Clifford Chance Prague Association advises Orbit Capital on multiple transactions
Clifford Chance Prague Association has advised Orbit Capital ("Orbit"), an investment manager specialising in venture debt and equity financing, on several significant venture capital transactions throughout the past two years in Slovakia and the Czech Republic.
As part of the ongoing collaboration, the team has provided Orbit with legal advice on three key transactions, in particular, financing of CloudTalk, an AI-driven communication platform with focus on creating a unified ecosystem that helps customer-facing teams have more productive and meaningful conversations, financing of Boataround, an online platform offering boat rental services and financing of ThreatMark, a leading innovator in behavior-based fraud prevention and cybersecurity solutions. Given that venture debt remains relatively uncommon in Slovakia and the Czech Republic, these transactions hold particular significance in the evolving landscape of innovative financing.
"Working with this legal team has been a great experience. Their dedication, expertise, and problem-solving approach made a real difference, and we truly appreciated their support throughout the process. They're not only equipped to handle large, high-profile transactions but also bring the same level of skill and attention to venture capital deals and smaller transactions," commented Radovan Nesrsta, partner at Orbit Capital
Orbit, founded in 2019, is an investment manager focused on supporting innovative start-ups, particularly tech-enabled SMEs and small mid-cap companies, at various stages of development. The firm operates two funds: the Growth Equity Fund, which focuses on equity investments in high-potential, technology-driven companies aiming for international expansion, and the Growth Debt Fund, which offers non-dilutive loans to support start-ups and accelerate their growth.
The Clifford Chance Prague Association team advising on the transactions was led by senior associate Stanislav Holec, under the supervision of managing partner Miloš Felgr and included senior associate Hana Čekalová and junior lawyers Lukas Ljubovič and Ondřej Šteco.