Skip to main content

act Botezatu Estrade Romania assisted OncoChain in securing a EUR 380,000 seed in-vestment round

By 2021-04-28November 3rd, 2021News

The seed financing round which raised EUR 380,000 was led by Cleverage Venture Capital and also included an equity crowdfunding round on Seedblink platform, as well as two angel investors from Growceanu network.

OncoChain was founded in 2019 by two oncology specialists from Timisoara, Mădălin-Marius Margan and Roxana Margan, together with a team of experienced software engineers and business consultants, quickly becoming one of the most successful med-tech startups in Romania. The company is developing a real-world data platform in oncology, which aims at standardizing, collecting and aggregating anonymized data from patients who suffer from cancer, thus creating the possibility to generate useful analytics that can support business decisions, orientate research for pharma companies and deliver value-based care for healthcare providers.

act Botezatu Estrade Partners assisted OncoChain in drafting and negotiating the investment documents, as well as in finalizing the specific corporate endeavors in the Netherlands, where OncoChain is incorporated. The law firm has strong experience in assisting start-ups clearly define their legal and regulatory shape from the get-go, in order to enable and streamline funding and financing operations. The team of lawyers was coordinated by Managing Partner Stefan Botezatu, lawyer with a legal career spanning more than 21 years and Managing Associate Andrei Hancu, tech-savvy lawyer specializing in equity crowdfunding matters.

act Botezatu Estrade Partners is the Romanian office of act legal, a strong alliance with 400 attorneys in 10 offices located in the most important markets in continental Europe.