Wierzbowski Eversheds Sutherland has advised EEC Magenta, the largest corporate venture capital fund on the Polish market, on its investment in the TakeTask platform. The Porebski i Wspolnicy law firm reportedly advised TakeTask on the series A financing round.
The EEC Ventures Group manages venture capital funds with a total capitalization of PLN 210 million. EEC Magenta specializes in funding the digitalization of energy, industry, and the circular economy. The fund is managed by Michał Ruminski, Rafal Małecki, Voytek Siewierski, and Konrad Sitnik.
According to Wierzbowski Eversheds Sutherland, "TakeTask specializes in automation of processes in corporations, supporting large retail chains and expanding its offer for industrial clients, the service industry, and restaurants. Using artificial intelligence, it assists clients in increasing their working efficiency and cutting costs. The company will use some of the funds raised from EEC Magenta for expanding the teams of software developers and project managers working on the development of the first platform of such complexity in Poland."
“The capital from the investment will be devoted among other things to TakeTask’s entry into other countries,” said Michał Ruminski, Managing Partner of EEC Magenta. “We operate in line with the model adopted at EEC Magenta for supporting innovative Polish tech firms in expanding onto foreign markets.” EEC Magenta will support TakeTask in the expansion process not only with capital, but also with knowhow and its network of business relationships.
Wierzbowski Eversheds Sutherland reports that it "also supported EEC Magenta in negotiations with the founders and Simpact, a Bridge Alfa fund which funded the company in 2018, as well as other key persons. Among other sources, TakeTask previously raised financing through the crowdfunding platform Beesfund."
The Wierzbowski Eversheds Sutherland team was led by Partner Michal Karwacki and included Lawyers Malgorzata Derus and Kamil Ciodyk and Senior Associate Natalia Burchardt.