DLA Piper ABBC acts for Armilar on WalliD investment

DLA Piper ABBC advised Armilar Venture Partners on its investment in Portuguese startup WalliD, which has created a blockchain authentication and identification platform.

Posted Monday, November 11th 2019
DLA Piper ABBC acts for Armilar on WalliD investment

João Costa Quinta

Armilar's investment was part of a €600,000 seed investment round, in which Imprensa Nacional-Casa da Moeda also participated.

 

WalliD was created in 2018 and incubated in Caixa Mágica Software, a spin-off of ISCTE - Instituto Universitário de Lisboa.

 

Users of the WalliD platform can store their identification documents in a digital wallet, where they can access them using an encrypted key.

 

The team of lawyers from Lisbon law firm DLA Piper ABBC advising Armilar on the deal included partner João Costa Quinta (pictured) and senior associate Rita Costa Carvalho.