Orrick Advises Blacksheep Ventures on European Investments


February.16.2022

We advised Blacksheep Ventures, a European venture capital fund with entrepreneurial background managed by EUREKA! Venture SGR Spa, on its investments in ID Ward, a British startup offering data privacy solutions in the digital advertising sector, and Scibids Technology, a French startup operating in the digital marketing sector.

BlackSheep MadTech Fund, the first European mid-stage venture capital fund specializing in MadTech, led the €1.1 million capital increase of IDWard with the aim of launching the platform in Europe. The fund also invested €2 million in Scibids to foster further international development of the company, which is already present in Europe, the United States, Asia Pacific and Latin America. In both cases, the operation saw Marco Caradonna joining the board of the company as representation of the fund.

The Orrick team was coordinated by Attilio Mazzilli, and included Shawn Atkinson, Benjamin Cichostepski, Elena Cozzupoli, Emma Zarb, Manon Speich and James Badge.