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Tuca Zbarcea and Asociatii Advises Accel Partners on Funding in UiPath

Tuca Zbarcea and Asociatii Advises Accel Partners on Funding in UiPath

Romania
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Tuca Zbarcea & Asociatii has advised Accel on its EUR 30 million Series A investment, made in participation with Earlybird Venture Capital, Credo Ventures, and Seedcamp, into UiPath, a robotic process automation software company. The funding will be used to accelerate UiPath's global expansion and product development.

UiPath builds intelligent software robots that help businesses automate repetitive processes by leveraging cutting-edge computer vision technology. The US-based company was founded in Romania, and has additional offices in the UK, India, Singapore, and Japan. The company has 200 customers and over 150 partners around the world. According to a UiPath press release, "large organizations across every industry spend a significant amount of time and resources performing such processes across HR, finance, accounting and operations (e.g. claims handling for insurance providers, employee onboarding, back office support etc). Digitizing these processes improves productivity, accuracy and compliance dramatically, allowing employees to focus on more creative and strategic work."

"This investment will allow us to introduce the benefits of intelligent RPA to even more businesses around the world and remain at the forefront of a rapidly-advancing industry,” commented UiPath CEO and Founder Daniel Dines. “We are making work more inspiring and effective for the people that drive our businesses and economies forward, and the potential that remains untapped for organizations is what makes this such an exciting market to work in.”  

“UiPath is the backbone for the intelligent enterprise,” Luciana Lixandru, Partner at Accel, commented. “Daniel’s clear and ambitious vision for the company has helped drive impressive traction in a short period of time. Many enterprises around the world are recognizing how its RPA software can make their business smarter, and yet UiPath has only scratched the surface.”

The TZA team was led by Partner Sorin Vladescu, supported by Managing Associate Mihaela Nyerges.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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