Bionto – EUR 4 million seed equity funding

Bionto – EUR 4 million seed equity funding

Venture capital investments are long-term undertakings that call for expertise across a wide range of fields throughout the investment lifecycle in order to achieve the best return.

Our team has long-term and extensive experience of advising our clients at all stages of the development of start-ups and growth companies in a variety of business sectors, from initial investment rounds to sales to prominent domestic or international players.

You will benefit significantly from this experience, particularly when negotiating the shareholder agreement, which is a key element in minority investments. A shareholder agreement has to lay down a clear set of rules for shareholders. It also has to provide for foreseeable future situations and changes, such as additional financing rounds and changes to the ownership structure, while also ensuring that the company can be sold or holdings otherwise liquidated in a controlled and agreed upon manner.

We have the expertise to efficiently handle all aspects of venture capital and minority investments, such as:

  • Legal due diligence reviews scaled to the size of the target company and investment and the client’s needs
  • Term sheet documentation
  • Investment and shareholder agreements
  • Corporate resolutions
  • Further financing rounds
  • Employment agreements and incentive schemes for key personnel
  • Other financing arrangements related to the target company
  • Exits

Our clients are domestic and international private equity investors, institutional investors and business angels making direct investments as well as companies and their owners seeking growth financing.

Chambers Europe, Chambers Global, Legal 500 and Best Lawyers International consistently rank our services and our lawyers among Finland’s best.

Latest references

We represented Voima Ventures in the Series A funding round of Aisti Corporation. Aisti’s EUR 29 million funding round will support the construction of its first commercial factory in Kitee, Finland, enabling the company to scale production. Other investors include Maki.vc and Valve Ventures Consortium among others. Voima Ventures is a venture capital fund investing in top scientific deep tech ventures in the Nordics and Baltics. Aisti Corporation is an acoustic tiles manufacturer with sustainability and functionality at heart. Aisti’s acoustic tiles are made from highly renewable wood fibres. With the factory in Kitee, the company plans to achieve a production capacity of 2.5 million square meters annually.
Case published 13.12.2024
We advised A. Ahlström in establishing a corporate sustainability due diligence process plan which incorporates best practices and tailored solutions based on our expertise within relevant business sectors. Our comprehensive ESG offering also included tailored training for members of the investment team and management team and the board of directors of several portfolio companies. ‘The ESG team at Castrén & Snellman provided us with legal and practical advice around the ESG regulatory tsunami that we need to incorporate in our ESG work,’ comments Camilla Sågbom, Director, Sustainability and Communications, at A. Ahlström Oy. A. Ahlström is a family-owned industrial company, developing leading global specialist positions in Forest & Fiber and Environmental technology sectors.
Case published 5.9.2024
We represented Vapaus Bikes Finland Oy, a company offering employee benefit bikes, in its international EUR 10 million Series A funding round. The investors behind the funding are private equity investors Shift4Good and Superhero Capital Ltd as well as Tesi together with the European Guarantee Fund of the European Investment Bank. The equity-based funding will support the company’s international expansion, software development, platform automation, and the growth of its concept for the second-hand market of bikes. Vapaus Bikes Finland is at the forefront of sustainable mobility services and has been a pioneer in the Employee Benefit Bikes sector since late 2020. It has been ranked among Finland’s fastest growing companies. Shift4Good is an impact venture capital fund focused on the decarbonisation of the transportation sector. Tesi (officially Finnish Industry Investment Ltd) is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies.
Case published 21.8.2024
We advised Tesi (Finnish Industry Investment Ltd) in its investment in the heavy duty vehicles company Oy Sisu Auto Ab. With this investment, Tesi became an owner in the company with a share of 24.4 per cent. Sisu Auto is a pioneer in the Nordic market in the development of heavy duty vehicles. Sisu’s core competences are in the product development and production of trucks and military vehicles. Tesi is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies. The investments managed by Tesi total 2.1 billion euros.
Case published 19.8.2024