We are pleased to have supported Change Ventures with their investment in EngyCELL, a Latvian-based provider of personalised energy storage solutions.
About the case
EngyCELL offers personalised energy storage solutions that help users reduce energy costs, gain energy independence and participate in the energy market.
Change Ventures, a leading Baltic venture capital fund, has invested through its Fund III, acquiring a 7.47% stake in EngyCELL.
“We are happy to see successful start-up founders building new businesses in a sector that’s as important as energy, after the successful exits of their previous businesses, and to be receiving support from one of the best-known Baltic VC funds, Change Ventures. I advise you to keep an eye on this strong startup team, with Egija Gailuma at the helm!” – says Sorainen partner Ramona Miglāne.
Our team and involvement
We assisted with all investment-related matters, including preparing and negotiating investment-related agreements and corporate documents; providing guidance on the registration of corporate changes; and assisting with IP, tax, and employment-related matters.
Our team consisted of partners Ramona Miglāne, Ieva Andersone and Aija Lasmane, senior associates Santa Prauliņa, Māris Simulis, Zane Paeglīte, Zanda Frišfelde and Edgars Hercenbergs, and associates Lūcija Strauta and Alise Igale.
We are delighted to support promising startups shaping the future of energy!
