Eversheds Sutherland has advised Cogito Fund I on its first investment in MarketInvoice, a London-based online invoice finance platform. Taylor Wessing advised MarketInvoice on the deal.
According to Eversheds, the Cogito fund I participated in MarketInvoice's Series B funding for EUR 30 million.
The Cogito Fund I team will support MarketInvoice in the launch of a cross-border Fintech-bank partnerships program and expansion into new markets in Europe, including Poland.
The series B round takes Marketinvoice’s total equity funding to date to more than GBP 50 million.
Cogito Capital Partners, founded in 2018 by Poles Sylwester Janik and Martin Jasinski, is a late- and growth-stage venture capital firm that focuses on investments in technology companies operating in Central Europe. Based in Warsaw and New York, the firm manages Luxembourg-domiciled Cogito Fund I SICAV SCSp RAIF, which invests primarily in Series-B and C and partners with entrepreneurs seeking investors with regional presence and global reach. Cogito investments are focused on three key B2B technology sectors: enterprise software, Fintech and Insurtech, and mobility.
The Eversheds Sutherland cross-border team consisted of Warsaw-based Partner Michal Karwacki and Senior Associate Natalia Burchardt and Birmingham-based Associate Charlotte Singh.