Authena completes a CHF2.3m seed financing round. The advisors
Authena, a Zug-based startup which provides a blockchain-based technology to fight product counterfeiting and the lack of transparency in supply chains, has completed a seed financing of over CHF 2.3 million from angel investors from Switzerland and the United Kingdom. The firm also received funding from Ecliptic Capital, an innovation fund focused on pre-seed, seed, and series A investments headquartered in Austin, Texas. With this investment in Authena, Ecliptic Capital completed its first investment outside the US.
Authena plans to use this new funding to ensure continued growth and the development of new prototypes for major customers.
The advisors
MLL has accompanied Authena in their financing round. The MLL team was led by partner Mark Montanari (corporate / m&a, pictured) and further consisted of senior associate Evelien Zemp (corporate & m&a /notarial services), counsel Benjamin Dürig (corporate / m&a) and partner Nicola Benz (IP).
Lenz & Staehelin advised Ecliptic Capital as lead investor in this transaction. The team included partner Beat Kühni (pictured left), associate Rebecca Rötheli and trainee lawyer Noémie Ammann (all corporate and m&a).
