Black Pearls VC

Black Pearls VC is an early-stage venture capital firm based in Gdańsk, Poland, specializing in deep technology and enterprise software. The firm is dedicated to supporting ambitious entrepreneurs in creating scalable companies with global potential. Since its inception, Black Pearls VC has invested in over 30 startups primarily in Poland and the Baltic Sea Region. The firm manages multiple funds, including the Black Pearls Seed Fund, which focuses on investing in the information technology and TMT sectors across several countries, including Poland, Russia, and the Nordic nations. As a member of Invest Europe and a participant in the Kauffman Fellows Program, Black Pearls VC is committed to fostering innovation and growth in the tech landscape.

Aleksander Dobrzyniecki

Partner

Maciej Skórkiewicz

Partner

Hubert Szczolek

CFO

Tomasz Wozniak

Principal

41 past transactions

Simpl.rent

Seed Round in 2022
Simpl.rent is a Polish-British startup that provides a digital platform that increases security and trust in the residential rental market.

Deor

Pre Seed Round in 2021
Deor operates an online marketplace designed for pet lovers and animal specialists. The platform connects pet owners with a variety of services, including veterinary care, pet grooming, training, and adoption. Additionally, it facilitates interactions among professionals such as veterinarians, animal behaviorists, horse riding instructors, and trainers, allowing them to share knowledge and discuss best practices. By providing a comprehensive range of pet products and services, Deor aims to enhance the experience of pet ownership and care.

Wonderway

Seed Round in 2021
Wonderwerk is a platform for data-driven sales training for remote teams. Its platform connects employees, managers, recruiters, and trainers via an automated e-learning dashboard that offers personalized learning plans, video tutorials, templates, digital learning programs, performance review reports, and training efficiency results in real-time, enabling businesses to create a learning culture that develops and retains employees.

Certifier

Pre Seed Round in 2021
Our digital credentials infrastructure has everything you need to generate certificates. A certificate builder, templates, emails, security, and analytics.

HeavyFinance

Pre Seed Round in 2021
HeavyFinance operates a crowdlending platform that connects farmers with retail and institutional investors, facilitating access to financing for agricultural needs. The platform enables farmers to secure mortgage loans backed by assets such as heavy machinery in the farming, forestry, and infrastructure sectors. It offers various benefits for both parties, including flexible repayment options and the opportunity for farmers to repay loans early without fees. Investors are presented with investment-backed assets and can expect double-digit returns, supported by risk reports, statistics, and project summaries that ensure transparency. By underwriting farmers and servicing loans, HeavyFinance creates a streamlined process for raising capital and investing in agricultural projects.

Fluentbe

Seed Round in 2021
Fluentbe Sp. z o.o. operates as an online English language school. The company offers courses, including general English; intensive general English; and preparation for FCE, CAE, CPE and TOEFL exams with beginner, elementary, intermediate, advanced, and master proficiency levels. Its classes take place online, using video chat, and in small groups which enables users to learn anywhere in the world with the online study material. The company was founded in 2015 and is based in Warsaw, Poland.

Nordigen

Seed Round in 2021
SIA Nordigen Solutions, established in 2016 and headquartered in Riga, Latvia, specializes in developing application programming interfaces (APIs) for transaction categorization and credit assessment. The company aims to revolutionize the credit evaluation process by enabling banks and alternative lenders to leverage bank account data in their credit decisions. Operating in over 12 countries, Nordigen provides transaction-based analytics solutions that focus on income verification, affordability checks, and the identification of risk-critical behaviors for credit scoring. Its core offerings include transaction categorization and behavioral scoring engines, which are available for both cloud and on-premise deployment.

IAMIP Sverige AB

Venture Round in 2021
IAMIP is revolutionizing the intellectual property market by digitizing the world's most paper-based and capital-intensive knowledge base. IAMIP fosters innovation by helping companies derive actionable insights about their markets and collaborate more easily within their organizations. "We are transforming the patent knowledge base in the same way that Google transformed the internet knowledge base and the encyclopedia." By digitizing a very disparate and paper-based set of information, IAMIP, through its SaaS platform, offers users a revolutionary opportunity to easily and insightfully analyze patent portfolios, competitive markets, and key player activities to make crucial strategic decisions.

