November 15, 2024

Captain Growth: Helping AI Startup Prepare for $3.75M Exit Due Diligence

TABLE OF CONTENTS

Highlights

The Legal Nodes team supported Captain Growth with their due diligence for their acquisition by tech marketing giant Perion. Captain Growth’s exit was worth almost $3.75 m U.S. dollars.

Captain Growth was a Kyiv-based startup that developed a proprietary AI platform to better connect and deliver relevant campaign messages through the entire ad journey. They worked to replace ineffective AI systems with a next-generation system, solving the problems of user control functionality and ad unit scaling.

What we did

Lawyers from Legal Nodes supported Captain Growth with:

  • the audit of incorporation documents, open-source and intellectual property rights
  • privacy topics and material agreements
  • required government filings and communication with governmental bodies

“Legal Nodes helped us when we needed legal support the most. We were looking for a legal team willing to jump on the project from day one and be dedicated to the project for a long time. Luckily, we met Legal Nodes, and they helped us succeed”, said Dmytro Bilash, Co-founder at Captain Growth.

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Because Mergers and Acquisitions (often referred to as “M&As”) require legal expertise from several fields of practice, they are considered some of the most complex types of deals in the legal world.

“For two months, Legal Nodes experts worked tirelessly to prepare Captain Growth’s due diligence for their exit. Because the deal involved the acquisition of the whole company, it required legal expertise from various fields of law. We are beyond excited about the acquisition deal as this is a great example of Ukrainian IT talents. We wish the project’s founders and the team more accomplishments in the future”, said Nestor Dubnevych, Co-founder and COO at Legal Nodes.

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