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.
Chamber for Commercial Disputes of the Supreme Court of the Republic of Belarus upheld judgment of the Court of first instance in a case concerning HARIBO Sweets LLC (Russian Federation).
Aleinikov & Partners has advised Lifetech, a member company of Turkcell Group and a Belarusian subsidiary of Turkcell, a leading mobile network operator in Turkey and a major player in the European market, whose shares have been traded on the Borsa Istanbul (BIST) and New York Stock Exchanges (NYSE), on joining the Hi-Tech Park
Aleinikov & Partners advised Open Line, a Minsk-based leasing company, on issuance of blockchain bonds. Token sale is going to be conducted on the FINSTORE.BY investment platform operating by a subsidiary company of Belvnesheconombank (Bank BelVEB)