8.7.2024

Bionto EUR 4 million seed equity funding

We advised Bionto Oy, a company offering industrial bio-solutions, in a financing arrangement where Korpi Capital made a EUR 4 million seed equity investment in the company. The execution of the investment requires that certain conditions specified in the investment documentation are met.

Bionto is a Finnish early-stage biotechnology company that develops and produces sustainable, profitable and safe biotechnological solutions to support the green transition, business objectives and societal goals of various industrial operators.

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We advised Speechly, a Helsinki-based spoken language understanding company, on the company’s admission to Y Combinator’s accelerator program and the related corporate and tax matters. We advised Speechly on the rearranging of its existing capital structure into a US holding company by executing a so-called Delaware flip arrangement practically in a tax neutral manner. We also advised on tax and corporate structuring and agreements in relation to the rearrangement and Y Combinator’s investment process. Speechly, founded in 2016, provides accurate real-time Automatic Speech Recognition (ASR) and Natural Language Understanding (NLU) tools and APIs. In 2021, the Finnish news media Talouselämä selected the software company as one of the ten most promising Finnish startups. The company’s previous investors include international venture capital funds such as Cherry Ventures, Seedcamp, Quantum Angels, Joyance Partners, Social Starts and Tiny.vc. Based in Silicon Valley, Y Combinator is a startup fund and one of the world’s leading technology startup accelerator programs. Every six months Y Combinator invests in a group of promising international startups that are admitted to its accelerator program out of over 10,000 applicants. Y Combinator’s investment portfolio includes companies such as Stripe, Airbnb, Dropbox, Doordash and Reddit. 
Case published 13.9.2022
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Case published 4.3.2022
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