CMS has advised mBank on establishing the mAccelerator corporate venture capital fund.
According to CMS, mAccelerator "is considered the leading 'fintech lab' program in the CEE region, both in terms of the investment value and the number of potential users. Funds of EUR 50 million (over PLN 200 million) are earmarked for the development of new technologies to help financial institutions meet the challenges of the fintech era. The fund intends to invest in young firms, which have the growth potential to become partners for global financial institutions."
CMS lawyers advised on the structuring and setting up of the fund and will support its day-to-day operations, which invests in the development and commercialization of new technology. The firm's team was led by Counsel Lukasz Dynysiuk and included Counsel Blazej Zagorski and Senior Associates Rafal Kluziak, Grzegorz Paczek, and Piotr Nowicki.
