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We advised IISY Oy in a corporate transaction

  • Finland

    28-06-2022

    We acted as financial and legal advisor to the shareholders of the Finnish proptech company IISY Oy (Freesi-palvelu) in a financing round arrangement where the company raised almost EUR 2 million in equity-based funding. A significant change of ownership was at the same time carried out in the target company as YIT Ventures Oy, which invested in the first round, exited the company, and the Finnish CVC Helen Ventures and the Dutch VC operator Curiosity VC entered the company with a primary and secondary investment combination. In the course of the undertaking was also carried out an employee issue which bound a significant number of the company’s employees to the company as shareholders.

    Partner Antti Husa was responsible for the assignment. The CF team also included Senior Operations Manager Antti Liimatainen and Project Managers Max Tarkkala and Santeri Vaattovaara. As legal advisors acted Partner Torsti Lakari, Senior Associate Lavinia Husa, Senior Associate Linda Miettinen, Associate Alexiina Ahonkivi and Junior Associate Sanni Tirkkonen.

    Founded in 2017, Freesi is a Finnish start-up company in the property technology sector, specialising in improving indoor air in large property stocks by providing tools for monitoring, analysing and optimising indoor conditions in buildings.

    Helen Ventures is investing EUR 50 million in the most innovative and transformative European start-ups in the energy, e-mobility, circular economy, decarbonisation and digital solutions sectors.

    Curiosity is a venture capital firm based in Amsterdam which focuses on early-stage investments in talented, versatile teams in Benelux, the Nordic countries and the Baltic countries, building next-generation AI-based software companies to serve the world.

    Read more in:

    Freesi’s press release

     

     

    Antti Husa, Partner
    Antti Liimatainen, Senior Adviser
    Max Tarkkala, Project Manager
    Santeri Vaattovaara, Project Manager
    Torsti Lakari, Partner
    Lavinia Husa, Senior Associate
    Linda Miettinen, Senior Associate
    Alexiina Ahonkivi, Associate
    Sanni Tirkkonen, Associate

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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