Giza Polish Ventures (GPV)

Giza Polish Ventures (GPV) is a venture capital investment firm established in 2012 and headquartered in Warsaw, Poland. It is backed by the Israeli venture capital group Giza Venture Capital, which has over 20 years of experience in the industry. The firm focuses on a diverse range of sectors, including information technology, telecommunications, internet and media, e-commerce, life sciences, clean technology, software as a service (SaaS), mobile technology, nanotechnology, medical equipment, and biotechnology. Giza VC has a proven track record, having made more than 100 investments and achieved over 40 successful exits, while managing approximately $600 million across five funds since its inception in 1992.

Zygmunt Grajkowsk

Managing Partner

25 past transactions

LGM S.A.

Seed Round in 2017
LGM S.A. specializes in developing an innovative energy management system aimed at optimizing power generation. The company's technology enhances the efficiency of power generators, including wind turbines, by up to 30%. By focusing on increasing power density from existing generators, LGM S.A. contributes to a more sustainable energy future. Their solutions allow manufacturers to harness excess power from permanent magnet electricity generators, resulting in significant energy savings and reduced operational costs.

Vortex Oil Engineering

Venture Round in 2016
Vortex Oil Engineering, SIA, headquartered in Riga, Latvia, specializes in the development and manufacture of innovative devices aimed at enhancing oil recovery from productive oil layers. Established in 2014, the company offers solutions that significantly increase crude oil extraction rates, with reported improvements of up to 40%. Vortex Oil Engineering focuses on environmentally friendly technologies that facilitate oil recovery while minimizing the production of polluted water. Their equipment is designed to optimize extraction processes in water-flooded oil fields, allowing oil companies to boost production without the need for more invasive tertiary recovery methods.

Nanoceramics

Seed Round in 2016
Nanoceramics Inc. is a manufacturer based in Wroclaw, Poland, specializing in soft magnetic nanoceramic composites. Founded in 2015, the company focuses on producing smaller, cheaper, and more powerful components for various electronic applications. Its primary offerings include inductors utilized in computers, power supplies, and automotive industries, particularly in high-frequency applications exceeding 1 MHz. The company's Magnetic Nanoceramic research project aims to commercialize the manufacturing process of these materials, which are characterized by high magnetic saturation and resistivity. By commoditizing the production of nanoceramic composites, Nanoceramics enables clients to access products that enhance the performance and stability of electronic devices.

NanoSanguis

Seed Round in 2016
NanoSanguis is a biotechnology company focused on developing safe and effective substitutes for red blood cells. The company's innovative products aim to provide an alternative to natural blood by utilizing advanced biotechnology methods to create synthetic oxygen carriers. These substitutes are designed to be stable for at least one year of storage, addressing the critical need for blood alternatives in clinical settings. Additionally, NanoSanguis is working on alternatives that are based on a fully physiological, buffered fluid composed of balanced minerals that are compatible with the human body. This development positions the company to help meet the growing demand for blood products in the face of increasing blood shortages.

REDS SA

Seed Round in 2016
REDS SA specializes in developing software solutions aimed at enhancing the energy efficiency of rail vehicles. Their primary product, Eco Driving, is an innovative tool that optimizes energy usage by automatically controlling various operational parameters, such as speed adjustments and heating management. This software not only promotes energy savings but also focuses on improving safety and punctuality in rail operations. By implementing monitoring and incentive systems, REDS facilitates competence development programs that empower drivers to enhance their skills in safe and efficient driving. Through these efforts, REDS aims to contribute to both cost control and energy management within the railway industry.

Olympus Sky

Seed Round in 2015
Olympus Sky Technologies (OST) is a cybersecurity company that has reinvented traditional certificate-based security solutions by introducing a more efficient and user-friendly approach. Their flagship product, Zeus, secures complex supply chains and facilitates secure communication through the authentication of both hardware and virtual assets. Emphasizing simplicity, Zeus eliminates the need for skilled administration or extensive IT security expertise, making it accessible to a broader range of users. The platform offers streamlined cryptographic key management services, characterized by low complexity and minimal latency. This innovative design not only enhances security but also reduces costs, allowing businesses to improve their overall performance while simplifying certificate management processes.

PiMerge

Seed Round in 2015
PiMerge S.A., established in 2015 and headquartered in Wroclaw, Poland, specializes in waste management services. The company's primary focus is to assist industries, particularly those involved in hard coal production, by transforming waste products such as sludge and flotation concentrates into composite coal fuel. This process not only reduces environmental impact but also enables efficient resource utilization. Additionally, PiMerge explores other applications for solidifying highly fragmented wastes, with a current emphasis on developing the composite coal fuel market.

ReliaSol (Reliability Solutions)

Seed Round in 2015
Reliability Solutions was established by a group of young scientists from AGH UST in Krakow – outstanding Polish technical university. Our mission is to transfer knowledge and novel solutions in data analysis from science to business. By the usage of cutting-edge scientific results in data science, we are able to predict machinery failures what results in huge financial benefits and safety increase to the industry. Due to cooperation with NVIDIA we use deep learning algorithms powered by GPUs to make better insight into data and highly improve the meaning of Predictive Maintenance. After positive feedback in Polish market we decided to leverage our transatlantic connection with US.

HiProMine

Seed Round in 2015
HiProMine is a European supplier specializing in alternative protein sources derived from industrial insect breeding. Utilizing innovative proprietary technology, the company focuses on producing insect-based protein primarily for the pet food market, as well as for aquaculture, livestock, and horticulture sectors. Through its unique approach, HiProMine aims to provide sustainable and efficient protein solutions, addressing the growing demand for alternative protein sources in various industries.

