Cresco acted as lead counsel to the general partner in the structuring, formation and fundraising of 9.5 Magnitude Ventures.
9.5 Magnitude Ventures is a unique pre-seed corporate venturing fund focused on setting-up joint-ventures with top tier corporates. In close collaboration with the corporate 9.5 Magnitude Ventures builds and launches a fully-fledged business within a period of six to nine months based on a three-phased methodology: idea diligence, newco incubation program and growth program.
In addition Cresco acted as lead counsel in the structuring, negotiation and closing of the fund’s investment in The Park Playground, a joint-venture with Telenet. The Park Playground is an entertainment playground offering group experiences using free-roam VR.
More information on the fund and its investments can be found in De Tijd.