HLaw advises FinTech client on $12 million convertible debt raise
The HLaw venture capital team advised a long standing client in the FinTech sector on a convertible bridge funding round raising c.$7 million as at a first close and then with commitments from investors to inject a further $5 million. The funds are to be used for working capital and so as to acquire another regulated business within an EU state. The investors were institutional venture capital funds based in various well known jurisdictions within the FinTech ecosystem.
Deal/project: CLNI raise
Date closed: January 2023
Space: Blockchain & crypto
Other lawyers and advisors: Goodwin Proctor and various other law firms advising the investors.
US $12 millionInvested