Venture capital plays a key role in the development of the innovation-driven economy. Therefore, we consider that an important part of our efforts as an ecosystem actor is helping improve legal conditions for venture capital financing development in Belarus.
Aleinikov & Partners acted as legal advisor for the AID-Venture program implemented with the support of the USAID. In cooperation with international partners, we worked on amendments to the national legislation to develop the country’s venture capital ecosystem.
Aleinikov & Partners assisted a group of angel investors with establishment of Angels Band, the first Belarusian business angel network.
A turning point in the team’s legislative work is the introduction of provisions concerning option agreements, convertible loan agreements, indemnity, non-competition, non-solicitation, and other instruments of the "English law" which are widely used in the world practice for structuring venture transactions and which are unique to Belarus, into Presidential Decree On Development of Digital Economy.
Being in the waves of change allows us to successfully advise market participants on venture capital. Aleinikov & Partners has proven track record in representing both investors (private and institutional, as well as their syndicates) and start-ups (or founders) at all stages of venture capital financing.
What we can help with:
Development Bank of the Republic of Belarus
Advising the Development Bank of the Republic of Belarus on venture-related issues within the frames of the program entitled “MSME Access to Finance Project” to be jointly implemented with the IBRD. Assisting in drafting laws to be developed to amend the Belarusian legislation in order to create legal conditions required by the DBRB for financing venture projects.
Palta (previously named Haxus)
Advising Palta co-funding company on venture activities in Belarus and structuring investment transactions with Belarus-based startups. Haxus is founded by Yuri Gurski, a prominent Belarusian IT-enterpreneur. The fund's portfolio includes world-known MSQRD, AIMATTER, as well as Flo and Prisma.
Advising Infrafund RVC, a managing partner of the Russian-Belarusian Venture Investment Fund, in a seed financing of RocketData.
Advising LungPass, a product of Healthy Networks, on raising a funding round from both the Singaporean Verge Healthtech Fund 1 and Estonian Sentosa Capital.
Advising SplitMetrics on attraction of venture capital investments from international group of companies Embria
Advising RocketBody, a developer of AI fitness tracker, on raising round A investment from Bulba Ventures. Conducting legal due diligence of IP, development of term sheet and other transaction documents, advising on establishment of the Delaware subsidiaries, which corporate structures are to be participated by the Belarusian founders.
Advising StringersHub, a developer of a marketplace that connects professional content creators with the global media outlets, on its $500K seed round from a group of angel investors, members of Angels Band (Belarus), and both venture capital firms Insta Ventures (Cyprus) and Starta Ventures (USA)
Advising Clevetura, a developer for an intuitive keyboard Click&Touch, on attracting investments in the startup. Conducting legal due diligence of IP, formalization of relations within a team, development of incentive schemes for key employees, advising in the course of approving transaction documents by the investor.
Angels Band business angels network
Advising a syndicate of angel investors, members of Angels Band, on venture capital financing of LungPass. The transaction became the first of its kind structured via convertible loan agreement introduced by the Presidential Decree On Development of Digital Economy.
Advising Quattro Capital, an investment company, on seed financing of RocketBody.
Syndicate of VCs
Advising a syndicate of VCs, which are Haxus venture fund and both private investors Yury Melnichek (co-founder of Maps.me and AIMatter) and Leonid Lozner (co-founder of EPAM Systems), on $500K seed investment in OneSoil.
Marketplace manager at Deal.by
Aleinikov&Partners law firm perfectly coped with negotiation on solving of controversial situation with the former operator of Deal.by platform. We are absolutely satisfied with both the process and the result. There is no doubt that the сooperation with Aleinikov & Partners is the case when any business-critical issues can be effectively solved by external consultants. There are no ‘’one-size-fits-all” approach to the problem solving for lawyers of Aleinikov&Partners, because their work is always based on the clients’ specific needs and they do everything possible to respond to these needs.
Head of Legal Department of Unitary Enterprise «Velcom»
Aleinikov&Partners’ specialists proved themselves as professionals in the field of IT. The main quality of the company's lawyers is the ability to anticipate the development of the situation in various directions. Deep involvement in work on a particular legal problem forms a positive image of the company and objective assessment of the situation allows to achieve the goals.
Top Manager of Wargaming & Melsoft
We have been cooperating with Aleinikov&Partners law firm on various issues for several years. The representatives of this company are friendly, decent as well as always attentive to the issues in question. Especially I would like to emphasize their deep understanding of the specifics how start-ups work and the nuances of companies which entire into the cross-border market. In my opinion, Aleinikov&Partners is the absolute leader in the number of top-level transactions in the IT-field and the Game Industry in our country.
Aleinikov&Partners Law Firm advised Austrian Kapsch TrafficCom in regard to implementation of the investment project on creating in the Republic of Belarus of the national electronic tolling system for motor vehicles on selected roads.
Aleinikov & Partners and IT Park of Uzbekistan have signed a Cooperation Agreement. Aleinikov & Partners becomes IT Park’s international outside adviser in connection with the improvement of a regulatory framework for the development of the IT industry in Uzbekistan as the firm had been experienced successful work with the Belarus Hi-Tech Park in this respect
Aleinikov & Partners has been advised Service Desk, a subsidiary of BPS Sberbank and a member company of Sberbank Group, which deals with software development for banking and financial activities, on joining the Hi-Tech Park