The Russian-Belarusian Venture Capital Fund (RBF Ventures), created by RVC, RVC Infrafund and the Belarusian Innovation Fund, invested in the Belarusian startup RocketData. The deal was structured with legal support of Aleinikov&Partners Law Firm.
According to Mikhail Fedotov, Board Member of RVC, RocketData is the first investment project of RBF Ventures in Belarus: "There are simply no comparable analogues of the proposed service in the former CIS area ... In 2019, RocketData is planning to enter Central and Eastern Europe market and we will support the company as maximum as possible."
The deal between RBF Ventures and RocketData became the first of this kind in the country, where the “English law” tools introduced by Decree No. 8 “On Development of the Digital Economy” were applied during structuring.
“For the Belarusian venture capital market, the deal of our joint fund to invest in Rocketdata.io is a landmark and to some extent historic one,” said Dmitry Kalinin, RBF Ventures Managing Partner and the Director of the Belarusian Innovation Fund.
The project has been led by Senior Associate Anna Tsymbalist.
Aleinikov & Partners has assisted IDT Corporation, a NYSE-listed (NYSE: IDT) American telecommunications company headquartered in Newark, New Jersey, with the Belarusian market entry. IDT pioneers expansion of business to Belarus and subsequently joining the Hi-Tech Park among US-based public companies
Aleinikov & Partners has advised Clevetura, a maker of an intuitive keyboard Click & Touch, on fundraising matters. The Aleinikov & Partners team assisted with LDD of IP and development of incentive schemes for key employees. We have been also advised Clevetura in the course of approving transaction documents by the investor
Aleinikov & Partners has advised Virtuality Park, a creator of one of the Europe's largest amusement parks Teleport VR, on issuance of blockchain bonds