Law firm Hedman Partners has advised Estonian startup OYE Network, a developer of warren.io, on securing a $1,4 million seed round of financing led by London-based early-stage venture capital fund Passion Capital.
Hedman Partners drew up documentation necessary for the successful completion of the investment transaction and regulation of relations among shareholders.
Warren is a complete self-service cloud platform for regional infrastructure service providers to collectively deliver a unified cloud experience and compete with large public clouds.
Passion Capital is a UK-based investment fund that has funded 76 early-stage tech startups, backing over 100 founders who have grown their teams to include over 1000 team members since 2011.
Lemonade Stand, an angel investment fund that has made a strong entrance into the VC & private equity space in Estonia, also participated in the investment round.