Learn how L&M is helping take Remote Reality Systems to the next level

Industry:
Technology
Company Size:
Medium Business (1-50 employees)
Location:
Osijek, Croatia
Orqa

Services Utilized

Seed Round Due Diligence

Stock Options

Contract Review

Patents

REMOTE REALITY SYSTEMS

Orqa is a groundbreaking technology company that develops products for the First Person View (FPV) drone industry. On their quest to advance remote reality, Orqa has developed advanced FPV headsets, antennas, and accessories to enhance user experience and shape the future of the tech industry.

THEIR STORY

Orqa was founded in 2018 by Srdjan Kovacevic, Vlatko Matijevic, and Ivan Jelusic in Osijek, Croatia. Srdjan, Ivan, and Vlatko spent two years developing prototypes before launching a successful campaign on Kickstarter, which achieved over 200% of its goal in only five minutes. That momentum still hasn’t stopped.

Quote

"Working with L&M was a pleasure; clear and no nonsense advice, prescise and timely communication, and above all that willingness to go the extra mile for a client. L&M provides top-tier expertise and their service is very proactive."

GROWTH WITH L&M

L&M has served Orqa in a variety of areas throughout their partnership. The firm has provided strategic counsel in seed round due diligence, stock options, contract review, and patents.

SEED ROUND DUE DILIGENCE

L&M worked with Orqa to ensure comprehensive due diligence during their initial equity funding. The firm provided analysis on all strategic and legal issues, such as regulatory issues, contractual relations, and intellectual property protection.

STOCK OPTIONS

Lloyd & Mousilli worked with Orqa to develop comprehensive plans for equity awards, specifically Stock Option Grants for Orqa consultants. The firm managed all award planning and drafting, as well as corporate legal procedures to approve option grants within the company.

CONTRACT REVIEW

Throughout Orqa’s tremendous business growth, L&M has provided expert guidance on a multitude of crucial decisions, including partnerships, acceptance of funding, and distribution of equity. The firm reviewed all potential agreements in great detail, to ensure legal soundness and favorable terms for Orqa and its founders.

PATENTS

From the beginning, L&M recognized the unparalleled potential of Orqa’s technology, and has worked to ensure the highest level of intellectual property protection for the company. Upon determining that securing a patent was the best next step for Orqa, the firm managed the entirety of the patent process.

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