Wultra Secures Investment from Tensor Ventures and Elevator Ventures
Deal News | Jan 28, 2025 | CEE Legal Matters
Havel & Partners has provided legal advice to Tensor Ventures and Elevator Ventures regarding their investment in Wultra, a Czech Republic-based fintech start-up that focuses on cybersecurity solutions for identity verification and mobile app protection. Barta Legal advised Wultra in the transaction. Tensor Ventures is a deep tech fund operating in Central Europe, while Elevator Ventures functions as the corporate VC arm of Austria's Raiffeisen Bank. Notably, the legal teams involved were instrumental in facilitating this investment, with Havel & Partners' team led by Partner Jaroslav Baier, and Barta Legal's team led by Partner Jan Barta.
Sectors
- Fintech
- Cybersecurity
- Venture Capital
Geography
- Czech Republic – Wultra is based in the Czech Republic, which is central to the transaction.
- Central Europe – Tensor Ventures operates as a Central European deep tech fund, indicating the regional involvement.
- Austria – Elevator Ventures is associated with Austria's Raiffeisen Bank.
Industry
- Fintech – The article deals with Wultra, a fintech startup focused on cybersecurity solutions for mobile app protection and identity verification.
- Cybersecurity – Wultra specializes in cybersecurity solutions, highlighting its relevance in the industry.
- Venture Capital – Tensor Ventures and Elevator Ventures are involved, which are venture capital funds investing in a fintech startup.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wultra | Target Company | Company | A Czech Republic-based fintech startup specializing in cybersecurity solutions. |
| Tensor Ventures | Bidding Company | Company | A Central European deep tech fund that invested in Wultra. |
| Elevator Ventures | Bidding Company | Company | The corporate VC fund of Raiffeisen Bank from Austria, also investing in Wultra. |
| Havel & Partners | Legal Advisor | Company | Provided legal advice to Tensor Ventures and Elevator Ventures in the investment. |
| Barta Legal | Legal Advisor | Company | Advised Wultra in the investment process. |