Food for the Future (F4F). Investment round
1. Deal Description
Guerrero Olivos represented Food for the Future (F4F), pioneers in the development of cultivation technologies to seek to produce better, natural and healthier foods. They use the nutritional potential of insects to develop high nutritional products with functional benefits for the animals that consume them and are pioneers in the development of cultivation technologies.
Our venture capital team assisted F4F in a local USD4.5 million financing round. The team was in charge of drafting and negotiating all the documents in relation to the transaction including structuring the entrance of the new shareholders, term sheet, capital increase, shareholders agreement, and share subscription and payment agreements, among many others.
Before this transaction, we represented the company in the capitalization of outstanding loans (convertible notes) between the original shareholders and the company.
2. Counsel list
Counsel to F4F: Guerrero Olivos (venture capital and corporate areas)
Partner: Pedro Lyon
Associates: Francisca Martínez and Antonia Namur
Counsel to several investors: ACU Abogados
3. Date of closing
01/04/2021
4. Deal Value
USD4.5 million
5. Jurisdictions involved
Chile