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28 September 20213 minute read

DLA Piper advises FinLab EOS VC on participation in EUR2m funding round in TAIKAI

DLA Piper has advised FinLab EOS VC Fund as lead investor in a EUR2 million funding round in Portuguese blockchain-based open innovation platform TAIKAI. Existing investor Bright Pixel and new investor Portugal Ventures also participated in the round. The new funding will fuel international expansion of TAIKAI in Europe and Brazil and the development of hiring solutions for companies and startups.

Founded in 2018, TAIKAI started as an open innovation platform, focusing on creating a talent marketplace to connect creators and companies, by crowdsourcing solutions for their challenges. The company uses hackathons as a tool to find, test and validate new ideas, products and talent globally. Over the last few years, TAIKAI has grown and turned into an international open innovation platform with a community of more than 50,000 innovators.

FinLab EOS VC Fund, managed by C3 Management GmbH, is a partnership between and FinLab, an investor in financial services technologies and blockchain globally. Located in Frankfurt, Germany, C3 Management GmbH is an asset management company focused on managing venture funds which invest in exceptional blockchain technology companies worldwide. The EOS VC Fund focuses on early and growth stage technology companies, and typically takes a minority equity stake.

The DLA Piper team was led by partner Simon Vogel (Corporate/Private Equity, Munich). From the DLA Piper office in Lisbon partner João Costa Quinta (IPT) and senior associates Ana Isabel Vieira (Corporate) and Daniela Rosa (Employment) were also involved.