TGS Baltic has advised Coinvest Capital on a EUR 825,000 investment in Airvolve alongside Baltic Sandbox Ventures and several accredited business angels.
Coinvest Capital is a Vilnius-based venture capital firm managing EUR 30 million in assets.
Airvolve is a Lithuanian aerospace and defense startup.
According to TGS Baltic, "this investment will be used to develop a unique tactical transport aircraft."
The TGS Baltic team included Partner Dalia Tamasauskaite-Ziliene, Associate Aurelija Gamulka, Junior Associate Viktorija Janciuraite, and Legal Assistants Inesa Grybova and Meda Stankute.
TGS Baltic did not respond to our inquiry on the matter.
