Lewis Silkin has advised FilmChain on its €2.8 million series seed investment round
29 April 2024
Lewis Silkin has advised FilmChain on its €2.8 million series seed investment round, led by Holt IntersXion fund, with support from DeBa Ventures, among other investors
FilmChain is a London-based fintech which uses financial technology and blockchain to transparently and efficiently manage end-to-end transactions in the creative industries. Co-founded by Maria Tanjala and Irina Albita, the company has introduced a payment platform to provide immediate access to entitlements, financial reports and analytics which address challenges arising from delayed settlements and opaque financial processes and which are prevalent in the entertainment industries.
This financial milestone was achieved through a round led by Holt IntersXion fund, with support from DeBa Ventures and others. The investment signals a robust vote of confidence in FilmChain as it looks to expand its operations in North America.
Lewis Silkin has advised FilmChain on its corporate matters throughout its growth.
The Lewis Silkin team was led by Corporate Partner, David Willbe with support from Senior Associate, Peter Bates.
Commenting on the transaction, David Willbe said:
We are thrilled to have supported FilmChain in securing this significant investment, which will help fuel their mission to revolutionise payments in the film and TV industry. Advising on this fundraise serves as another example of our corporate finance and fintech expertise and we look forward to continuing to advise FilmChain in the future.
Maria Tanjala, co-founder of FilmChain said:
Lewis Silkin’s guidance throughout the transaction was instrumental in solidifying our vision for FilmChain. With their support, we were able to smoothly navigate the legal landscape and secure the support needed to boost FilmChain's growth.
For more information on how we can support your startup, visit CUBE by Lewis Silkin.