Rentsch Legal assisted foreign investors to facilitate global success of Czech startup Codasip
Our law firm provided its services in a transaction that rightly attracted the attention of Czech and world media. Czech hardware startup Codasip, which is involved in the development of processors for the Internet of Things, has earned a USD 10 million investment.
The final part of the Series A investment round was preceded by due diligence in the target company and accompanied by the negotiation and preparation of the transaction documentation. The newly entering investors were foreign venture capital funds Ventech and Paua Ventures. Our team provided our clients with support in connection with the purchase of shares from the existing shareholders, and subsequently, when the Czech company itself was being contributed into a new German holding.
Further international investors participated in an additional USD 10 million investment round, i.e. Chinese venture capital fund Shenzhen Capital Group and Western Digital, a leading data warehouse maker.