CRIDO advised PortfoLion fund on investment in Mindgram

8 April 2022
2 min

CRIDO’s support involved comprehensive legal advice in negotiating and signing transaction documents at PortfoLion level – one of the investors in the seed round. CRIDO was represented by Przemysław Furmaga, partner heading the CRIDO Legal M&A and PE/VC team, Andrzej Dunikowski, senior associate, Filip Sobociński, junior associate.

Through the Mindgram platform, company employees and their families can access psychological counseling and consult preventative medicine specialists and personal development coaches. The start-up was launched in 2021. The financing which we have helped to arrange is intended to spur growth and international expansion.

Alongside Credo Ventures (lead investor), Nuntak Capital, Market One Capital and Pamoja Capital, PortfoLion was one of the Midgram investors in the seed round. The seed round was for EUR 7 million and was one of the biggest seed rounds in Poland to date.

The Mindgram transaction is another VC type of project we have been involved in in the last few months, this time acting for the investor. Mindgram is an excellent example of a company which provides services in what is a growing well-being and mental health sector. Limited access to psychological counselling, pandemic-induced anxiety, and the current volatile political situation make for ideal growth opportunities for companies such as Mindgram. Mindgram’s impressive start and promising international expansion have drawn the attention of VC investors, which is attested to by the successful seed round where we had the opportunity to support PortfoLion – says Przemysław Furmaga, partner leading CRIDO Legal’s M&A PE/VC team.

CRIDO supports companies, company founders and investors in Private Equity and Venture Capital type of transactions. We provide a full range of services including transaction structuring, due diligence studies (for legal, tax and financial purposes) and preparing and negotiating transaction documentation.