bValue Fund

bValue is one of the most active VC funds in Poland, investing in companies from CEE region, with focus on Poland and Ukraine. Combined diverse experience of management team allows us to support companies in scaling up to next level and transforming challenges into opportunities. We also leverage experience and business network of our angels and investors to boost growth and spot opportunities. Currently, we invest in companies in seed and early stage, preferably with recurring revenues (or at least MVP). Our investment ticket is between $300k to $1m. Our main focus are B2B solutions (SaaS as well as tech), that can become global champions. We can act out of the box and as a result our portfolio is diversified with some excellent companies from more traditional sectors.

Marcel Animucki

Investment Manager

Maciej Balsewicz

Managing Partner

Eryk Frontczak

Investment Associate

Leszek Orlowski

Investment Director

MS

Mateusz Szczepaniak

Investment Manager

26 past transactions

HeavyFinance

Pre Seed Round in 2021
HeavyFinance is a borderless crowdlending platform where farmers meet retail and institutional investors. We underwrite farmers, facilitate transactions, and service loans.

Your KAYA

Seed Round in 2020
Natural feminine hygiene. Differently.

BerlinGreen

Seed Round in 2021
BerlinGreen.tech UG develops GreenBox, a smart indoor garden, that makes gardening clean and possible in the smallest and darkest apartments. It uses sensors and LED technology to gives the plants exactly the amount of light they need for optimal growth. Also, irrigation is only required once every two to three weeks and the system reminds the user of this with an associated application. The company is based in Berlin, Germany.

Placeme

Seed Round in 2021
Placeme develops an application which offers location services. The company is headquartered in Warsaw, Poland.

XVision

Seed Round in 2022
XVision is an automated x-ray analysis application that assists radiologists by providing accurate interpretations of medical images

Nova Tracking Ltd.

Seed Round in 2018
We are technology company that acts as an integrator and solution provider for theTransport&Logistics sector. We provide solutions for transport and forwarding companies, producers, distributors and retail chains. We develop and implement modern technologies that automate the management of logistics processes.

SEEDiA Sp. z o.o.

Seed Round in 2017
SEEDiA Sp. z o.o. manufactures solar benches and solar charging stations for charging mobile devices, Wi-Fi hotspots, heated seats, radio, light-emitting diodes (LEDs), and paper screens. The company's products are offered to airports, hotels, and shopping centers The company was founded in 2016 and is based in Krakow, Poland.

CallPage

Venture Round in 2017
CallPage is an ICT SaaS company which increases sales leads by 75%, facilitating call conversations between companies and their website visitors. Our widget offers the website visitor a real time callback in 28 seconds, while also analyzing their behavioral data to optimize your potential to make a sale. Additionally, CallPage presents sociological insight and analytics about your users, unifying creative marketing and rigorous statistics for the best chance of success.

bNesis

Seed Round in 2017
Bnesis develops bNesis, an API technology that allows users to integrate their apps with multiple services. It undertakes development of services’ API, translations, interaction with third-party customer services, and work with technical documentation; provides access to services from Asia, Africa, South America, Europe, and other parts of the world, as well as global services through its unified API; and offers ready-to-use integration solutions and an integration suite for writing custom integration components. The company’s technology also allows users to create automated tasks between services, enabling them to automate various processes among services, directly in their application; and get access to detailed customers’ analytics, enabling users to explore new metrics about their customers who engage with their app. The company is based in L'Eliana, Spain.

ADVISE

Seed Round in 2019
An automatic ADVISE engine will scan the landing page and suggest you what can be changed to increase conversion rate.

Purella Food

Seed Round in 2017
Purella Food sp. z o.o. produces food products using chlorella, freshwater algae. The company produces chlorella food products in the form of tablets and powders, snacks, cookies, energy bars, smoothies, and drinks. The company was founded in 2015 and is based in Warsaw, Poland.

