Advised the Japanese venture capital fund Mistletoe in the investment in Lithuanian startup
Ellex in Lithuania Corporate and M&A practice represented the Japanese venture capital fund Mistletoe in the Lithuanian startup Bee Loop investment. The value of the first stage investment is EUR 150,000.
Bee Loop is a Lithuanian startup, which has attracted the market’s attention with its sustainable and original product – bee honey packaging from beeswax.
Bee Loop honey pot is made from the beehives wax that remains after the honey has been spun. The original packaging is organic, recyclable, renewable, edible, self-degrading, antifungal, antiviral, antibacterial and antiseptic. 99.9% of it, excluding flax twine, is edible.
Once the honey has been emptied from the package, it can be returned to the apiary – the cycle is thus closed – bees will build new honeycombs from the returned wax. In addition, the Bee Loop design idea was recognized in several international design awards in 2021.
Mistletoe’s first investment in Lithuania shows its interest in the Baltic States. Mistletoe is a venture capital fund founded by Japanese entrepreneur and investor Taizo Son, considered one of the most successful in Japan.
Our team was led by partner Rūta Armonė. It included senior associates Aleksandr Asovskij and Edvinas Beikauskas, junior associate Brigita Ruibytė, lawyers` assistant Dominykas Kiršis, and others.