Legal Guidance Provided by GameChanger Law Advisors to Global Innovation Fund Regarding Investment in Blackfrog Technologies
In a significant development, Blackfrog Technologies, a Manipal-based technology startup, has secured a $1.7 million pre-Series A fundraise, led by the Global Innovation Fund. This investment will accelerate the development of three new cold chain products designed for diagnostics, pharma logistics, and clinical research.
The transaction was facilitated by DealstreetBar & GameChanger Law Advisors, with Amrut Joshi, Mahit Anand, and Janhavi Kukreja from GameChanger Law Advisors, and Amrut Joshi from DealstreetBar, leading the transaction team. The legal due diligence on Blackfrog Technologies was conducted as part of the fundraise.
The funding does not seem to be related to a specific investment round other than the pre-Series A round, and it does not specify a particular type of vaccine or immunization program. The new cold chain products are not detailed in depth, but Blackfrog Technologies has developed a patented system called Emvólio for precision cold-chain and vaccine traceability.
Blackfrog Technologies aims to improve the efficiency of immunization supply chains, and Emvólio is designed to provide logistical support in the last-mile delivery of vaccines. The location of the development of these new products is not specified beyond Manipal, Karnataka, India.
This investment is a testament to GameChanger Law Advisors' growing expertise in advising investors and companies in the technology and energy sectors. In addition to this deal, the firm has recently been involved in facilitating Speciale Invest's investment in Sthyr Energy's $1 million fundraise.
Blackfrog Technologies' new developments are expected to strengthen the startup's commercial offerings, contributing to the advancement of the technology sector in India. The company's innovative approach to cold chain management and vaccine traceability could have far-reaching implications for the global healthcare industry.
The investment secured by Blackfrog Technologies from the Global Innovation Fund will potentially leverage technology to strengthen their commercial offerings, particularly in the development of new cold chain products for diagnostics, pharma logistics, and clinical research. This deal, facilitated by DealstreetBar & GameChanger Law Advisors, underscores GameChanger Law Advisors' expanding proficiency in guiding investors and companies in the technology sector, having recently aided Speciale Invest's investment in Sthyr Energy's fundraise.
