News – Venture Capital & Private Equity practice
3 August 2017
Cresco has assisted Small Teaser and its founders in the structuring, negotiation and closing of its EUR 800,000 seed financing round. The investment is made by LRM, the investment company stimulating economic growth in the province of Limburg (Belgium), The CoFoundry, a Cronos Group venture capital fund, and several leading business angels.
Small Teaser launched a community blogging platform to help bloggers and writers monetize their work through a royalty-based advertising model, and will use the recently invested funds to launch the platform in the US.
Small Teaser was awarded the title of ‘Start-up of the Year 2017’ by Startups.be during the most recent Tech Start-up Day in Brussels.
Co-founders Stijn and Ruth Janssens comment: “The Cresco lawyers have handled this investment with pragmatism and razor sharp focus on all business aspects. We are truly impressed by their commitment and availability to close this funding round in a timely fashion and are looking forward to a long term collaboration.”
David Dessers and Glenn L’hoëst constituted the deal team for this transaction.
For any further information or questions, please contact David Dessers.