Djingov Gouginski Kyutchukov & Velichkov has advised TokWise on its EUR 3 million equity investment round led by Encavis and including Vitosha Venture Partners-Fond I KD, KIC InnoEnergy SE, and Innovation Capital Fund KDA. Georgiev & Kolev advised Vitosha Venture Partners. CMS reportedly advised Encavis.
Encavis is a Hamburg-based wind and solar park operator listed on the MDAX of Deutsche Burse.
According to DGKV, “TokWise is a Sofia-based company and has set itself the goal of accelerating the digital transformation of the way energy market participants buy and sell their electricity on the different markets.”
The DGKV team included Partner Omourtag Petkov and Senior Associate Ivan Punev.
The Georgiev & Kolev team included Senior Associate Vanina Popova and Legal Counsel Preslava Petrova.