Poland

KWKR had the pleasure of supporting the Luxembourg investment fund Radix Ventures in the process of investing in the Polish company Proteine Resources. This investment was particularly interesting for the KWKR team, as it enabled us to deepen our expertise in the field of advanced biotechnology. As part of the services provided, KWKR advised on the comprehensive due diligence of the company as well as the drafting and negotiation of the investment agreement. Thanks to the cooperation between the teams, we were able to optimise the investment process, which contributed to building solid business relations between Radix Ventures and Proteine Resources. The transaction was led by partner Paulina Opiełka and senior associate Aleksander Bobrowski. The due diligence process was additionally supported by associates Dominik Korybalski and Katarzyna Mikosz (corporate), managing associate Bartosz Łabęcki and associate Weronika Szachniewicz (IP), associate Kamila Kasprzyk (real estate), and associate Anna Bartosiak (compliance). In the investment process, we cooperated with CK Legal. We sincerely thank them for the fruitful cooperation. It is worth emphasising that this is another Radix Ventures investment carried out with the support of KWKR. This year, we also supported the fund in its investment in the Latvian company Naco Technologies [link: https://kwkr.pl/kwkr-doradzala-radix-ventures-przy-inwestycji-w-naco-technologies/], specialising in hydrogen technologies, as well as in the Polish company Fresh Inset, a leader in innovative CleanTech solutions [link: https://kwkr.pl/kancelaria-kwkr-doradzala-radix-ventures-podczas-inwestycji-w-spolke-fresh-inset/]. Proteine Resources is a Polish innovator in the biotechnology sector that has developed patented EntoPro™ ingredients, significantly transforming the pet feed market. The solution stands out by combining AI-driven autonomous production, advanced biotechnological innovation, and a circular economy model that turns agricultural by-products into high-value ingredients. KWKR has once again confirmed its expertise in effectively supporting international investment projects, contributing to the development of innovative and sustainable technologies on the Polish and European markets.   Bogdan Setlak Marketing specialist [email protected] +48 504 034 729

The KWKR law firm provided comprehensive legal services to the funds Digital Ocean Ventures Starter and 24Ventures in connection with their joint investment transaction in the company Muzaic, which is developing a platform for generating original soundtracks using artificial intelligence. The funds obtained will be allocated to further technology development, expansion to new creative platforms, and strengthening of the team. The KWKR team provided comprehensive legal support from conducting due diligence, through preparing the investment agreement, to final negotiations. The transaction on behalf of KWKR was supervised by a team of experts consisting of: partner Paulina Opiełka (corporate), senior associate Paweł Machowski (corporate), associates Dominik Korybalski (corporate), Anna Bartosiak (compliance), and Joanna Kik (TMT). The company and its founders were represented by the GSW Szalc i Wspólnicy law firm, with the project coordinated by attorney Maria Janicka. Muzaic addresses the main problem faced by video content creators – access to legal music that truly fits their projects. The platform generates original soundtracks within seconds, tailored to the style and mood of the material. The uniqueness of the solution lies in the use of AI models trained exclusively on the company’s own music, which ensures full legality of the works. Within a few months of its launch as a plugin in Canva, Muzaic gained over 250,000 active monthly users and is now expanding its presence to additional platforms, including Adobe Express, Premiere, and Final Cut. The transaction represents the third investment of the Digital Ocean Ventures Starter fund in the field of artificial intelligence solutions handled by KWKR, following previous support provided to the companies Flathub (Gaius-Lex project) [link: https://kwkr.pl/en/kwkr-advised-the-digital-ocean-ventures-starter-fund-on-its-first-investment-in-the-gaius-lex-project/] and 1Security [link: https://kwkr.pl/en/kwkr-advised-digital-ocean-ventures-starter-on-its-investment-in-1security/]. All the investments are part of the fund’s strategy to support innovative Polish startups developing AI-based solutions for various sectors of the economy. We are pleased that our team could once again support a project that uses artificial intelligence in an innovative way. We are convinced that Muzaic will contribute to the democratization of access to professional music production and open new opportunities for content creators around the world.   Bogdan Setlak Marketing specialist [email protected] +48 504 034 729