Telemedi

Series A in 2021
Our mission is to build the world's most convenient, international platform connecting medical personnel with patients on any device and at any time.

Teamscope

Convertible Note in 2020
Teamscope, Inc. is a company based in Tallinn, Estonia, that specializes in creating visual and interactive insights through big data analytics aimed at improving team building. Founded by professionals from executive search, data science, and technology sectors, Teamscope provides a platform designed to assist managers in making informed hiring decisions and fostering high-performing teams. By utilizing a unique algorithm, the platform assesses the values, personality traits, and core competencies of existing team members. It then recommends the ideal characteristics to seek in new candidates and evaluates their compatibility with both the role and the team dynamics. Additionally, Teamscope generates detailed behavioral profiles and interview guides for candidates, aiding hiring managers in selecting the most suitable individuals for their teams.

Insly

Seed Round in 2019
Insly Limited develops cloud-based insurance software designed for brokers and agents, aiming to streamline the insurance process for both service providers and end users. The software offers a variety of features, including customization options, online storage, customer support, and tools for reporting, debt management, accounting, billing, and document management. It also provides solutions for wholesale insurance distribution and claims processing, tailored for insurers, brokers, and agents. Founded as a spin-off from IIZI Group, a leading insurance broker in Central and Eastern Europe, Insly was established to replace traditional methods with innovative, technology-driven solutions. The company, incorporated in 2014, is headquartered in London, United Kingdom, with additional offices in Tallinn, Estonia; Riga, Latvia; Warsaw, Poland; and San Francisco, California.

Telemedi

Seed Round in 2019
Our mission is to build the world's most convenient, international platform connecting medical personnel with patients on any device and at any time.

MNM Bioscience Inc.

Seed Round in 2019
MNM DIAGNOSTICS sp. z o.o. provides genome analysis for detecting genetic disorders. It develops a genome analyzing tool that identifies mutations in DNA. The company's product uses DNA sequencing (NGS) technology and algorithms with cell biology, providing individual patients guidance for personalized therapies. In addition, it offers bioinformatics consulting for business, public, legal and clinical partners. MNM DIAGNOSTICS sp. z o.o. was founded in 2018 and is based in Poznan, Poland.

Nomi Biotech Corporation

Seed Round in 2019
Nomi Biotech Corporation is a dynamic Polish - Japanese biotech company focused on a development of science based nutraceuticals. We are the owners and producers of a propriety (patent-pending) anti-hangover solution - the alcorythm® - (https://alcorythm.co/en). We are the inventors and owners of a propriety (patent-pending) novel, stable and highly bioavailable formulation of curcumin for food, beverage, nutraceutical and pharmaceutical applications.

Nanoxo

Seed Round in 2019
Nanoxo is a chemical company with an experience in designing and manufacturing of various functional materials with broad potential applications. It is represented by a research team highly skilled in chemical research and development. The goal of the company is to use scientific expertise in order to rationally design, analyze and finally provide solutions and products for various industries and applications. Current key technology of Nanoxo is synthesis of heavy metals free quantum dots based on zinc oxide – unique nanoparticles having unprecedented characteristics in comparison to the products currently available on the market.

Teamscope

Seed Round in 2019
Teamscope, Inc. is a company based in Tallinn, Estonia, that specializes in creating visual and interactive insights through big data analytics aimed at improving team building. Founded by professionals from executive search, data science, and technology sectors, Teamscope provides a platform designed to assist managers in making informed hiring decisions and fostering high-performing teams. By utilizing a unique algorithm, the platform assesses the values, personality traits, and core competencies of existing team members. It then recommends the ideal characteristics to seek in new candidates and evaluates their compatibility with both the role and the team dynamics. Additionally, Teamscope generates detailed behavioral profiles and interview guides for candidates, aiding hiring managers in selecting the most suitable individuals for their teams.

