[Investment] Providing legal advisory services regarding the Series B investment raising for retail proptech company SweetSpot.
Article posted in 2023-02-06 17:34:39 | VEAT
Law firm Veat provided all legal advisory services necessary during the process of Law firm Veat attracting Series B (Series B) investment of KRW 9.5 billion in connection with the retail proptech company ‘SweeteSpot’.
New shareholders including SIGNAITE PARTNERS, a venture capital company of the Shinsegae Group, Hanwha Investment & Securities, Hana Securities, ES Investor, and Umi Construction, as well as existing shareholders such as Altos Ventures continuously participated in this Series B investment.
SweeteSpot operated businesses across the entire retail sector, including pop-up stores and commercial real estate brokerage, MD consulting, etc., demonstrating superior growth potential even during the challenging pandemic period caused by a prolonged period of COVID-19, and proved profitability with revenue higher than before the COVID-19 outbreak.
Law firm Veat drafted investment agreements such as subscription and shareholders’ agreement based on term sheets in the process of SweeteSpot attracting investments from investors including SIGNAITE PARTNERS, Hanwha Investment & Securities, Hana Securities, ES Investor, Umi Construction, 손앤컴퍼니, 티그리스, and Altos Ventures, and also conducted all related registration work in a one-stop manner, allowing us to successfully conclude this investment quickly and efficiently.
Law firm Veat has been selected as a Finalist in the Korea Deal Firm category for two consecutive years at the ‘ALB Korea Law Award 2022’ and is demonstrating its capabilities globally in the investment sector, and in 2022, it ranked in the TOP 5 in the Bloomberg M&A League Table, recognizing its expertise in investment advisory. Law firm Veat will continue to be a law firm that can grow together with its clients based on its experience and know-how in reviewing various cases.
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