Spice Route Legal assisted Foundamental on a pre-Series C investment into Indonesian Construction and Interior Design Platform, Dekoruma.The Investor Club included Foundamental, InterVest Star SEA Growth Fund 1, OCBC NISP Ventura, and Skystar. The existing investors of Dekoruma also participated in this round.
The Investee company was represented by PHY Law Corporation, a regional law firm with offices in Singapore and Indonesia.
The Spice Route Legal team that assisted on this matter comprised of Mathew Chacko, Arun Jerome, Renuka Abraham, Aishwarya Prasad, Kavya Pankaj and Janhavi Joshi. Tuah and Suparto acted as local counsel for the investors.
“This deal is another example of the many instructions we have received to act as lead counsel in deals in South East Asia, especially in matters related to Technology, Media, and Telecommunications and the Digital Economy. We are, as of now, acting as lead counsel on technology, media, data and venture capital deals in Indonesia, Philippines, and Singapore. Exciting times for a firm that was built on the idea that digital businesses do not respect national boundaries!” says Mathew Chacko.