Established by the UN, the United Nations Global Compact unites businesses and institutions in working towards a more just, transparent and sustainable future. Today, it is the world’s largest initiative bringing together businesses and organisations around the idea of sustainable development. And we are an active and committed member. We have just confirmed this by submitting our third Communication on Progress report, which certifies our commitments to act in accordance with the highest ethical standards and principles of responsible business. We have submitted our Communication on Progress 2025 report The Communication on Progress (CoP) report is an annual public report in which we present our activities and progress in implementing the Ten Principles of the UN Global Compact and the 17 Sustainable Development Goals (SDGs), which include: Respect for human rights Fair business practices Counteracting corruption Environmental protection CoP is proof of our transparency and demonstrates our consistent efforts to conduct our business responsibly with future generations in mind, says Diana Tavera, Partner at Kochański & Partners. We were the first law firm in Poland to establish an internal ESG Committee, and reporting is just one of its tasks. Although this is a demanding process involving various areas of the firm, it helps us analyse our activities and translates into tangible decisions regarding responsible business, adds the initiator and chair of the Committee. We are raising our corporate governance standards We have implemented a number of internal policies and procedures that reinforce our organisational culture, which is founded on ethics, integrity, and sound management. These include the Sustainable Business Policy, the Anti-Bullying and Anti-Discrimination Policy, the Code of Ethical Conduct, the Diversity and Inclusion Policy, as well as a number of regulations and procedures relating to cybersecurity, all of which reflect the highest standards of business management. These documents enable us to engage all our employees in ESG activities. The CoP report also provides an opportunity to summarise the effects of our activities, including those related to equality. One such effect is that important positions such as Chief Financial Officer, Chief Human Rights Officer, People & Culture Executive, Labour Relations Executive, and Chief Sustainability Officer, as well as partners and leaders of many legal practices at Kochański & Partners, are held by women. Companies around the world recognise the importance of sustainable business practices The importance of reporting is clearly visible on a global scale. Almost 11,000 companies from 149 countries submitted their CoP reports in 2024 alone, and over 47,000 reports have been produced worldwide since the programme’s launch. Notably, the majority of organisations (73%) opted to use the standardised UNGC questionnaire, demonstrating the value that companies place on transparency and data comparability. It is also becoming increasingly clear that ESG reporting is evolving into a strategic issue. The vast majority of companies (as many as 80%) involve their management boards in this process, meaning that sustainability issues are treated as the foundation for business decisions rather than just an add-on. UNGC members are a diverse group – 54% are small and medium-sized enterprises, while the remaining 46% are large companies. They all however share a common belief: that business should be conducted in an ethical and responsible manner. Their priorities clearly demonstrate that human well-being lies at the heart of their activities: 87% of companies identify employee health and safety as the most important issue 78% emphasise the importance of gender equality The reports also reveal areas that require further work, as only 25 to 40 % of companies extend their sustainability policies across the entire value chain. This leaves enormous potential for joint development and sets the direction for the coming years. In 2024, the highest level of commitment was declared by companies in the following four areas: Gender equality Safe and healthy working environment Efficient use of energy and resources Anti-corruption compliance programmes These issues are now setting the global standard for responsible business and providing a benchmark for all participants in the initiative. Kochański & Partners are once again pioneers in their industry When we joined the United Nations Global Compact in 2022, we paved the way for other law firms and consulting companies to follow suit. Thanks in part to the CoP regular reports, we have since been among the thousands of companies and organisations from around the world working to make business a force for positive change. The CoP is not just a formal obligation; above all, it is a tool for measuring our progress. We are not only committed to meeting standards, but also to improving them. Just as we consistently develop in the spirit of ESG, we are fully committed to supporting our clients in doing the same. Together, we can build value that goes beyond the scope of business.

From paying for your morning coffee with your phone to quick online applications and loans and smart home budget management in an app, the future is here. What sounded like science fiction a decade ago is now our everyday reality. This is being driven by fintech, one of the fastest-growing sectors of the economy. In this industry, one innovation follows another, with new technologies paving the way for further revolutions. And Poland is one of its European leaders. However, it is also a world full of challenges, complex regulations and ongoing questions about security. This is why the Map of Polish Fintech was created. This annual report serves as a compass on this fascinating yet demanding journey. Its authors, the Cashless.pl website team, identify leaders, analyse trends and demonstrate who is truly shaping the future of finance in Poland. For another year running, we have found ourselves among this elite group. We are a partner of Polish fintech companies The Polish fintech market is in excellent shape: 383 innovative companies in 2025 (15 more than last year) This figure has more than doubled since the first edition of the map in 2018 86% of companies achieve a positive financial result, the best result in the report’s history The vast majority specialise in payment solutions and software development for the financial and banking sectors. As the authors point out, this is the best evidence of the extensive opportunities for collaboration between the seemingly separate sectors of payments, banking, and technology. Moreover, these areas stimulate one another, with their progressive development generating new potential and partnerships. This creates an environment that fosters innovative solutions, and not only financial ones. This mature, stable and increasingly professional ecosystem attracts talent and capital. However, it also requires effective lawyers who can skilfully navigate through the challenges of digital payments, tokenisation, artificial intelligence and international expansion, such as compliance with Polish and European regulations, the secure implementation of technology, data protection and transfer, licensing, and much more. Our presence on the Map of Polish Fintech proves that we are an integral part of this ecosystem. We can feel its rhythm, we know its key players and provide them with real support. What does this mean for our Clients? We speak the language of the industry: As many as 66% of Polish fintech companies offer their services to businesses. We understand the specifics of these relationships, sales cycles and the challenges of creating value for other businesses We focus on the future: Artificial intelligence, tokenisation, biometrics – we look at technology trends practically, which is why we help implement secure and legitimate innovations We support both mature companies and ambitious newcomers. The Polish market is well-established, with almost half of companies being between 6 to 16 years old. We advise experienced companies considering international expansion, as well as start-ups requiring solid foundations for growth We build bridges, not walls. In the fintech sector, success is based on forming partnerships and building robust ecosystems. We help to create a secure framework for collaboration between technology companies, banks and financial institutions because we know that together much more can be achieved The future is now. Let’s create it together Poland has proven to be the technological and financial hub of Central and Eastern Europe. And we are part of this fascinating story, effectively supporting those who change our reality for the better every day.