GESSEL advises Inovo Venture Partners on the next round of financing for Tidio Poland

GESSEL had the pleasure of representing the Inovo Venture Partners fund in the round A investment in Tidio Poland. Our lawyers provided support during legal due diligence and in negotiations of the investment agreement.

The transaction involving Inovo Venture Partners and Tidio Poland was another project completed using GESSEL’s model VC documentation, which is well on its way to becoming a market standard (https://gessel.pl/vc-start-up-zone/).

Inovo Venture Partners is a venture capital fund specialising in fast-growing technology companies in the CEE region. In 2018, it was honoured by the Startup Poland Foundation as the best VC investor in the country (Złota Księga Venture Capital w Polsce 2018).

Tidio Poland is a Szczecin-based developer of live chat tools supported by chatbots which rely on AI and machine learning to automate communications between businesses and their customers. The solution has already been implemented on more than 140,000 internet servers around the world.

The GESSEL team working on this project was led by Michał Bochowicz, managing associate and Weronika Zdeb, senior associate, with Marta Grabiec, senior associate, Bartosz Kolarz, associate, Katarzyna Matyszewska, associate and Mateusz Bąk, associate contributing and Małgorzata Badowska, partner responsible for the entire project.

“I welcomed this opportunity to advise Inovo Venture Partners on the next round of financing for Tidio, and we thank the Fund for its trust and for the privilege of participating in this project. In its documentation and negotiation aspects, this has been a demanding transaction, and our firm’s knowledge and experience stood us in good stead, enabling us to secure a successful outcome.”

Michał Bochowicz,
Managing associate