Xopero

Seed Round in 2019
Xopero Software S.A. is a Polish company founded in 2009 that specializes in data protection solutions to safeguard against data loss, ransomware, and hardware failure. The company offers a variety of products, including Xopero Cloud for cloud backup, Xopero Backup&Restore for comprehensive backup and data recovery across various IT environments, and the Xopero QNAP appliance designed for business continuity for small and medium-sized enterprises. Their suite of services encompasses workstation protection, mobile backup, server protection, and database backup, as well as advanced recovery solutions such as Smart Recovery and Smart Migration. Additionally, Xopero provides management tools like a central management console and backup optimization. Since 2015, the company has collaborated with QNAP Inc. to enhance its offerings, and it has expanded its global presence through partnerships with other technology providers.

Prosoma

Pre Seed Round in 2019
Prosoma Sp. z o.o. develops a virtual reality (VR) therapeutics software programme. The company offers VR software programme for the patients undergoing pharmacological treatment and chemotherapy. It serves the healthcare industry. The company was incorporated in 2018 and is headquartered in Wroclaw, Poland. It has an additional office in London, United Kingdom.

eAgronom

Seed Round in 2018
Founded 3.5 years ago by a son of a successful farmer and an experienced software developer, now 61 people team with experience from Stripe, Heap Analytics, Transferwise and ZeroTurnaround. Farmers spend weeks on government reports, get fined for the slightest mistake and most commonly manage their farm with Excel or pen and paper. eAgronom reduces generating reports to a couple of clicks, advises farmers on how to get the most out of their fields and warns against legislative violations while gathering data to unlock data mining potential for a 350 000 B industry. There are no other players in the industry who focus only on grain farming. eAgronom grabbed 70% of Estonian market in 6 months, in 1.5 years has expanded to 5 countries in Europe and into Canada. Ca 3,6M € funding from seed-investors.

Deep BI, Inc.

Seed Round in 2018
Deep BI, Inc. owns and operates a predictive analysis platform for digital media publishers. It provides an analytical tool based on proprietary real-time data platform that equips digital media publishers with full knowledge of their audience’s response to the content they publish. The company was founded in 2015 and is based in Fremont, California.

Insly

Seed Round in 2018
Insly Limited develops cloud-based insurance software designed for brokers and agents, aiming to streamline the insurance process for both service providers and end users. The software offers a variety of features, including customization options, online storage, customer support, and tools for reporting, debt management, accounting, billing, and document management. It also provides solutions for wholesale insurance distribution and claims processing, tailored for insurers, brokers, and agents. Founded as a spin-off from IIZI Group, a leading insurance broker in Central and Eastern Europe, Insly was established to replace traditional methods with innovative, technology-driven solutions. The company, incorporated in 2014, is headquartered in London, United Kingdom, with additional offices in Tallinn, Estonia; Riga, Latvia; Warsaw, Poland; and San Francisco, California.

iGrid

Seed Round in 2018
GRID creates IIOT (Industrial Internet of Things) solutions dedicated for energy distributors, industrial energy consumers and photovoltaics. Thanks to the proprietary technology of wireless sensors and distributed computing architecture (fog computing), iGRID provides operators of power grids and owners of photovoltaic installations with accurate and up-to-date data on the condition of transmission infrastructure and energy generation efficiency.

Autenti

Seed Round in 2017
Autenti Sp. z o.o. is a Polish company that specializes in providing a platform for online document authorization and contract signing. Founded in 2013 and headquartered in Poznan, with an additional office in Kraków, Autenti streamlines the process of signing various documents, enhancing operational efficiency for businesses. The platform ensures that all actions are logged and linked to specific users and documents, thereby establishing a reliable audit trail. In the event of disputes, the recorded documents and associated certificates serve to validate the integrity of all transactions and actions taken within the system.

Quantum CX

Seed Round in 2017
Quantum CX created a system that motivates smiling to enhance customer service quality. By detecting smiles and incentivizing behavior, sales and customer satisfactions grew, and employees felt better about themselves. Sensors automatically detect and count smiles. The employee is givens points whenever they smile during a customer interaction or when a customer smiles back. Employees exchange points from their own smiles for prizes and customer's smiles for charity donations. Thanks to that everyone has a good reason to smile. Observation effects makes employees try harder so their overall service excellent results get better. Additionally, the atmosphere at work becomes nicer and customers are more satisfied with the service.

