry organizations. 
 
Participation in legislation:
Investment Funds Act
Commercial Code
Income Tax Act
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Antti Perli

Counsel

+ 372 640 7170
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Key projects in the field

We advised Fleet Complete with the acquisition of Ecofleet
Ellex Raidla team advised the Canadian based company Fleet Complete with the acquisition of Ecofleet, which is one of the most successful start-ups in Estonia.
 
Fleet Complete® is a leading global IoT provider of mission-critical fleet, asset and mobile workforce management solutions. Servicing over 400,000 subscribers and over 30,000 businesses worldwide, the company maintains key distribution partnerships with AT&T in the U.S., TELUS in Canada, Telstra in Australia, and T-Mobile in Europe. It remains one of the fastest-growing companies in North America, having won numerous awards for innovation and growth.
 
Ecofleet is an international software company that specializes in GPS-based fleet and team management solutions. Our focus is on optimizing car fleets and workflows to help our customers reduce costs and increase revenue. Ecofleet is one of the leading telematics providers in Scandinavia, the Baltic countries and Eastern Europe with presence in over 20 countries, servicing 80.000+ vehicles.
 
The Ellex Raidla team in Estonia included Partner Sven Papp, Counsels Jaanus Ikla, Antti Perli, Mari Must, Senior Associates Gerda Liik, Reet Saks and Associate Merlin Liis.
 
For more information, please click HERE.
Ellex Raidla advised Jobbatical to raise $4 million in Series A round led by Mistletoe Inc
On September 28th, 2017 a recruitment platform Jobbatical announced it closed a $4 million series A round led by Japan-based Mistletoe Inc, with participation from Union Square Ventures (U.S.), AirTree Ventures (Australia), and Tera Ventures (Estonia).
 
Ellex Raidla team, led by Antti Perli, acted as Jobbatical’s legal advisor in the transaction.