New York-based Aquiline invests in SoftDev company VirtusLab

VirtusLab Sp. Z.o.o. announced that it has entered into a definitive agreement for Aquiline Capital Partners LLC to become a significant shareholder in the company. Aquiline is a private investment firm based in New York and London with $7 billion in assets under management, specialising in investments in financial services and technology. Financial terms of the transaction were not disclosed. Existing management will roll a portion of their equity stake and maintain ownership in the company.

Founder and CEO Rafal Pokrywka will lead the business, along with CTO, Pawel Dolega and COO, Tomasz Orzechowski. The investment will be used to further accelerate organic growth through the attraction and retention of top-tier talent, strengthen VirtusLab’s R&D department focused on software development efficiency, and acquisitions to expand scale and reach.

“We are excited by our new partnership and look forward to working with Aquiline to leverage their unique expertise in helping companies like ours scale,” said Rafal Pokrywka. “VirtusLab’s ambition is to become the best, leading software technology company operating globally with development centers in Poland and other European countries. Our platforms and proprietary software represent leading innovations in our space and the investment from Aquiline leaves us well poised for growth amidst accelerating customer demand. Their support also comes at a crucial time when competition for talent has reached an all-time high.”

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