HTML5 Meeting

Seed Round in 2016
RTCLab Team has created HTML5 Meeting – a browser based audio-video platform utilizing WebRTC technology. The platform enables users to meet face-to-face from any location and provides a wide range of real time communication tools: live audio and video communication, invitations, desktop and screen sharing, Live Chat as well as additional features including the option to Claim and lock the meeting, room customization and social media integrations.

Solwit eko

Seed Round in 2016
Solwit Eko specializes in developing and testing IT solutions, focusing on waste management. The company has created a platform that automates the processes involved in recovering and neutralizing scraps. This innovative platform generates reports and comprehensive analyses that help businesses comply with legal regulations while exploring alternative implementations. By providing these services, Solwit Eko enables organizations to efficiently reduce resource wastage and improve their sustainability efforts across various industries.

Quantum CX

Seed Round in 2015
Quantum CX created a system that motivates smiling to enhance customer service quality. By detecting smiles and incentivizing behavior, sales and customer satisfactions grew, and employees felt better about themselves. Sensors automatically detect and count smiles. The employee is givens points whenever they smile during a customer interaction or when a customer smiles back. Employees exchange points from their own smiles for prizes and customer's smiles for charity donations. Thanks to that everyone has a good reason to smile. Observation effects makes employees try harder so their overall service excellent results get better. Additionally, the atmosphere at work becomes nicer and customers are more satisfied with the service.

Inpharmica

Seed Round in 2015
The company has been involved in a project aimed at performing phase III of clinical studies on an increased number of patients, including the monitoring of undesired effects and development of documentation to register a new complex pain killer patented in the USA.

Tidaro

Seed Round in 2015
Tidaro, headquartered in Katowice, Poland, operates a platform focused on intelligent management of parking spaces in urban areas and public facilities. The system aids drivers in locating available parking spots, thereby saving time and enhancing the efficiency of parking lots. By utilizing recognition technology and monitoring occupancy through cameras and sensors, Tidaro provides real-time information about free spaces. This innovative approach not only addresses the issue of underutilized parking areas but also contributes to the development of smart city initiatives, improving urban traffic flow and reducing environmental pollution in city centers. The company's solutions are being developed in collaboration with scientists from the Wrocław University of Technology.

RebelEco

Seed Round in 2015
The company has been involved in a project to develop technology used to implement innovative and economic solutions in the sphere of modular social construction. The project relies on building production technology and development of new materials to generate buildings characterised with low maintenance costs and high energy savings. The solution has been developed by well known architects from the Tricity area– the Droszcz family. The project is a response to the growing demand in the European market for buildings that would be fast to assemble, prefabricated, of high quality, low maintenance costs, with a number of facilities for elderly or handicapped people.

PiktoRex

Seed Round in 2015
The company has been working on solving the problem of incorrect dosing of medications (compliance problem) which is a major factor contributing to multiple complications and growth of patient treatment costs.

VoiceLab

Seed Round in 2015
VoiceLab is a technology company based in Gdańsk that specializes in automatic speech recognition (ASR) and natural language understanding (NLU). The firm employs a team of experts dedicated to enhancing speech recognition capabilities across multiple languages by utilizing extensive acoustic and text data. Leveraging deep neural networks and a significant dataset of thousands of hours of hand-labeled audio, VoiceLab develops large acoustic models, language models, and dictionaries. The company focuses on improving the accuracy and quality of its recognition technologies. VoiceLab offers a range of products, primarily through a Software as a Service (SaaS) model, including applications for speech recognition, process automation, Conversational Intelligence, and voicebots, as well as offline solutions for smart homes. These technologies have applications in various domains wherever speech recognition and language understanding are needed, benefiting thousands of users. Additionally, VoiceLab's platform analyzes conversations from multiple channels, such as voice calls and chatbots, to enhance sales conversion rates and improve customer service efficiency.

