Vircon Legal Advised Appsilon on its USD 1.2M Post-Seed Round Led by DCP — Diffusion Capital Partners

Vircon Legal advised Appsilon on its Post-Seed financing round. The round closed on 29 November 2017 with USD 1,200,000 raised at a USD 4,800,000 post-money valuation. The round was led by DCP — Diffusion Capital Partners (Fund I). The round followed the two earlier angel seed transactions in March and August 2017 — see our …
Read more →Marketing and Finance Summit 2017 — Startup Law Closing Keynote

On November 15, 2017, at the Marketing and Finance Summit (#pazarlamafinans17), our Managing Partner Erdem Mümtaz Hacıpaşaoğlu delivered the Startup Law closing keynote. The Q&A that tripled the original speaking slot made the session one of the most interactive on the summit’s program. The central thesis of the talk was clear: the new-generation ventures where …
Read more →Web Summit 2017 Lisbon — Europe’s Largest Technology Event

From November 6 to 9, 2017, in Lisbon, Portugal, our Managing Partner Erdem Mümtaz Hacıpaşaoğlu attended Web Summit 2017. Positioned as Europe’s largest technology event, the summit brought together 15,000+ companies from 166 countries and over 60,000 participants. The central thesis of the summit was clear: for a Turkish startup lawyer to stand on the …
Read more →Vircon Legal Advised Appsilon on its USD 33,000 Follow-on Seed Round from Arısan İnce

Vircon Legal advised Appsilon on its follow-on seed financing round. The round closed on 24 August 2017 with USD 33,000 raised at a USD 760,000 post-money valuation from Arısan İnce. The round followed the initial seed transaction that closed in March 2017 — see our note on the prior round. Follow-on seed rounds executed with …
Read more →Vircon Legal Advised Kodris on its USD 43,000 Seed Round from Mete Serkan Sevim

Vircon Legal advised Kodris on its seed financing round. The round closed on 17 August 2017 with USD 43,000 raised from Mete Serkan Sevim. Single-angel seed rounds at this scale carry a particular structural challenge that is often underappreciated at the time of closing: the documentation has to function both as a clean closing instrument …
Read more →Vircon Legal Advised Loki on its USD 100,000 Seed Round Led by TRANGELS

Vircon Legal advised Loki, an İzmir-based technology venture, on its first institutional seed round. The round closed on 6 June 2017 with USD 100,000 raised at a USD 1,000,000 post-money valuation. The financing was led by TRANGELS and joined by Namık Kural, Hale Umul, Mehmet Sacit Sungu, Hüseyin Karayağız and a further undisclosed investor. The …
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