The Turunc Law Firm has advised Vinci Venture Capital on its equity investment in smart clothing company Thread in Motion. The Gemicioglu law firm represented Thread in Motion on the investment round, in which StartersHub and various angel investors participated. The amount of Vinci's investment was not disclosed.
Thread in Motion — which is now valued at more than TRY 50 million — develops wearable products for various industries, including a smart glove that replaces barcode readers, giving workers direct feedback with visual acoustic haptic signals, leading to a new level of processing speed, quality and efficiency. Mercedes-Benz and Bridgestone are among its customers.
The Turunc team consisted of Partner Kerem Turunc and Attorney Gozde Kiran
The Gemicioglu team was led by Partner Bora Gemicioglu.