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DGKV advised Nasekomo on raising EUR 8 million Series A to fuel robotized insect bioconversion expansion

Djingov, Gouginski, Kyutchukov & Velichkov advised Nasekomo, a fast-scaling innovative technology company leveraging the power of insects to reshape the food chain, by transforming organic co-products into high-value products such as insect protein, oil, and frass, on the closing of a EUR 8 million equity investment round led by INVENIO Partners, a private equity and growth equity fund focused on investments in Southeast Europe, and including several other investors.

DGKV’s team comprised of our partner Omourtag Petkov and our counsel Ivan Punev advised Nasekomo and the investors on a wide range of matters and assisted with the legal aspects of the overall process - from initial structuring of the investment, through negotiations with investors and drafting of the transaction documents, to completion of the round and implementation of a capital increase of Nasekomo.

DGKV also acted as Bulgarian counsel for INVENIO Partners and assisted the lead investor with the Bulgarian legal due diligence and preliminary legal assessment of the investment. The team working on this side of the ‘Chinese wall’ was led by our partner Georgi Tzvetkov and our senior associate Silviya Apostolova.

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