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KARÜN OBTAINS USD 2 MILLION IN FUNDING FROM BTG PACTUAL

18/08/2022

CMS Carey & Allende advised Karün, a Chilean start-up that manufactures eyeglasses with recycled materials, on the negotiation and closing of a financing deal with BTG Venture Debt, through which Karün Chile received a loan for more than USD 2 million.

Our partners Ramón Valdivieso and Diego Rodríguez participated, together with the associate Adolfo Romero, and the support of CMS UK, in relation to the scope of the operation in the UK with respect to Karun World Ltd., a holding company formed by the Karün group in such jurisdiction.

This operation will allow Karün to finance the growth of the company for the coming months, pending the closing of an investment round. In addition, the company has entered new markets that require contributions through financing or capital for its initial stage. The funding will be used for this purpose. 

In 2021 Karün was present in Chile, Argentina and different countries in Europe. In recent months, the company has expanded into markets such as Uruguay, Colombia, the US and Canada.

Source: El Mercurio, 18 August 2022