Cuatrecasas advises Zharta technology on hybrid investment round

Cuatrecasas has advised Zharta and its founders Diogo Pires, Nuno Cortesão and Pedro Granate, on a complex operation of structuring and execution of a hybrid investment round. This involved a capital increase subscribed by investors for a total amount of USD 4.3 million and the acquisition of crypto-activities to be issued by Zharta in the future.

Zharta is a Portuguese company that developed a platform that makes use of a set of smart contracts to grant and receive instant loans of crypto-assets through collateralisation of NFTs (Non-Fungible Tokens), in a decentralised and automated environment, without the need for custody of any of the assets placed as collateral.

The investment was carried out through the execution of SAFTs (Simple Agreements for Future Tokens) and through the acquisition of equity, by means of a capital increase carried out in the company. Among others, the German companies Greenfield One and Possible Ventures and the Portuguese company Shilling participated in the investment.

The advice to Zharta in this round of investment was provided by a team from Cuatrecasas, led by Vasco Bivar de Azevedo, a partner in the Corporate and M&A area, who specialises in Venture Capital, and included António Pires de Lima, from the same area, and Nuno Lima da Luz, from the Intellectual Property, Technology, Media and Telecommunications area, who specialises in Web3 and blockchain.