Dentons advises Laika Universe Inc., on their Series A financing round for 12 million dollars

Dentons Cardenas & Cardenas is proud to have advised Laika Universe Inc., an e-commerce leader in the market for pet products and services in Latin America, on their “Series A” financing round for 12 million dollars. In this transaction, Dentons Cardenas & Cardenas worked hand in hand with Dentons US alongside key foreign investors in the startup world, such as Jam Fund, a venture capital fund managed by Justin Mateen (Tinder’s co-founder), YCombinator, InQlab and Streamlined Ventures, as well as important Colombian economic groups.

This deal involved various challenges, including the coordination of and negotiation with more than 30 investors located in more than 6 jurisdictions, as well as the design of a contractual structure that would allow SAFEs holders and new investors to participate on their own terms in the investment round.

Partner and co-director of our Mergers and Acquisition practice area, Mauricio Borrero (Bogotá), led the Dentons team on the deal, in collaboration with associate Gonzalo Reyes (Bogotá), counsel Adrian Stewart and associate Grant Levine (both New York).

“The entrepreneurial ecosystem in Colombia is going through a moment of unprecedented growth and Laika’s investment round is the perfect example of this. At Dentons Cardenas & Cardenas, we are proud to have worked alongside Dentons US to help Laika navigate the obstacles and take advantage of the opportunities that an investment round brings” said Mauricio Borrero.

“We are very proud to have advised a startup with such potential as Laika. We have great confidence in their team and in their business idea and are very grateful with them for trusting us this important transaction” commented Gonzalo Reyes, who also stated that “Dentons is an excellent ally for the Colombian startups seeking legal advice on their investment rounds not only in the United States, but in the 81 countries in which we have presence.”