KWKR Konieczny Wierzbicki i Partnerzy

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

KWKR advised the Digital Ocean Ventures Starter fund on another investment transaction, this time in 1Security – a company developing a platform that secures Microsoft 365 collaboration environments in the context of implementing artificial intelligence tools. The funds raised will be allocated to the creation and commercialization of a platform designed to protect Microsoft 365 environments from the risk of data leaks during the deployment of AI solutions. The KWKR team provided comprehensive legal support, from due diligence, through drafting the agreement, to final negotiations. The KWKR team members involved in the transaction were: senior associate Paweł Machowski (corporate), associates Dominik Korybalski (corporate), Kamil Stengert (corporate), Anna Bartosiak (compliance), and Joanna Kik (TMT). 1Security addresses a critical challenge of the AI era – the permissions sprawl within Microsoft 365. The platform builds an intelligent security layer that provides a real-time permissions map, automatic access correction, and AI-powered detection of sensitive data. This solution protects organizations from excessive access of AI tools such as Copilot to sensitive corporate data. The firm cooperated with the company’s and founders’ legal advisors – LLW law firm and legal counsel Jędrzej Szymczyk. This transaction marks the second investment of the Digital Ocean Ventures Starter fund, following its earlier support for Flathub, the company behind the Gaius-Lex project (https://kwkr.pl/en/kwkr-advised-the-digital-ocean-ventures-starter-fund-on-its-first-investment-in-the-gaius-lex-project/). Both investments are in line with the fund’s strategy of supporting innovative Polish startups developing AI-driven solutions for various sectors of the economy. Bogdan Setlak Marketing specialist [email protected] +48 504 034 729

The KWKR team advised DOV Starter (Digital Ocean Ventures Starter) on its first investment, supported by the European Funds for a Modern Economy (FENG), in Flathub sp. z o.o. – the company behind Gaius-LEX, an AI-powered legal assistant designed to support lawyers and law firms.   The total transaction value amounted to approx. PLN 1.85 million. The round also included a co-investment by business angel Vladyslav Muzhylivskyi, PhD. The funds will be used to support the further development of Gaius-LEX in both Poland and international markets.   KWKR provided comprehensive legal support to the fund at every stage of the transaction – from legal due diligence through the preparation and negotiation of investment documentation to transaction closing. The project required close cooperation with the DOV investment team, the company’s founders, and legal counsel representing Flathub. It also involved collaboration across various internal teams at KWKR and an in-depth understanding of the legaltech sector and AI-related regulations in the legal industry.   The KWKR team involved in the transaction included experts from the corporate practice: partner Paulina Opiełka, senior associate Paweł Machowski, associates Katarzyna Mikosz, Dominik Korybalski, and Kamil Stengert, as well as junior associates Sandra Murdzek and Maciej Ziemiański (all from the corporate team). The project was also supported by associate Anna Bartosiak (compliance), associate Joanna Kik (TMT), and intern Milena Taciuch from the corporate law team.   The founders and Flathub were advised by the law firm The Heart Legal.   This transaction marks the first investment by the DOV Starter fund and reflects the global trend of increasing investment in AI-based legal solutions. According to publicly available forecasts, the legal AI market is expected to grow from USD 1.4 billion to USD 3.9 billion by 2030.   What sets Gaius-Lex apart in the legaltech space is its use of lightweight, local sLLM models instead of large cloud-based language models. These models can be run directly on the client’s infrastructure, significantly enhancing data security by eliminating the need to send sensitive legal information to external systems.   Bogdan Setlak Marketing specialist [email protected] +48 504 034 729  

KWKR Law Firm advised its long-standing client Software Mind sp. z o.o. on the acquisition of the remaining 30% shares in American companies Virtual M Inc. and The Big Three 912 Inc. The transaction enabled full consolidation of the Software Mind capital group in the United States. As a result of the execution of the agreement to acquire the remaining 30% interest (SPA) in the share capital of the subsidiaries of Software Mind Inc. (a subsidiary of Software Mind sp. z o.o.), i.e. Virtual M Inc. and The Big Three 912 Inc, our client has become an indirect owner of 100% of the shares in both companies based in Delaware (USA). Earlier, in February 2022, Software Mind Inc. had already acquired 70% of the shares in the share capital of the indicated companies from the same shareholders. KWKR's team successfully negotiated the terms of the SPA and coordinated the procedure for the international signing and closing of the transaction. The firm worked with lawyers from the US and Argentina, as well as the client's in-house legal department. The project required the interaction of various specialist teams, including tax advisors, and efficient communication between all parties to the transaction. The matter was overseen by our expert corporate team: partner Paulina Opiełka, senior associate Rafał Wiliński and junior associates Maciej Ziemiański and Sandra Murdzek. US law firm Lippes Mathias also participated in the transaction as local counsel. The transaction was the subject of an ESPI Report published by the shareholder of Software Mind sp. z o.o., i.e. the company under the name: Ailleron S.A. (ESPI Report No. 4/2025: https://ailleron.com/pl/raporty/raport-espi-nr-4-2025/).

