SplxAI Secures $7 Million Series Seed Financing
Deal News | Apr 03, 2025 | CEE Legal Matters
Cytowski & Partners has successfully advised SplxAI on a significant USD 7 million series seed financing round led by LAUNCHub Ventures, a prominent private equity firm. The investment is aimed at propelling the Croatian startup, SplxAI, which is focused on revolutionizing the cybersecurity development sector. The round's legal advisory included contributions from Partner Tytus Cytowski and associates Kunal Kolhe, Fabiana Morales Centurion, and Heidi Fan. Additionally, the legal team for LAUNCHub Ventures was reportedly represented by Gunderson.
Sectors
- Cybersecurity
- Venture Capital
Geography
- Croatia – SplxAI is a Croatian-based company.
- Bulgaria – LAUNCHub Ventures is based in Bulgaria, highlighting the cross-regional investment.
Industry
- Cybersecurity – SplxAI operates within the cybersecurity industry, focusing on disrupting its development landscape.
- Venture Capital – LAUNCHub Ventures, the leading investor in the round, is part of the venture capital industry.
Financials
- USD 7 Million – The amount raised by SplxAI in the series seed financing round led by LAUNCHub Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SplxAI | Target company | Company | A Croatian company focused on disrupting the cybersecurity development landscape. |
| LAUNCHub Ventures | Investor | Company | A venture capital firm that led the $7 million seed financing round. |
| Cytowski & Partners | Legal advisor to SplxAI | Company | A legal firm advising SplxAI on the seed financing round. |
| Gunderson | Legal advisor to LAUNCHub Ventures | Company | Reportedly advised LAUNCHub Ventures in this financing round. |
| Tytus Cytowski | Legal Partner | Person | Partner at Cytowski & Partners who advised on the deal. |
| Kunal Kolhe | Legal Associate | Person | Associate at Cytowski & Partners involved in advising SplxAI. |
| Fabiana Morales Centurion | Legal Associate | Person | Associate at Cytowski & Partners involved in advising SplxAI. |
| Heidi Fan | Legal Associate | Person | Associate at Cytowski & Partners involved in advising SplxAI. |