Traxlo Raises EUR 1.6 Million for European Expansion
Deal News | Jul 03, 2025 | CEE Legal Matters
Traxlo, supported by legal advice from Walless, has secured EUR 1.6 million in funding to bolster the expansion of its AI-driven labor platform across Europe. The platform, which allows businesses to remunerate workers based on task completion rather than hourly wages, aims to scale its operations and enhance its technology for wider European reach. The fundraising was led by Coinvest, with legal advisory provided by Tegos. The Walless advisory team included Partner Andrius Ivanauskas, Associate Partner Domas Sileika, and Associate Aura Rimonyte.
Sectors
- Technology
- Labor and Employment
- Venture Capital
Geography
- Europe – The geographical focus of Traxlo's expansion is across European markets, making Europe the primary geographic classification for the article.
Industry
- Technology – The article discusses Traxlo's AI-driven platform, which places it within the technology sector, specifically focusing on platforms that leverage artificial intelligence.
- Labor and Employment – Traxlo's platform offers an innovative pay-per-task labor model, relevant to the labor and employment industry as it changes traditional work compensation structures.
- Venture Capital – The article reports on a fundraising event, common within the venture capital industry, involving investment from Coinvest.
Financials
- EUR 1.6 million – The amount raised by Traxlo in its latest round of funding.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Traxlo | Target Company | Company | An AI-driven labor platform focused on pay-per-task compensation model. |
| Walless | Legal Advisor | Company | Law firm advising Traxlo on its fundraising efforts. |
| Coinvest | Lead Investor | Company | The lead investor in Traxlo's EUR 1.6 million funding round. |
| Tegos | Legal Advisor | Company | Law firm advising Coinvest in the investment process. |
| Andrius Ivanauskas | Partner at Walless | Person | Partner involved in advising Traxlo on legal matters regarding the fundraising. |
| Domas Sileika | Associate Partner at Walless | Person | Associate Partner at Walless, part of the team advising Traxlo. |
| Aura Rimonyte | Associate at Walless | Person | Associate at Walless, part of the team advising Traxlo. |