Lithuanian startup Amberlo was acquired by stp.one

Lithuanian software manufacturer Amberlo has been acquired by European legaltech provider stp.one. It is an exit for Lithuanian venture capital firms Iron Wolf Capital and 70V и Polish Next Road Ventures, Corvus Ventures, which invested $1.2M in Amberlo in 2021. 

Amberlo is a Lithuanian AI-based legal practice management platform founded in 2017 that helps simplify workflows in law firms and thereby increase their productivity. The company has offices in Lithuania and Ireland and serves over 1K clients. Amberlo's co-founders are Aidas Kavalis and Erika Kavalis.

stp.one is a German-based provider of innovative software solutions for law firms, legal departments and bankruptcy administrators. The company was founded in 1993 and was then called Suikat-Thies + Partner GmbH. The headquarters of stp.one are located in Germany. The company now has more than 400 employees serving more than 8K legal clients in 10 European countries.

Founded in 2018, Iron Wolf Capital is a Vilnius and London-based early-stage VC, that focuses on investment in AI, IoT, SaaS, Deeptech, Fintech startups, and marketplaces. The initial ticket ranges from €250K to €2M. The managing partners are Kasparas Jurgelionis and Zygimantas Susnys.

Founded in 2018 in Vilnius, 70V is a venture capital fund and accelerator. It manages two funds - 70Ventures Accel and Seed fund. 70V focuses on startups from the Nordic and Baltic regions. The fund provides milestone-based financing up to €400K. Partners in the fund are Per Moller, JB Daguené, and Gytenis Galkis.