The success of Taiwanese investments in Lithuania
Ellex in Lithuania represented Taiwania Capital fund in the investment stage in Lithuanian start-up Litilit. One of Taiwan’s most prominent venture capital funds invested 3.5 million. EUR. It is Taiwan’s first investment in a Lithuanian company from the 200 million USD fund allocated for Eastern and Central Europe.
At the investment stage, Ellex advised on legal matters, including due diligence and preparation of legal documents. The project was led by M&A partner Rūta Armonė and the team: associates Aušra Abraitytė, Kamilė Skrupskytė and Vilius Norvaišas.
Taiwan Investment Fund aims to strengthen cooperation between Taiwan and Central and Eastern European countries by investing in innovative technologies of the future. The Lithuanian company Litilit, which has established business relations with Taiwan, develops unique lasers, the demand for which is growing rapidly worldwide.
Taiwania Capital is a leading VC firm in Taiwan, backed by Taiwan’s public and private sectors. It manages six total funds, with a combined AUM of US $865 million. Taiwania Capital has invested in 49 companies globally, with 5 IPOs in the U.S. and Taiwan, 1 M&A, and 7 raising large subsequent rounds. The firm has offices in Taiwan, Silicon Valley, and CEE. The CEE Fund operates as private equity and venture capital fund by investing in companies with innovative technologies and growth potential. What sets the fund apart from other PE/VC funds is that it is dedicated to enhancing Taiwan-CEE collaborations.