Sandberg Capital has acquired a majority stake in Carrot, a Polish digital B2B platform for online vehicle auctions following insurance claims, through its second fund Sandberg Investment Fund II. The deal marks Sandberg's first investment in Poland and the final deal from its second fund. Founder Witold Jaworski and the management team will retain a stake and remain involved in strategy.

Sandberg plans to support Carrot's organic growth and expansion across central and eastern Europe. Poland's motor insurance market is one of the largest and most developed in central and eastern Europe, with considerable room for growth in vehicle sales following insurance claims. Poland also has one of the highest levels of car ownership per capita in Europe, creating favorable conditions for Carrot's continued growth.

Founder Witold Jaworski and key management team members will remain shareholders and participate in strategic direction. Sandberg was advised on the transaction by KPMG Poland, CMS and Deloitte Poland, and the deal was financed by m Bank.