PINmaster

Seed Round in 2015
PINmaster is an innovative solution for acces control. It consists of digital locks and system for access management with automatic access PIN code distribution via SMS.

Funiversity

Seed Round in 2015
The company offers innovative research products for pre-school and schoolchildren. The products aim at widening

Rebel Module

Seed Round in 2015
Rebel Module Global Sp. z o.o., founded in 2015 and based in Gdansk, Poland, specializes in modular construction services, focusing on the design and prefabrication of energy-efficient buildings. The company caters to a diverse range of projects, including residential homes, hotels, restaurants, offices, clinics, and kindergartens. Founded by architects Krzysztof and Magdalena Droszcz, Rebel Module combines innovative engineering with modern design trends to create functional and eco-friendly spaces. The company operates within the REBEL Group, which includes the Rebel Module Eco production plant and the architectural office of Krzysztof Droszcz, enabling a comprehensive approach to developing passive and energy-saving structures. With a team of qualified engineers and global experts, Rebel Module emphasizes sustainability and advanced knowledge in its construction practices.

Acco

Post in 2015
ACCO Brands Corporation is a prominent designer, manufacturer, and marketer of consumer and business products, operating through three segments: North America, EMEA, and International. The company provides a diverse range of products, including school notebooks, calendars, planners, storage solutions, laminating and binding machines, writing instruments, and computer accessories. Its offerings are marketed under well-known brands such as AT-A-GLANCE, Five Star, GBC, and Kensington. ACCO Brands sells its products through multiple channels, including mass retailers, e-commerce platforms, wholesalers, and direct sales to consumers and businesses. Founded in 1893 and headquartered in Lake Zurich, Illinois, ACCO has a long-standing commitment to innovation, positioning itself as a leading supplier in the office products industry.

Sofia Soft

Seed Round in 2015
SofiaSoft developed an innovative system intended for supporting working teams that are doing tasks beyond their headquarters. The solutions enables employees to get support from the mobile device via a dedicated application. The tool helps to manage employee’s key tasks, monitor paid costs connected with the service, and even locate the position of workers on the map.

Everytap Sp. z o.o.

Seed Round in 2014
Everytap Sp. z o.o., founded in 2013 and headquartered in Gdansk, Poland, operates a beacon-based mobile advertising platform that facilitates contextual and personalized communication for brand advertisers. The platform integrates beacon technology with a mobile application, enabling users to receive targeted messages, incentives, or bonuses while shopping or visiting various venues such as restaurants, concert halls, and sports stadiums. Known as Finebite, it ranks among the top three apps for restaurant patrons in Poland and is instrumental in implementing surge pricing and ticketing trends within the industry.

Blue Dot Solutions

Seed Round in 2014
Blue Dot Solutions sp. z o.o. is a consulting firm based in Gdansk, Poland, specializing in the space sector. Established in 2014, the company offers B2B advisory services that include the development and implementation of applications utilizing satellite navigation and earth observation data. It assists businesses in navigating the space industry, providing guidance on the use of space-based solutions and facilitating market entry and export strategies for both Polish and international companies. As the first Polish consulting-information company focused on the space sector, Blue Dot Solutions aims to advance the industry in Poland and Central Europe, leveraging its interdisciplinary team's extensive knowledge gained through participation in various local and international space events.

ProEnerga

Seed Round in 2013
ProEnerga spolka z ograniczona odpowiedzialnoscia S.K.A. is a Polish company established in 2008, specializing in calibration and measurement services for the energy and power sector. Based in Plock, it focuses on research and development projects aimed at creating innovative solutions for the global market. ProEnerga utilizes modern research and measurement devices to effectively transfer knowledge and address market needs. The company offers services that include the calibration of current, voltage, and combined transformers, alongside a mobile measuring laboratory that supports leading firms in the energy industry. With a diverse team of specialists and industry experts, ProEnerga's management has extensive experience in the international implementation of technological projects, both domestically and abroad, particularly in the realm of renewable energy.