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.