Orqa Secures EUR 5.8 Million Investment Led by Lightspeed
Deal News | Dec 20, 2024 | CEE Legal Matters
Lightspeed Venture Partners has spearheaded a EUR 5.8 million seed investment round in the Croatian drone technology startup Orqa. Legal advice for Lightspeed was provided by Vukmir & Associates in collaboration with Taylor Wessing's teams based in Germany and Ireland. Additional parties involved in the transaction include Radius Capital, Decisive Point, and existing investor Day One Capital, with Orqa's counsel reportedly provided by Flynn O'Driscoll. Founded in 2017 and headquartered in Osijek, Croatia, Orqa is focused on innovating within the drone technology sector. The Vukmir & Associates legal team was led by Managing Partner Tomislav Pedisic and consisted of multiple partners and associates.
Sectors
- Drone Technology
- Venture Capital
- Legal Services
Geography
- Croatia – Orqa is a Croatian drone start-up headquartered in Osijek, emphasizing the geographic focus on Croatia.
- Germany – Taylor Wessing's involvement from Germany indicates cross-border legal collaboration relevant in this investment.
- Ireland – Legal advisory services were also provided by Taylor Wessing's team based in Ireland, showcasing the geographical diversity of involved legal resources.
Industry
- Drone Technology – Orqa operates within the drone technology sector, focusing on innovative solutions and advancements in UAV technology.
- Venture Capital – Lightspeed Venture Partners leading a seed round places the focus on the venture capital industry, particularly in supporting early-stage technology startups.
- Legal Services – Involvement of multiple legal firms such as Vukmir & Associates and Taylor Wessing highlights the industry's role in facilitating investment transactions.
Financials
- EUR 5.8 million – The total amount invested in the seed financing round for Orqa.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Orqa | Target company | Company | Orqa is a drone technology start-up based in Croatia, founded in 2017. |
| Lightspeed Venture Partners | Bidding companybuyer | Company | Lightspeed Venture Partners led the seed investment round in Orqa. |
| Vukmir & Associates | Legal advisor | Company | Provided legal advice to Lightspeed Venture Partners for the investment in Orqa. |
| Taylor Wessing | Legal advisor | Company | Collaborated with Vukmir & Associates from Germany and Ireland to advise Lightspeed Venture Partners. |
| Flynn O'Driscoll | Legal advisor | Company | Reportedly advised Orqa during the investment transaction. |
| Radius Capital | Investor | Company | Participated in the seed investment round in Orqa. |
| Decisive Point | Investor | Company | Was part of the seed financing round in Orqa. |
| Day One Capital | Investor | Company | An existing investor in Orqa, participated again in this seed round. |