RASK advised HotelBuddy on the inclusion of convertible loans.
Case
RASK attorneys-at-law Karl-Kristjan Kahm and Timo Kullerkupp successfully advised startup HotelBuddy Technology with the engagement of two convertible loans and the related issue of shares to investors.
A convertible loan is a flexible financing option that has become popular among fledgling startup companies. "Convertible loans are practical equity instruments for early-stage startups, which provide flexibility and advantages to founders and investors alike," said Karl-Kristjan Kahm. The use of convertible loans helps to balance the interests of investors and founders, focusing on the company's growth. "This is a strategic step to strengthen the company's capital structure and create new opportunities for growth and development," added Kahm.
HotelBuddy Technology is an Estonian startup focusing on software solutions for hotels and others active in the field of hospitality. In short, hotels are provided a self-service environment through which customers can complete everything necessary for their visit online. This way, HotelBuddy helps eliminate long queues and excessive paperwork.
The clients of HotelBuddy are hotels with more than 100 guestrooms which seek to provide a better service to their customers through the optimisation and automation of their reception processes. The goal of the startup is to revolutionise the guest journey withiin the hotel industry through digitalisation.