Home / News / CMS Sofia advised Elevator Ventures on the investment...

CMS Sofia advised Elevator Ventures on the investment in a Bulgarian e-commerce software platform

CMS Sofia successfully advised Elevator Ventures (EV) – a venture capital firm part of Raiffeisen Bank International, on the third round of investment for CloudCart.

As part of its strategy to invest and grow digital businesses in the CEE region, EV pinpointed CloudCart as the next rising star among European tech companies. CloudCart’s platform offers end-to-end solutions for SMEs growing their sales online or starting e-commerce businesses from scratch. 

Our local team led by Dimitar Zwiatkow together with Ivan Gergov and Elitsa Hinova advised EV on all legal aspects relating to the conclusion of the equity documents. Settling foreign investor relationships with local businesses at times is particularly challenging due to the specifics of the national legislation. 

Deals in the private equity and venture capital segment seem to grow in the CEE region and to become increasingly attractive for investors across various industries.

Key contacts

Dimitar Zwiatkow
Partner
Co-Head of Energy, Projects and Construction
Sofia
T +359 2 447-1315
Ivan Gergov
Partner
Head of Private Equity
Sofia
T +359 2 447 1350
Elitsa Hinova
Associate
Sofia
T +359 2 447 1324