Vayant Travel Technologies Inc. has been funded since 2007 by a group of private investors and venture capitalists including Neveq and Cape Capital.
The new investment is part of Vayant’s development strategy “to intensify its business growth within the airline industry and support airline efforts in view of flexibility and distribution”.
Boyanov & Co.’s team led by partner Damian Simeonov advised Vayant on all aspect of the transaction and coordinated the work of Delaware lawyers. The deal involved several transaction documents governed by Delaware law. Although the company is registered in Delaware it does business through a Bulgarian subsidiary which employes about 40 software engineers.