B&E successfully advised Reuse, a Chilean marketplace dedicated to the repair and sale of electronic equipment, in the structuring of a major financing round.

The structuring and materialisation of the financing round included: (i) a corporate reorganisation pursuant to which new parent companies were incorporated in Delaware, USA and Cayman Islands; (ii) the organisation and coordination of the due diligence process carried out by the investors; and (iii) the preparation, negotiation and closing of the financing documents, as well as the other ancillary documents entered into with each investor.

The transaction included the participation of Seaya Cathay Fund as lead investor, as well as the participation of other well-known venture capital funds, including Dalus Capital, Ignia, Silence and Buenaonda Investments (an investment fund structured by the founders of Cornershop).

The funds raised from the financing round will be used to accelerate the company’s international expansion process, as well as to ensure the retention and recruitment of new employees. This is in addition to the operations that Reuse is already successfully developing in Chile, Peru, Mexico and Colombia.

We invite you to read the news here: 1 & 2