DLA Piper advises Russian IT company Rubbles on USD6m Series B investment round

DLA Piper has advised Rubbles, a Russian developer of AI-powered optimisation solutions for technology and business processes, on its USD6 million Series B investment round led by Russian private equity firm Elbrus Capital. Series A investor, FinSight Ventures, was also involved in the new fundraising round.

The Series B funds will be used to accelerate growth in Russia and launch Rubbles’s products in international markets. The investment will also allow Rubbles to expand the product line in the company’s existing sectors, as well as to grow into other industries.

DLA Piper advised Rubbles and its founders on every stage of the investment deal. The Moscow-based Corporate team was led by partner and global co-chair of Emerging Growth and Venture Capital Leo Batalov, assisted by senior associate Georgy Vinogradov, associate Vadim Iskhakov and paralegal Robert Oganesyan.