First pageArticlesStratulat albulescu advises cyscale software developer and vc fund gapminder on a 3m eur seed funding round

Stratulat Albulescu advises Cyscale software developer and VC Fund GapMinder on a 3M EUR Seed funding round

On this complex cross border deal SAA had a double role and acted under a "Chinese Wall" set-up for both the investee (Cyscale) and one of the investors (GapMinder Venture Partners).

On the investee side, SAA advised Cyscale on a seed funding round of EUR 3 million led by the UK investment fund Notion Capital and which also included five others (GapMinder, Seedblink, Seedcamp and two Angel investors). On the investor side, a different team at SAA advised GapMinder VC on the negotiation of the transaction documents.

The start-up will use the investment to grow the team and the products and to develop internationally, especially in the UK market.

GapMinder ( is a Venture Capital Fund which aims at providing capital in Seed and Series A rounds for Romanian born start-up companies in the Technology Sector.

Founded in 2019, Cyscale ( is a start-up that develops software solutions to protect data stored in the cloud and performs risk data analysis. The company’s mission is to help companies of all sizes to start, improve and maintain their Cloud Security Program based on the industry best practices, to ensure continuous security and compliance.

The SAA team advising Cyscale was led by Managing Partner Silviu Stratulat and Partner Cristina Man and also included Senior Associate Vlad Sandulescu. The SAA team advising GapMinder was led by Partner Octav Stan and also included Associate Amanda Csaki.

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