Tokushev & Partners has advised the Capital Investments Fund – part of the Bulgarian Development Bank Group – on leading a EUR 2.2 million investment round into Barin Sports. CMS advised Barin Sports.
Existing shareholders also participated in the round.
According to Tokushev & Partners, Barin Sports is a Bulgarian artificial intelligence-enabled electronic performance-tracking technology developer operating in the sports industry. According to CMS, the company “produces an AI system that facilitates sports teams monitoring the condition of their players. The portable device displays, in real time, the physical condition of professional athletes and their performance on the field.”
The Tokushev & Partners team included Partner Boris Teknedzhiev and Lawyer Maria Mitkova.
The CMS team included Partner Dimitar Zwiatkow, Senior Associate Ivan Gergov, and Junior Associate Elitsa Hinova.