Karün’s €2.5 Million Round Funding


CMS Carey & Allende, CMS UK and Ashurst advised on the deal

Blue, a Stockholm-based investment company, has invested €1.25 Million in sustainability-driven Chilean eyewear maker Karün, which turns reclaimed materials such as fishing nets into premium, high-quality sunglasses.Karün sunglasses have already caught the attention of world top sporting celebrities such as top Chilean surfer Ramón Navarro as well as organizations like the Volvo Ocean Race.

The Blue investment, which is part of the total 2.5m investment round including investors such as Luna, an investment organization founded by Lucy Ana Walton, is designed to significantly strengthen Karün’s fast-track global brand building and development of a number of new product lines, marketing and organization in new markets around the world.

CMS Carey & Allende advised Karün in Chile with Ramón Valdivieso R. (Picture) and Adolfo Romero E.

CMS UK advised Karün in London with Anthony Waller and Kate Blumhof.

Ashurst advised Blue AB with Tara Waters and Shaz Ali.

Involved fees earner: Shaz Ali – Ashurst; Tara Waters – Ashurst; Kate Blumhof – CMS Cameron McKenna Nabarro Olswang LLP; Anthony Waller – CMS Cameron McKenna Nabarro Olswang LLP; Adolfo Romero – CMS Carey & Allende; Ramón Valdivieso – CMS Carey & Allende;

Law Firms: Ashurst; CMS Cameron McKenna Nabarro Olswang LLP; CMS Carey & Allende;

Clients: Blue AB; Karün;

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Author: Ambrogio Visconti.