K&L Gates has advised PFR Ventures on its investment in the Cogito Capital Partners fund, created to support startups in the growth phase. Dentons advised Cogito on the deal.
The finalization of the first closure of the Cogito Capital fund reached EUR 55 million. The financing granted by PFR Ventures within the framework of its KOFFI FIZ fund will amount to PLN 60 million, with the joint CVC fund from PFR and NCBR allocating up to PLN 43 million for the undertaking.
The European Investment Fund will also invest up to PLN 107 million.
Cogito Capital Partners is a venture capital fund investing in technology companies from Central Europe, the Baltic States, Germany, and Switzerland. The fund primarily supports technological startups in the financial and insurance sectors (Fintech, Insurtech), medical devices, the Internet of Things, and robotics.
According to K&L Gates, PFR Ventures is a so-called fund of funds, which together with private investors, business angels, and corporations, invests in venture capital funds.
K&L Gates Jamka's team consisted of Partner Michal Petz and Senior Associates Artur Kloc and Wanda Kudrycka.
The Dentons team included, in Warsaw, Counsels Inga Dulska and Dariusz Stolarek and Investments Fund Coordinator Michal Kordaczuk, and Managing Partner Frederic Feyten and Partner Eduard Koster from the firm's Luxembourg office.