Law
Firm

Venture Capital

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:

  • Legal due diligence of investees;
  • Preparation of projects and companies for investment and business restructuring for investment transaction parameters;
  • Searching for projects and companies for investment and/or for a project investor;
  • Assisting in investment transactions (convertible loans, SAFE, equity financing);
  • Drafting incentive programs for employees of funded companies;
  • Exits;
  • Fund formation and corporate venturing;
  • Mentorship agreements.

Projects

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.

Infrafund RVC
Advising Infrafund RVC, a managing partner of the Russian-Belarusian Venture Investment Fund, in a seed financing of RocketData.

LungPass
Advising LungPass, a product of Healthy Networks, on raising a funding round from both the Singaporean Verge Healthtech Fund 1 and Estonian Sentosa Capital.

SplitMetrics
Advising SplitMetrics on attraction of venture capital investments from international group of companies Embria

RocketBody
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.

StringersHub
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)

Clevetura
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.

Quattro Capital
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.

More projects

Sergey BruiCo-Founder of Vizor Games

Sergey Bruy
Co-Founder of Vizor Games

Vizor team would like to express its gratitude to the law firm Aleinikov&Partners for legal support of Vizor Interactive projects. It is quite difficult to find lawyers with an excellent understanding of technologies. Lawyers of "Aleinikov and Partners" are those with whom you can speak the same language. Taking into account the timesaving you can achieve with that, such quality cannot be overemphasized. The law firm "Aleinikov and Partners" can be recommended to IT businesses, which need a modern, flexible and professional team.

Elena RybinaGeneral councel at HARIBO Russia

Elena Rybina
General councel at HARIBO Russia

We would like to express our sincere thanks to Aleinikov&Partners law firm and its senior partner, advocate Denis Aleinikov for the highly professional legal assistance and representation of our company’s interests in the courts of the Republic of Belarus at all levels. In particular, we would like to note Denis’ deep involvement in work and creative problem-solving approach that led us to the result we wanted to achieve. The work done was highly evaluated by the opposing party, which undoubtedly indicates service excellence and sets the company apart from the leading Belarusian law firms.

Sergey KostevichCEO of ASBISc

Sergey Kostevich
CEO at ASBISc

We have acquired a reliable partner and consultant in the face of the law firm “Aleinikov and Partners”. We recommend the company for cooperation to anyone who needs effective legal support for M&A deals. It should be noted with confidence that lawyers solve problems with high efficiency and in short time, and not afraid to take the challenges of non-standard clients' requests.

M&A transaction on acquisition of MapData by American Mapbox was finalized

Aleinikov&Partners provided overall legal assistance in M&A transaction on acqusition of MapData by American Mapbox.


A&P Advises Development Bank of Belarus on Expanding its Mandate to Conduct Venture Capital Financing

Aleinikov & Partners has been advising the Development Bank of the Republic of Belarus (DBRB) in drafting a regulatory legal act aimed at amendment of the Belarusian legislation to entitle the DBRB to conduct venture capital financing

World Bank

Aleinikov&Partners Law Firm became the local consultant of the World Bank in the frame of the World Bank’s project on international technical assistance to Belarus aimed at harmonizing of the domestic legislation with respective EU Directives and international standards.