Sorainen advised venture capital fund Open Circle Capital on investing in fast growing ad exchange startup SixAds created for webstores.
Open Circle Capital is interested in technology companies in the fields of ICT, robotics and high-tech. SixAds demonstrates a fast growing number of customers and revenue, along with global ambitions, all of which are in line with Open Circle Capital’s investment approach.
Currently, about 7,000 online stores are using SixAds, most of them from the USA, but in the near future the plan is to expand to other markets such as Canada and the UK. The EUR 170,000 investment will be devoted to this expansion.
Sorainen assisted Open Circle Capital on all investment-related issues. The team was led by partner Mantas Petkevièius with associate Vytautas Sabalys.
