2023 | By Circle LLP
Circle LLP advised Microtraction in connection with its US$15 million fundraise. The engagement forms part of the firm's work with the investor on fund and portfolio investment transactions across early-stage Africa.
Microtraction invests in early-stage African businesses. Circle LLP's work with the investor spans matters at both fund and portfolio level, supporting the legal needs of an investment business as well as its investment activity. This announcement concerns the fundraise, rather than an individual portfolio company financing.
The mandate reflects Circle LLP's venture capital practice, which includes work for funds, investment syndicates and founder-led businesses. The firm advises clients across fund formation, investment arrangements and the legal requirements of early-stage capital raising.