Kinstellar and its Turkish affiliate KST Law have advised Eleven Fund III Cooperatief on its USD 1.1 million seed investment in Magfi. May Law Office advised Magfi.
Eleven Fund III Cooperatief is a multi-strategy growth fund.
Magfi is a software-as-a-service platform based in Istanbul. According to Kinstellar, it "enables seamless advertising across Telegram and Discord communities using machine learning and AI. The investment will support Magfi's planned expansion into the Brazilian market."
The Kinstellar team included Partner Edmund Emre Ozer and Associates Helin Akbulut and Hatice Nur Arslan.
The May Law Office team included Partner Melike Akan Yuksel, Senior Associate Ahmet Basaran, and Associate Zeynep Ezgi Yildiz.
