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Kinstellar Advises Eleven Ventures on USD 2 Million Investment in Romanian Startup Frisbo

Kinstellar Advises Eleven Ventures on USD 2 Million Investment in Romanian Startup Frisbo

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Kinstellar, working with Dewi Advisory, has advised Eleven Ventures on leading a USD 2 million investment round in Frisbo.

Eleven Ventures was joined by GapMinder, Roca X, and Neogen Capital, all previous investors in Frisbo. 

According to Kinstellar, “Eleven Ventures is one of the largest venture capital funds in Southeast Europe, investing in startups since 2012. With 150 collective investments in the last nine years, the company has played a key role in developing the regional startup ecosystem.”

Founded in 2014, Frisbo matches retailers with a network of operators and smart logistics. According to the firm, “it has a rich network of warehouses for next-day deliveries and is active in 15 European countries, including Romania. The company intends to use the latest investment to expand its operations and gain wider access to the regional market.”

Kinstellar’s team included Senior Associate Patricia Piticas and Associate Cosmin Vasilescu as well as Dewi Advisory Partner Razvan Popa.

Kinstellar did not reply to our inquiry on the matter.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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