TrueLayer Group Holdings, a UK fintech operating in open banking, has closed a $27 million investment round. LCA advised CDP Venture Capital and Rialto on the transaction through its Emerging Companies & Venture Capital team.
CDP Venture Capital took part in the round through its Large Ventures fund. AVM, an EuVECA manager and Società Benefit (benefit corporation), also invested on behalf of the Rialto I EuVECA fund. A consortium of new and existing investors joined them.
The LCA team included Equity Partner Andrea Messuti, Managing Associate Daniele Ferrone and trainee Gianmarco Pacini. Equity Partner Leah Dunlop and Mid-Level Associate Valerio Navarra handled the English corporate law aspects. Partner Giancarlo Ranucci and Associate Davide Machiorlatti worked on the European regulatory matters.
Goodwin Procter worked alongside LCA on English regulatory and employment law matters. McCann FitzGerald covered European regulatory matters, Irish law and Irish employment law. TrueLayer was advised by its in-house legal team.
At CDP Venture Capital, General Counsel Alessandro di Gioia led the team on the transaction, together with Debora Perciballi, Head of Legal Affairs – Direct Investments.
Read the news: Legalcommunity, TopLegal, Closeup Media, MonitorLegale
