Avery Law

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Avery Law advises MannyAI on its €1.53m Pre-Seed funding led by Dreamcraft Ventures. ? Also participating in the round was fashion tech investor Alante Capital, Plug and Play Tech Center, Carbon13, Ventures Together, and sourcing giant PDS Limited Ventures. This investment will be used by MannyAI to transform traditional factories into agile, AI-driven production hubs, supporting brands in reducing their total production volumes while making small-batch production profitable. About Manny AI MannyAI is a digital twin-powered AI scheduling software that enables agile manufacturing for fashion brands and factories. Their platform allows for testing styles in micro-batches and refilling high-demand items within 5 days, ensuring efficient just-in-time production. Congratulations to the MannyAI team and in particular Shruti Grover and Simon Johnson. Avery Law team: David Turney / Jessica Coventry / Felicity Bull / Lisa Brunt If you are a startup or scaleup looking to conduct your next fundraising round and want an award-winning legal team by your side, reach out to us or contact David Turney or Jessica Coventry. #founders #preseed #fundraising #venturecapital #vc

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Avery Law advises Kuberno on its ￡9.5m Series A round co-led by Barclays and Nasdaq Ventures. This latest round of investment will be used to fuel Kuberno’s sustainable growth through continued global expansion, with a focus on the US market, and new product features, including AI powered tools, that turn entity data into actionable insights for governance, tax, finance and legal teams. About Kuberno Kuberno is at the forefront of revolutionising governance technology through innovative solutions that enhance efficiency and transparency. Its global legal entity management platform, Kube, and team of passionate experts empower organisations to navigate the complexities of compliance and governance. Kuberno is dedicated to providing valuable insights, advanced tools, and exceptional support, enabling itsclients to thrive in an ever-evolving landscape. Congratulations to the Kuberno team and in particular Zoe Bucknell and Jay Dodd. Also, congratulations to everyone involved at Barclays and Nasdaq Ventures. Avery Law team: David Turney / Jessica Coventry / Felicity Bull / Lisa Brunt If you are a startup or scaleup looking to conduct your next fundraising round and want an award-winning legal team by your side, reach out to us or contact David Turney or Jessica Coventry. #seriesa #fundraising #venturecapital #vc

Avery Law advises Turneo on its €2m seed round led by Bessemer Venture Partners, with participation from Underline Ventures. The investment will accelerate Turneo’s mission to revolutionise hospitality by enabling world’s leading hotels to offer incredible in-destination activities to their guests. In addition to growing the team, the funding will enable expansion into new markets and significant product enhancements. About Turneo Turneo is a travel tech start-up focused on experiential hospitality. Founded in 2022, Turneo enables hotels to manage their entire activities offering in one place. It allows hotel guests to browse and book in-destination activities and transfers on the hotel website or app. At the same time, it provides hotels with a single platform where the entire offering of in-house and partner activities is managed. This includes creating and publishing new activities, partnering with local providers, as well as reviewing activities data, insights and reviews from their guests. Congratulations to the Turneo team and in particular Matija Marijan and Fran Kauzlari?. Also congratulations to everyone involved at Bessemer Venture Partners including Alex Ferrara and Aditya Nidmarti. Avery Law team: David Turney / Jessica Coventry / Felicity Bull / Lisa Brunt If you are a startup or scaleup looking to conduct your next fundraising round and want an award winning legal team by your side, reach out to us or contact David Turney or Jessica Coventry. #seedround #fundraising #venturecapital #vc

We are delighted to have joined the Gathr? - Formerly London Tech & PE Drinks community recommended B2B services and software platform called Gathr to Find. Using its c.10,000 person community of leading investors, founders, operators and advisors, Gathr to Find has curated 130+ leading firms across all verticals a high growth company or investor would need to scale! Check out our profile and reviews on?www.gathrtofind.com. Congrats to Mark Shepherd, Sophie Wilson and Harry Davies for pulling this together and on the launch! #legalservices #professionalservices #founders #investors

