Friday Lab Attracts Venture Capital Investment
OREANDA-NEWS. December 17, 2013. SORAINEN Lithuania advised Friday Lab on attracting venture capital investment. Friday Lab is a Lithuanian technology company that designed and developed Deeper Smart Fishfinder, the world’s first smart fishfinder for both amateur and professional fishermen.
This sonar is designed to explore the bottom of a water body and search for places potentially rich in fish. The apparatus can measure the water temperature and depth (up to 40 metres) and transfer information for display on a smartphone or tablet. Friday Lab recently successfully launched production of this innovative product.
SORAINEN represented the company and its shareholders in negotiations with venture capital investors and drafted the transaction documents.
In this project, the client was advised by partner Laimonas Skibarka and senior associate Mantas Petkevicius.