Hedman Partners have been chosen by B2B tech accelerator Startup Wise Guys to provide legal advice on expanding their operations to Latvia.
The investment firm was founded by Estonian private investors with a focus on investing in start-up companies with high potential in the technology sector. The investment firm has launched an accelerator program for discovering appropriate investment opportunities, the program’s six cycles have thus far yielded investments into 52 companies around the world.
Riga will be the next port of call for the leading accelerator program in the CEE region, in partnership with Lattelecom.
Maris Prii, COO of Wise Guys Investments, the investment firm behind the accelerator, said that cooperation with Hedman Partners has been very professional and useful. “We have been able to better protect the interests of the investors thanks to a legal partner who really knows their way around the startup world – thanks to Hedman Partners we’ve been able to assure the compliance of all follow-up agreements involving the companies in our portfolio with our interests,” noted Prii.
Hedman Partners’ managing partner Merlin Salvik said that daily cooperation with startups and with the Startup Wise Guys accelerator program has given the law firm an advantageous opportunity to gather vital know-how for successfully providing legal advisory services in other nearby countries as well.
“We’ve launched an international online legal resource called Hedman Lift (lift.hedman.ee) to provide top legal tips and draft document templates to startups everywhere. Hedman Lift’s popularity outside Estonia has clearly demonstrated that our advice is also needed in other countries with a booming startup ecosphere,” said Salvik.
Hedman Partners is an international law firm that focuses on commercial law, cross-border transactions and intellectual property rights. Hedman Lift (lift.hedman.ee) is an online legal resource for providing professional assistance to startups.