White & Case advises PKN ORLEN on new venture capital fund and first investment

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Global law firm White & Case LLP advised PKN ORLEN in the creation and launch of ORLEN VC, the largest corporate venture capital fund in Poland, which will invest approximately 100 million euros (500 million of PLN) in innovative companies involved in the energy transition.

PKN ORLEN is one of the largest oil companies in Central and Eastern Europe. Through direct and indirect investments in the venture capital market, his new fund will strengthen one of the main business segments of the ORLEN Group and open up investment opportunities in new innovative technologies. ORLEN VC focuses its investments on petrochemicals, energy, circular economy, modern retail, next-generation biofuels, modern materials, new mobility, digitalization, cybersecurity and industry 4.0.

White & Case also advised ORLEN VC on its first investment in Emerald Technology Ventures’ Industrial Fund, a global venture capital fund investing in innovative technologies.

The White & Case team in Warsaw advising on this transaction included local partner Michał Petz and associate Artur Kloc.

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