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.
Board Member of RVC
Aleinikov&Partners Law Firm supported InfraFund RVC on its investment in Belarusian startup Rocketdata.io. The firm’s team proved to be knowledgeable experts in corporate law issues. We are truly thankful to them for always being deep involved in the process and working in a very professional manner - that is what helped us achieve strong result. We also should notice that hard work which Aleinikov&Partners did on implementation in the Belarusian legislation of venture capital financing tools to make deals of this kind possible to be structured under local laws.
Chairman of the Management Board of the Development Bank
The Development Bank of the Republic of Belarus expresses its sincere gratitude to the team of Aleinikov & Partners for providing highly professional legal advice as part of the study on the creation of a venture financing mechanism to be applied by the Bank. We note the professional competence of the company’s specialists, a responsible and individual approach to solving issues that arise.
The Development Bank highly appreciates the efforts and energy directed by the Aleinikov & Partners team to develop the venture ecosystem in Belarus. We firmly believe in the further successful development of our business and friendly relations and look forward to fruitful cooperation.
The Development Bank is completely satisfied with the results of working with Aleinikov & Partners and recommends the company as a reliable business partner.
Marketing director of «Syabar Brewery»
Together with high quality of legal services we would like to mention efficiency, high involvement in the process and ability to foresee how things will turn out.
Aleinikov&Partners provided overall legal support to the consortium of investors including venture fund Haxus and angel investors Yuri Melnishek and Leonid Lozner on a wide range of issues related to investing in agri-tech OneSoil.
Aleinikov & Partners has been represented ASBIS Group, one of the leading international distributors of information and communications technology products and solutions in EMEA Emerging Markets, headquartered in Limassol, Cyprus, as deal counsel in its 100% acquisition of the undisclosed Belarusian group of IT companies
Chamber for Commercial Disputes of the Supreme Court of the Republic of Belarus affirmed court decisions of first and appeals instances in the DEAL.BY cases.