Axoflow Gains Support in USD 7 Million Funding
Deal News | Feb 03, 2025 | CEE Legal Matters
Cytowski & Partners has provided legal counsel to Axoflow, a Hungary-based company, for its USD 7 million seed series fundraising. The round featured participation from notable investors including the European Bank for Reconstruction and Development (EBRD), Credo Ventures, and E2.VC. The legal advisory for EBRD in this round was reportedly handled by Dentons. Previously, in 2023, Cytowski & Partners had also advised Axoflow on a USD 2.5 million seed round, highlighting a continued relationship between the law firm and the emerging company. The advisory team from Cytowski & Partners was led by Partner Tytus Cytowski, with support from Associates Eresi Uche, Heidi Fang, and Fabiana Morales Centurion.
Sectors
- Legal Services
- Venture Capital
- Financial Services
Geography
- Hungary – The target company, Axoflow, is based in Hungary.
Industry
- Legal Services – This industry is relevant as the article focuses on law firms providing advisory services during a seed funding round.
- Venture Capital – The involvement of Credo Ventures and E2.VC in the funding round categorizes the article within the venture capital industry.
- Financial Services – The article's focus on investment participation and funding highlights the financial services industry.
Financials
- USD 7 million – The amount raised by Axoflow in its seed series with the participation of EBRD, Credo Ventures, and E2.VC.
- USD 2.5 million – Previous seed funding amount raised by Axoflow in 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Axoflow | Target Company | Company | A Hungary-based company involved in a USD 7 million seed series funding. |
| Cytowski & Partners | Legal Advisor to Axoflow | Company | A law firm advising Axoflow on its seed series with a team led by Partner Tytus Cytowski. |
| EBRD | Investor | Company | The European Bank for Reconstruction and Development, participating as an investor in Axoflow's funding round. |
| Credo Ventures | Investor | Company | A venture capital firm participating in Axoflow's seed series funding. |
| E2.VC | Investor | Company | Another venture capital firm involved in the funding round for Axoflow. |
| Dentons | Legal Advisor to EBRD | Company | A global law firm advising EBRD during the funding process. |