Hedman advised Leil Storage on a €1.5M seed funding to make hyperscale storage infrastructure more accessible 

Leil Storage, a specialist data storage infrastructure software company, has raised €1.5 million in seed funding to help organisations store enormous datasets more cost-effectively and with lower energy use. 

Leil builds software that makes high-density shingled magnetic recording (SMR) hard drives practical at enterprise scale. 

Hedman advised the client in the process of raising the investment, including negotiations with the investors, drafting the investment and shareholders’ agreement and finalizing the fundraise in the Commercial Register and continues to advise on the fulfilment of the post-closing obligations.

The round was led by Karma Ventures and supported by an investment from SpecialistVC.

The client was advised by Associate Partner Kati Pino.