Rymarz Zdort Maruta advises Gruby Entertainment in its first Seed Financing Round

Rymarz Zdort Maruta advised Gruby Entertainment, an independent video game development studio based in Warsaw, on obtaining seed financing from Tencent, a Chinese video game industry giant.

This is another innovative and record-setting transaction in the Polish video game sector executed with the help of Rymarz Zdort Maruta’s Video Games & Entertainment Practice. Last year, the firm also advised IndieBI in regard to its corporate organisation and in connection with obtaining financing by means of an innovative convertible loan structure. Recently, the firm advised Something Random in another VC transaction involving NetEase.

“We see a pattern in these types of transactions. They are fast-paced and include transfers and the due diligence of intellectual property. The company was established by founders with proven experience in the industry. We see value in our work and transactions like the investment in Gruby Entertainment help to change the expectations of founders and investors in the Polish game development industry.” – Michał Pękała, a partner and the Head of the Video Games & Entertainment Practice.

Lawyers from our firm advised in every stage of the transaction including setting up the corporate structure of the deal, conducting a due diligence of the target company and its assets (in particular its video games under development) and negotiating the investment agreement. We also advised in connection with the structure and transfer of intellectual property rights.

“The main goal of legal counsel advising founders in a VC transaction is to secure the interests of the founders and the target company. When it comes to investing in the video games industry, these goals cannot be achieved without a deep understanding of the specifics of the industry and the process of developing video games. It is such a complex product that every transaction requires a tailored approach.” – Jakub Kowal, Senior Associate in the Video Games & Entertainment Practice.

The trust Gruby Entertainment placed in Rymarz Zdort Maruta as a result of our work on the transaction has led to the firm being entrusted with providing ongoing legal advisory services to the company on a permanent basis, as well as the nomination of two of the firm’s lawyers to the company’s Supervisory Board.

The team of lawyers from Rymarz Zdort Maruta was led by Michał Pękała, a partner and the Head of the Video Games & Entertainment Practice and included Jakub Kowal (Senior Associate) and Mateusz Kłudczyński (Associate).