Warsaw Equity Group and TS Ventures exit Piwik PRO with 4.1x return
Warsaw Equity Group has announced its joint exit with TS Ventures from Piwik PRO, a Wroclaw-based web analytics company. The exit concluded a six-year partnership, achieving a 4.1x cash-on-cash return.
- Founded in 2013 by Maciej Zawadzinski and led by Piotr Korzeniowski, Piwik PRO is a fast-growing company that develops a platform for collecting, analyzing, and activating web and application data.
- The exit is part of the broader transaction, a merger of Piwik PRO with another tech vendor Cookie Information, a Danish consent management platform.
“We are thrilled to have had the opportunity to support Clearcode and Piwik PRO, along with their founder Maciej Zawadziński, in their development over the past few years. This was not a traditional venture capital or private equity project. Investing in software houses with a product is one of our key investment theses; we are actively seeking similar projects to support,”Przemek Danowski, Managing Partner of Warsaw Equity Group, commented.
- Warsaw Equity Group achieved a 4.1x cash-on-cash return and 25% IRR on the joint transaction (Piwik PRO and Clearcode).