SRS Advogados advised Book in Loop on the negotiation of an investment agreement with the social welfare venture capital fund Fundo Bem Comum.
Book in Loop – which is a spin-off from Coimbra University – provides materials for educating children with the aim of “reducing families’ expenditure on textbooks by up to 80 per cent”.
Book in Loop is led by a group of three entrepreneurs who received initial investment from Portuguese business angels.
The SRS team was led by partner Paulo Bandeira. He said: “Book in Loop is a Portuguese startup that represents the perfect interconnection between the digital economy and a social project – this project has had a tremendous impact on families with children of school age, and being linked to an innovative project that allows families to save is a source of pride.”