KWKR Law Firm was pleased to support the Luxembourg-based investment fund Radix Ventures in its accession to Naco Technologies, a Latvian company specialising in the development of hydrogen technologies (production of nano-coatings for green hydrogen systems). This investment was part of the company's next round of funding and amounted to €1.5 million. Our services included comprehensive legal services, including negotiation of the investment agreement with the company and its shareholders. At the same time, we coordinated with local legal advisors in Latvia to ensure Radix Ventures' smooth and compliant entry into the company as a new investor. This project was of particular interest to us, as it is not every day that we are in contact with Latvian law. This cooperation allowed us not only to successfully achieve the client's stated investment objectives, but also to expand our competence to a new, albeit close, and extremely interesting market. Thanks to effective negotiations and close cooperation with local advisors, we were able to optimise the investment process, which contributed to building a solid business relationship between Radix Ventures and Naco Technologies. The transaction was overseen by Paulina Opiełka, partner at KWKR, with the support of senior associate Rafał Wiliński. KWKR Law Firm has once again confirmed its competence in effectively supporting international investment projects, contributing to the development of innovative technologies on the Polish and European markets.  

KWKR Law Firm had the pleasure of advising BidFinance and its founders and existing shareholders in the process of securing financing from the venture capital funds 4growth VC, FundingBox Deep Tech Fund, and a group of individual investors. The total value of the transaction amounted to PLN 7 million. This marks the first venture capital transaction financed with FENG funds. The transaction was complex and comprised several elements. Our services included comprehensive legal support throughout the investment process, including representing the company and its existing shareholders in negotiations of the investment agreement. KWKR professionally guided the client through the entire process, coordinating the transaction closing. The matter was handled by our corporate team of experts: senior associate Paweł Machowski, partner Paulina Opiełka and junior associate Sandra Murdzek. The 4growth VC fund was advised by the LSW law firm. BidFinance is an innovative fintech company that has revolutionized the Polish debt trading market by launching the first platform for online auctions of debt portfolios. This solution enhances transparency and efficiency in the process, enabling sellers (such as banks, lending companies, energy providers, and leasing firms) to obtain the best available market price, while offering buyers (such as debt collection companies and funds) equal access to information. The funds raised will enable the company to further develop its platform and expand into foreign markets, with a particular focus on the Nordic countries. BidFinance also plans to introduce new features and additional types of auctions. We are proud that KWKR has once again demonstrated its expertise in handling complex venture capital investment transactions, supporting the growth of innovative technological solutions in the financial sector. We welcome further funds and companies to join us in collaboration.

KWKR Law Firm was pleased to support the Luxembourg-based investment fund Radix Ventures in its accession to Naco Technologies, a Latvian company specialising in the development of hydrogen technologies (production of nano-coatings for green hydrogen systems). This investment was part of the company's next round of funding and amounted to €1.5 million. Our services included comprehensive legal services, including negotiation of the investment agreement with the company and its shareholders. At the same time, we coordinated with local legal advisors in Latvia to ensure Radix Ventures' smooth and compliant entry into the company as a new investor. This project was of particular interest to us, as it is not every day that we are in contact with Latvian law. This cooperation allowed us not only to successfully achieve the client's stated investment objectives, but also to expand our competence to a new, albeit close, and extremely interesting market. Thanks to effective negotiations and close cooperation with local advisors, we were able to optimise the investment process, which contributed to building a solid business relationship between Radix Ventures and Naco Technologies. The transaction was overseen by Paulina Opiełka, partner at KWKR, with the support of senior associate Rafał Wiliński. KWKR Law Firm has once again confirmed its competence in effectively supporting international investment projects, contributing to the development of innovative technologies on the Polish and European markets.  

KWKR Law Firm supported Digital Ocean Ventures Starter sp. z o.o. in the formation of a new Venture Capital investment fund under the PFR Starter 2.0 programme. The fund raised funding of PLN 45 million.  Our services included support in negotiating an investor agreement with PFR Ventures and individual investors (LPs), as well as carrying out a number of legal and organisational activities to enable the signing and implementation of the agreement. As the fund is being formed under the PFR Starter 2.0 programme, the process involves additional formal and legal challenges arising from the programme rules and regulations related to the provision of state aid. The fund, which raised funding of PLN 45 million after the second closing, will invest in early-stage companies. The fund's main areas of investment interest include digital transformation supported by technologies such as AI and fintech. The transaction was overseen by Paulina Opiełka, partner at KWKR with the support of associates Paweł Machowski, Katarzyna Jakubowska-Kaleta and junior associate Maciej Ziemiański. KWKR Law Firm has once again proven its competence in effectively supporting complex investment projects, enabling the development of innovative companies on the Polish market. The transaction was overseen by Paulina Opiełka, partner at KWKR with the support of associates Paweł Machowski, Katarzyna Jakubowska-Kaleta and junior associate Maciej Ziemiański.  

KWKR Law Firm advised NCBR Investment Fund ASI S.A. in its co-investment in IMAGENE.ME, an innovative Polish biotechnology company operating in the field of personal genomics. The transaction, worth PLN 6 million, was carried out by our client in cooperation with the ABAN.VC fund. Our legal team provided comprehensive support for the transaction, which included activities from assessing the results of due diligence to determining the content of the investment agreement. Once again, our law firm played an important role in the successful execution of complex investment transactions, supporting innovative Polish companies on their way to international success. The transaction was overseen by Paulina Opiełka, partner at KWKR, and led by our associates Paweł Machowski and Dominik Korybalski. IMAGENE.ME is a pioneer in the field of advanced genetic diagnostics, personalised preventive healthcare and innovative solutions in personal genomics. The investment will enable the company to expand dynamically into international markets and strengthen its leadership position in the European genomics sector. In the transaction process, the ABAN.VC fund was supported by a team of lawyers, consisting of experts from TRILOKA Intellectual Property Office and attorneys Damian Grzegorczyk, Marta Szymczak-Kozłowska and Konrad Trzyna.