Eterna Law has advised Alexander Chernyak — a co-founder of the Russian used cars broker CarPrice – on his investment into the Brazilian analogue service Instacarro.
CarPrice, which was launched in 2014, is an online used car broker and auctioneer headquartered in Moscow. It has branches in 15 Russian cities, including Saint Petersburg, Kazan, Nizhny Novgorod and Voronezh. Instacarro was founded in July 2015, and the service was launched in December.
FJ Labs, Lumia Capital and Tekton Ventures were co-investors of the seed round of USD 3.6 million. According to Eterna, “investment will be spent on a building the team, developing the IT-infrastructure, and opening new offices."
Eterna advised on negotiations, drafted transaction documents, and advised on regulatory requirements related to the sale of cars and on customs, currency, tax legislation, and technical regulations. The team of lawyers was led by Partner and Head of Corporate and M&A Oleh Malskyy.