Bagzibagli Erdem & Sahin has advised Octovan Mobil Teknoloji on its financing round with Vinci Venture Capital, Arz Portfoy, and several private investors. Kilinc Law & Consulting advised Arz Portfoy on its convertible loan and capital increase investment.
"Within the framework of the final investment tour which has been held on March 31, 2023, a total of 22 domestic, foreign, individual, and corporate shareholders have been integrated into the company," Kilinc Law reported. The total value of the round was USD 8 million.
Founded in March 2017, Octovan is an online platform that connects movers and customers to provide fixed-price home and partial moving services, among others.
According to Kilinc Law, "on the B2C side, Octovan offers safe transportation services, a digitalized transportation experience, and highly rated carriers with goods, office moving, and home moving services. On the B2B side, Octovan Express is a same-day delivery-oriented logistics transportation service that provides transportation support for products over 30 decimeters."
The Bagzibagli Erdem & Sahin team was led by Partner Orhan Erdem and included Attorney Ilayda Goktas.
The Kilinc Law team was led by Senior Associate Gulenay Capkinoglu.
Editor's Note: After this article was published, Turunc confirmed it had advised Vinci on its follow-on investment in Octovan. The firm had also advised Vinci on its initial investment into the target four years ago (as reported by CEE Legal Matters on April 30, 2019). The Turunc team included Managing Partner Kerem Turunc, Partner Yasemin Erden, and Associates Naz Esen, Ovgu Kopal, and Baran Ezeli.