SSK&W law firm advised the Open Innovation by YouNick Mint – a leading Polish VC fund and co-investors on their investment in Intelliseq.
The advisory services included the preparation of co-investor due diligence reports, Intelliseq due diligence report and negotiation of transaction documentation.
The law firm worked closely on these issues with the fund’s team – in particular with the Head of Legal Paweł Pałasz. The transaction on behalf of YouNick Mint was led by Aleksander Kłósek – managing partner with the support of Rafał Roszak – also managing partner.
Intelliseq is a startup founded by four scientists from the Polish Academy of Sciences, which automates the analysis of genetic data.
The round was led by the YouNick Mint and the existing shareholders also participated in it, including the WSE listed VC fund Unfold.vc and Marcin Mańdziak, president of the European Medical Fund.
More about the transaction in Polish:
Once again, we would like to thank Szymon and Iga for the support of the YouNick Mint fund (operating in the Open Innovation model). We hope that this is not the last transaction this year to be performed together – comments Aleksander Kłósek – managing partner of the fund.
Open Innovation by YouNick Mint is a fund managed by business practitioners in healthcare and industry 4.0 that have been cooperating with each other for years. The size of the fund is PLN 57 million. The fund has made several investments, including Bluekey and Intelliseq.
SSK&W provides services to VC funds when investing in technology companies (as part of pre-seed and seed rounds and subsequent rounds, including preIPO), as well as when exiting the investment.