SRS Legal advises C2 Capital Partners on investment in Brainr

SRS Legal advised C2 Capital Partners on an investment in Brainr, a technology start-up based in Leiria specialising in artificial intelligence solutions for coordinating operations in the food industry.

The SRS Legal team was led by partner Gustavo Ordonhas Oliveira and included associates Miguel Pereira Bonifácio, Solange Fernandes and Joana Ferreira Gonçalves from the firm's Private Equity & Venture Capital practice.

The investment, led by C2 Capital Partners, consists of a seed round worth up to €11 million, presented as the largest seed round ever carried out in Portugal, surpassing the previous record by around half a million euros.

This investment will accelerate Brainr's international expansion and extend its technology to other segments of the food industry.

‘We are very proud to have contributed to an operation that combines innovation and real value creation for the Portuguese economy. It was a challenging operation, in which the alignment between founder and investor was decisive in successfully closing a milestone-based round’, explains Gustavo Ordonhas Oliveira, head of the Private Equity & Venture Capital area at SRS Legal.

André Oliveira, Managing Partner at C2 Capital Partners, states: ‘Brainr has a team of highly capable people who are knowledgeable about the sector and able to transform operations, simplifying and optimising day-to-day factory operations. Brainr has everything it takes to lead the digitalisation of the food industry.'