Our Corporate and M&A team have represented Eneba.com in receiving investment from United Kingdom-based venture capital fund InReach Ventures. Our and Orrick legal teams have joined forces and provided Eneba.com with full comfort while receiving the biggest seed investment in Lithuanian history.
Taking into consideration that the founders of Eneba.com leaned on our assistance since the beginning of their activities, the opportunity to counsel them on achieving such a historical step in the Lithuanian M&A market was truly rewarding.
According to the founders, the received investment will allow Eneba.com to expand their activities and strengthen their position in the video gaming market, evaluated for approx. 138 billion USD.
InReach Ventures is well known for thoroughly selecting the most prospective startup companies in Europe, therefore its attention to the Eneba.com project is significant recognition for the startup itself as well as for the region, attitude towards which from foreign investors is still very cautious.