Hedman advised lead investor CommerzVentures and Speedinvest on Tuum’s €25m Series B fundraising

Hedman Law Firm advised CommerzVentures, a specialized fintech VC and prominent early-stage venture capital Speedinvest, on Tuum’s €25 million Series B funding round, an Estonian fintech offering a new and modular core banking solution.

As one of Europe’s leading fintech investors, CommerzVentures has expanded its portfolio through investments in high-growth startups across banking infrastructure, payments, digital assets, and trading. With its latest investments in Tuum, CommerzVentures is looking to back a new core banking leader.

Speedinvest is one of Europe’s most active early-stage venture capital funds, managing over €400 million in assets.

Hedman assisted the client in all stages of the investment, from negotiation and due diligence to the conclusion of the investment documents. The client was advised by a team led by Hedman senior associate Taavi Kõiv and included senior associates Kati Pino and Andres Kivi, data privacy counsel Andres Ojaver, associate Anastasia Miller, and junior associate Alex Luik.