Shoplo

Venture Round in 2017
Shoplo sp z o.o. provides Shoplo Store, an e-commerce platform that allows retailers to open their store online. The company also offers Shoplo Multichannel that allows users to offer their products via online store, marketplaces, and other sales channels; Shoplo Chat, a real time chat that allows users to get to know their customers’ expectations and build relationships; and a mobile application. The company was founded in 2012 is based in Warsaw, Poland. As of February 12, 2019, Shoplo sp z o.o. operates as a subsidiary of SumUp Payments Limited.

Jobsquare Sp z o.o.

Seed Round in 2017
It’s the first, and by far the only one in Poland, mobile job search app for low-skilled workers - waiters, caterers, salesmen, physical workers – based on the philosophy of immediate contact. • Operates in Poland an Ukraine • Contains over 140 000 active profiles • Has over 7 000 employers and 25 000 job offers Why choose Jobsquare? • Because modern world needs modern recruitment solutions • Because we give you handy tool to search for job • Because we connect innovation with simplicity • Because job market has no secrets for us • Because we are far ahead of our competitor

Spinbackup

Seed Round in 2020
Spinbackup, Inc. provides SaaS data back up and cybersecurity solutions G Suite. The company offers enterprise class automated backup, disaster recovery, cloud data migration, and archive solutions for Individual Google users Google Apps organizations by protecting them from critical data loss disasters. Its products for G Suite / Google Apps include bank up and recovery which provides services, including automated back up, restore, deletion control, and version control; cybersecurity which provides cloud apps audit, cloud users behavior audits, and security alerts and automated suspension; and ransomware protection which detecks attack, blocks the source, and automatic recovery. The company's customers include small medium businesses, education, enterprises, and individuals. Spinbackup, Inc. was founded in 2013 and is based in San Francisco, California.

Tidio

Seed Round in 2018
They are a startup from Szczecin, continuously growing since 2014. Since then they’ve had a few, worth mentioning, breakthroughs: in 2017 they won InCredibles, an acceleration programme created by Kulczyk Investments, dedicated to the most promising, polish startups and since 2018 they are supported by bValue, one of the biggest, polish venture capital firms.

CallPage

Seed Round in 2016
CallPage is an ICT SaaS company which increases sales leads by 75%, facilitating call conversations between companies and their website visitors. Our widget offers the website visitor a real time callback in 28 seconds, while also analyzing their behavioral data to optimize your potential to make a sale. Additionally, CallPage presents sociological insight and analytics about your users, unifying creative marketing and rigorous statistics for the best chance of success.

Fluentbe

Seed Round in 2019
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.

Roq.ad GmbH

Seed Round in 2019
“Identity as a service with German precision and global reach”. Roq.ad’s technology creates an accurate and up to date “map” of (almost) all digital devices used in a specific country. Linking all these devices correctly to individuals and households creates a rich “Identity Graph” powering the open Internet. Roq.ad originally had two product lines. In 2018, we split the company into two separate entities and sold the larger, lower margin, part of our business to our largest customer. Since then we focused on the enterprise SaaS part of our business, delivering identity resolution products to our customers. We started the enterprise SaaS business in 2017 Germany, expanded to Europe in 2018 and launched in the US in 2020. Our teams are located in Berlin, Germany / Poznan, Poland / Vilnius, Lithuania and San Mateo / US.

Senuto

Seed Round in 2017
SENUTO is a SaaS-based toolset for comprehensive SEO support, which consists of five main modules.: A) Visibility analysis - Based on 20 million weekly phrases and 2.5 million phrases a day, They investigate the visibility of Google search pages B) Keyword database - 100 million phrases with the ability to filter on many features C) SEO audits - audits consisting of 10 precise reports. They help you improve your site's alignment with search engine standards and keep track of changes to your site D) SEO Tools - 33 tools to automate everyday processes E) Smart content planning

PushPushGo

Seed Round in 2018
PushPushGo sp. z o.o. develops a SaaS platform for creating, targeting, and sending web push notifications. It enables e-commerces, marketing agencies, and bloggers to communicate with their subscribers without emails. The company was founded in 2016 and is headquartered in Krakow, Poland.