Kinstellar Advises Eleven Ventures on Cloud Office Investment
Deal News | Nov 25, 2024 | CEE Legal Matters
Kinstellar, a prominent law firm, has provided legal advice to Eleven Ventures, an early-stage venture capital firm based in Central and Eastern Europe, on its recent investment in Cloud Office. Cloud Office, serving over 650 customers across the EMEA region, specializes as a Google Cloud Partner and boasts a strong technical team of over 60 engineers. This investment reflects Eleven Ventures' ongoing strategy to support tech-focused businesses in the region. This advisory builds on Kinstellar's previous collaboration with Eleven Ventures, notably continuing their relationship from a previous $2 million investment in Frisbo, a Romanian startup, back in 2021. The Kinstellar team involved in this transaction included Partner Nina Tsifudina, Managing Associate Georgi Kanev, Senior Associate Nikolay Gergov, and Junior Associate Simona Damyanova, underscoring their expertise in managing complex cross-border investment deals.
Sectors
- Venture Capital
- Cloud Computing
- Legal Services
Geography
- Central and Eastern Europe (CEE) – Eleven Ventures is based in Central and Eastern Europe, and the investment activities are focused within this region.
- EMEA – Cloud Office serves customers across EMEA, indicating the geographical market it primarily operates in.
Industry
- Venture Capital – Eleven Ventures is involved in venture capital activities, indicating this sector's relevance to the article.
- Cloud Computing – Cloud Office operates within the cloud computing space as a Google Cloud Partner, making this sector pertinent to the article.
- Legal Services – Kinstellar is a law firm providing legal advisory services in the investment, highlighting the relevance of the legal industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kinstellar | Legal Advisor | Company | Kinstellar is a law firm advising Eleven Ventures on their investment in Cloud Office. |
| Cloud Office | Target Company | Company | A Google Cloud Partner with over 650 customers across EMEA. |
| Nina Tsifudina | Partner | Person | Kinstellar team member involved in advising Eleven Ventures. |
| Georgi Kanev | Managing Associate | Person | Kinstellar team member involved in advising Eleven Ventures. |
| Nikolay Gergov | Senior Associate | Person | Kinstellar team member involved in advising Eleven Ventures. |
| Simona Damyanova | Junior Associate | Person | Kinstellar team member involved in advising Eleven Ventures. |