CRIDO Legal has advised the Hungarian fund PortfoLion, one of the EUR 40 million Series B round investors. It was the largest Series B round in Poland and one of the largest in the CEE region in 2021. As a result of this round, Packhelp S.A. obtained funds for further dynamic development and strengthening its position.

PortfoLion is a fund investing in, among others, start-ups at all stages of development and operating throughout Central and Eastern Europe. As part of the Series B round, the fund invested in Packhelp S.A., known in Poland as, which offers personalized packaging with its own imprint to customers from Poland and abroad. So far, it has been the largest Series B financing round this year in Poland and one of the largest in the CEE region. The leading investor in this round was the French fund InfraVia Capital Partners, and the other investors were: PortfoLion (CRIDO’s client), FJ Labs, Market One Capital, PROfounders Capital, Speedinevest, Inovo Ventures Partners and White Star Capital.

The financing obtained under the Series B round is intended, inter alia, to prepare the company for a wider expansion in the country and abroad. Thanks to the support obtained from investors, Packhelp will have an opportunity for even more dynamic development and strengthening its position. We are glad that young Polish technology companies are attracting more and more interest from foreign investors and that we can participate in more and more interesting projects of this type - comments Przemysław Furmaga, Partner and Head of the M&A practice at CRIDO Legal.

The support of CRIDO Legal experts has included comprehensive legal advice on negotiating and signing transaction documentation for PortfoLion. Apart from Przemysław Furmaga - Andrzej Dunikowski, Senior Associate and Filip Sobociński, Junior Associate from the M&A team at CRIDO Legal, were also involved in the transaction.

The CRIDO Legal team consists of experienced lawyers who understand the specifics of the operation of large corporations, PE / VC funds, young technology companies with high growth potential, and family businesses from various sectors of the economy.