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DLA Piper Advises Jiffy on USD 28 Million Investment Round

DLA Piper Advises Jiffy on USD 28 Million Investment Round

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DLA Piper has advised London-based dark supermarket Jiffy on its USD 28 million Series A investment round.

The round was led by Denmark’s private equity firm Heartland, with US venture capital fund Flint Capital and the family office of the Bukhman brothers participating alongside existing investors Baring Vostok and LVL1, both Russian private equity firms.

According to DLA Piper, “the Series A funds will be used for expansion within London and potentially into other urban locations in the UK.” Founded in November 2020, Jiffy has cloud stores in each London borough and delivers groceries using e-bikes within a three-kilometer radius in just 15 minutes.

The DLA Piper team was led by Partner Leo Batalov and included Legal Director Andrei Sheetkin, Associate Alexandra Braterskaya, and Paralegal Alexandra Khvorostyanova.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.