NOOR advised the founders of Ovoko on raising a €20 million investment

NOOR team advised the Ovoko Founders in raising a €20 million investment in Ovoko!

Ovoko, the online used car marketplace, also operating under the brand RRR, has raised a new €20 million Phase B venture capital investment. This is the largest investment in the Lithuanian start-up ecosystem this year.

NOOR advised the founders of Ovoko on all stages of the transaction, from drafting the letter of intent and preparing for investor due diligence to reviewing and finalising the transaction documents. The team consisted of Associate Partner Audrius Slažinskas, Counsel Donatas Zdanavičius and Partner Andrius Iškauskas.

“I would like to once again sincerely thank the Founders of Ovoko for their trust and for the opportunity to work on this transaction together with the entire dream team on the Founders’ side. It was an honour and very exciting!” – Audrius Slažinskas, Associate Partner of NOOR, is delighted.

We are proud to have contributed to this important transaction and wish Ovoko the best of luck in growing to a unicorn.