Information provided by the nominee
Cogito Capital realized 10.0x MoIC and IRR of 148% on the sale of Applica.ai to Snowflake (a global leader in cloud computing; $50bn market cap), with a holding period of less than 3 years. It was the first exit from Cogito Fund I established in 2019 and the most successful exit from the VC-backed deep tech company in the Polish market to date (the publicly reported transaction value of PLN 1.0bn).