Avery Law advises PuriFire Energy on its ￡2.7m ($3.5m) seed round led by HICO Investment Group, with participation from R&R Investments, Bulnes Capital and Desai Ventures. The investment will enable PuriFire to advance its transformative technology for sustainable fuel production. PuriFire's innovative approach streamlines the production of green hydrogen and biogenic carbon dioxide, generated in situ from wastewater and wet carbon feedstocks for the conversion of green methanol and other sustainable fuels. About PuriFire PuriFire aims to accelerate the transition to a low-carbon economy by providing sustainable green hydrogen and methanol solutions. PuriFire is committed to scaling its portfolio of unique technologies while minimising environmental impact, driving positive change, and creating value for its stakeholders. By leveraging the team's scientific and engineering expertise, PuriFire is dedicated to reducing greenhouse gas emissions and promoting a greener future for present and future generations. About HICO The HICO Investment Group was founded in 2021 by?Tim Hartnoll?to build on his experience and expertise building businesses in the maritime, transportation, and logistics sectors. PuriFire joins HICO's other investments in the energy transition, such as Core Power, Ki Hydrogen, Tidal Transit, and Britoil. HICO leverages close partnerships around the world to find new opportunities and expand its existing businesses and technology. Congratulations to the PuriFire team and in particular Neel Shah and Matt Pearce. Also congratulations to everyone involved at HICO including Chris Hartnoll and William Golding. Avery Law team: David Turney / Jessica Coventry / Felicity Bull / Lisa Brunt If you are a startup or scaleup looking to conduct your next fundraising round and want an award winning legal team by your side, reach out to us or contact David Turney or Jessica Coventry. #seedround #fundraising #venturecapital #sustainableenergy

We are pleased to let our clients know that that the UK government has officially extended the Enterprise Investment Scheme (EIS) sunset clause until April 2035. This decision, effective from 3 September 2024, secures the continuation of the vital tax reliefs that empower startups and drive economic growth. This extension is a testament to the hard work of the EISA Tax and Technical Committee, the EISA Board, and all EISA members who have tirelessly advocated for this outcome. Their collective efforts, in collaboration with key stakeholders, have ensured that the EIS remains a critical tool for fostering innovation and attracting private investment. Since its inception, the EIS has facilitated over ￡32 billion in private investment across more than 56,000 companies, underscoring its importance to the UK’s entrepreneurial ecosystem. This extension provides much-needed stability for both investors and startups, allowing them to plan for the future with greater certainty. #VentureCapital #Startups #EIS #TaxReliefs

Avery Law advises the?Baobab Network?on its investment into?Rafiki.works (Baobab '24). Baobab is Africa’s leading accelerator providing founders with the early-stage capital and hands-on support they need to unlock growth and build world-class startups. Baobab provides founders with $100k in funding and support them to unlock growth and further investment. It's portfolio consists of a carefully selected group of exceptional African entrepreneurs. Rafiki is a platform for fractional talent across Africa helping founders, startups and SMBs in the UK, Europe, and the US, find the right, skill-specific independents or small agencies for both fixed-term and ongoing support and empowering freelancers, consultants, and agency owners across Africa to progress their careers through access to international opportunities and the tools they need to extend their own service offerings. Nicholas Boswell / Greg Cooke / Tom Fairburn / Toby Hanington #seedround #fundraising #venturecapital

Key Insights for Founders and Investors from the Clarke v Lakha Case The recent Re Bramber Road Management Ltd, Clarke v Lakha 2024 EWHC 51 (Ch) case offers crucial lessons on director appointments and responsibilities, applicable across the corporate lifecycle from inception to exit. Key Takeaways: 1?? Legal Compliance: Formal documentation is essential for legitimising director appointments and safeguarding against disputes. 2?? Directors' Duties: Directors must understand and uphold their fiduciary duties to act in the company’s best interest. 3?? Accountability: Implement robust checks and balances to ensure accountability and protect the company’s integrity. Read all about it and our key takeaways in more detail here: https://lnkd.in/eiKeXfff At Avery Law, we provide a CoSec service supporting startups, established corporations, and investment-backed companies in maintaining compliance and effective governance. From initial setup to exit, we provide the expertise you need to navigate corporate complexities. Get in touch today! Article Authors: David Turney / Lisa Brunt #CorporateGovernance #VentureCapital #PrivateEquity #Startups #Founders