Moore Legal Hungary has advised Alpac Capital on its EUR 2 million investment in TC2.
Alpac Capital manages the East-West Venture Capital Fund that invests in digital small and medium-sized companies. Founded in 2015, TC2 is an Amazon Web Services (AWS) partner company in Hungary.
"When we were approached by Alpac Capital, the picture of a very interesting team emerged in front of us: a kind of mixture of VC and professional investor," TC2 Co-Founder Robert Revesz commented. "In addition to the capital increase, they offered us joint work, joint development, and a business relationship system. This gives us the opportunity to further develop our professional staff and to target international and domestic business opportunities that require further organizational growth. In joint work with Alpac Capital, we want to develop, among other things, the data-driven operation of our customers related to machine learning and artificial intelligence, the implementation of the significantly more efficient and cheaper operation of the company's systems, applications, and products systems on the AWS platform, and AWS-based application development."
The Moore Legal Hungary team included Managing Partner Marton Kovacs and Associates Aron Kanti and Andras Zsirai.
Moore Legal Hungary did not respond to our inquiry on the matter.