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Ellex Raidla Advises Superangel on Investment in ParcelSea

Ellex Raidla Advises Superangel on Investment in ParcelSea

Estonia
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Ellex Raidla has advised Superangel on an investment in ParcelSea, made as part of a EUR 935,000 financing round.

United Angels, also participated in the round, as did individual investors Taavi Madiberk, Kristjan Vilosius, Taavi Tamkivi, Triin Hertmann, and Alvar Lumberg.

ParcelSea is an Estonian parcel vending machine company that was founded by former Cleveron executives Andres Sampka and Indrek Jurgenson.

According to Ellex, “ParcelSea wants to direct the involved investment into product development and production. By the end of the year, the company aims to install 1,000 smart mailboxes across Estonia and develop new features and services, such as parcel delivery and return, food freezing, and various smart home solutions.”

Ellex Raidla’s team included Counsel Antti Perli, Senior Associate Hanna Pahk, Associate Merlin Liis, and Lawyer Priit Pruks. The firm did not reply to an inquiry about the deal.