Cresco

News – Complex commercial agreements and partnering

MarkaVIP in capital raising rounds and general business matters

We have assisted MarkaVIP (www.markavip.com) in the preparation, negotiation and closing of its USD 32 million Series D funding led by a large Middle-Eastern conglomerate, with significant participation by Silicon Valley venture firm Lumia Capital, New York based Invus Financial Advisors, Dutch technology venture capital fund Prime Ventures and Belgian venture firm Hummingbird Ventures. Total capital raised amounts to approximately USD 60 million.

MarkaVIP is an exclusive, invitation-only flash sales website focused on the Middle East.

The Cresco team has advised MarkaVIP since its incorporation with its previous capital raising rounds and on all general corporate and business matters.

David Dessers, Pieter Capiau, Yannick Verrycke and Magali Feys constitute the deal team for these transactions and ongoing legal support.  

For any further information or questions, please contact David Dessers.

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