CallApp

Venture Round in 2014
CallApp is a developer of a caller identification platform that enhances communication by helping users filter phone calls. Founded in 2011 and launched in beta in 2012, the company aims to transform how people interact through their mobile devices. Its platform offers features such as call blocking, identification of telemarketing calls, call recording, and the ability to blacklist unwanted callers. Additionally, CallApp allows users to sync and update their contact lists with photos and information sourced from social media networks, making conversations more engaging and productive. Recognized as a TechCrunch Disrupt finalist and awarded Israel’s start-up of the year, CallApp has become the top Caller-ID and contacts application, ranking among the most downloaded apps on Google Play.

Limtel

Seed Round in 2014
Limtel Sp. z o.o., founded in 2010 and based in Poland, specializes in developing user-friendly software for client management. The company's flagship product, Limdesk.com, serves as a comprehensive customer support center tailored for small to medium-sized businesses and active entrepreneurs. The platform is distinguished by its simplicity, making it one of the easiest client management systems available. It offers integrated communication features, allowing users to manage phone calls, website chats, and social media accounts seamlessly. Limtel also provides extensive integration options, enhancing its utility for businesses looking to streamline customer interactions. As of March 2017, Limtel operates as a subsidiary of InteliWISE S.A.

Virtual Power Plant Sp. z o.o.

Venture Round in 2014
Virtual Power Plant Sp. z o.o is operates in the area of ​​energy management and creation of IT systems for the purposes of energy optimization used in buildings. The company has developed its own technology for the management of energy-intensive heating, ventilation and air conditioning (HVAC) processes, matching control to the thermal characteristics of buildings, weather conditions, load (the number of people staying inside) and other parameters. Virtual Power Plant Sp. z oo (VPPlant) operates in the area of ​​energy management and creation of IT systems for the purposes of energy optimization used in buildings. The company has developed its own technology ( Enabler DSR ) to manage energy-consuming heating, ventilation and air conditioning (HVAC) processes, adjusting the control to the thermal characteristics of buildings, weather conditions, load (the number of people staying inside) and other parameters. The main goal of VPPlant is to launch a fully functional virtual power plant in Poland. To this end, the company develops services and an IT system that aggregates the potential for shifting energy consumption in building groups that will allow energy companies to make this potential available in the form of negawats (energy consciously depleted) under the Demand Side Response (DSR) . While realizing the services, VPPlant assumes current control over the existing building automation systems (BMS) and introduces optimal control algorithms, which translates into achieving savings on electricity and heat at the level of up to 25%. The VPPlant technology is unique due to the possibility of using independently of the BMS used in the BMS system, as well as in facilities without extensive BMS systems. VPPlant specializes in optimizing facilities such as cinemas, large-scale stores, and sports halls. Currently, the company is working on the development of technology and its adaptation to swimming pool facilities ( OHT project ) and office buildings ( oBEMS project ). VPPlant is the first project co-financed by the National Center for Research and Development from the BRIdge Alfa instrument . VPPlant is a member of the Polish Chamber of Commerce for Electronics and Telecommunications .

YieldPlanet

Series A in 2014
YieldPlanet SA is a software development company specializing in hotel revenue and channel management solutions. Founded in 2008 and headquartered in Warsaw, Poland, with additional sales offices in Barcelona, Spain, and Bucharest, Romania, YieldPlanet provides a suite of products designed to enhance hotel operations. Their offerings include a Channel Manager that streamlines online bookings, a Price Optimizer that helps maximize hotel revenue, a Price Shopper that monitors competitor pricing, and a Booking Engine that increases conversion rates from online visits to actual bookings. The company's focus is on delivering user-friendly tools that address the specific needs of the hospitality industry, enabling hotels to adapt to market changes, optimize pricing strategies, and effectively manage room inventory. YieldPlanet's commitment is to support hotels in building tailored solutions that enhance their revenue management capabilities.

Algolytics

Series A in 2014
Algolytics is a provider of a comprehensive data science platform that focuses on automating business processes and enhancing data-driven decision-making for various industries. By utilizing advanced machine learning and artificial intelligence technologies, Algolytics addresses critical business functions such as credit scoring, fraud prevention, data quality control, sales forecasting, product recommendations, marketing campaign optimization, and inventory management. The company has established itself as a trusted partner, with over 50 successful implementations for leading market players in Poland. Algolytics plays a vital role in transforming clients' data strategies and modernizing their business process management. As a result, its clients across sectors including finance, telecommunications, e-commerce, and logistics benefit from increased revenues, reduced costs, and enhanced operational efficiency.

Cognitum

Venture Round in 2013
Cognitum Sp. z o.o. is a Warsaw-based IT consulting firm established in 2010, specializing in a range of technology services including software development, cloud computing, big data solutions, and knowledge management tools. The company emphasizes the use of semantic technologies and artificial intelligence to enhance decision-making processes across various sectors, including industry, government, and healthcare. Cognitum offers innovative products such as Fluent Editor, designed for editing complex ontologies using natural language, and Ontorion, a distributed management system. By focusing on data monetization and machine learning, Cognitum assists businesses in understanding data influences on their operations, facilitating a data-driven digital transformation.

Limtel

Seed Round in 2013
Limtel Sp. z o.o., founded in 2010 and based in Poland, specializes in developing user-friendly software for client management. The company's flagship product, Limdesk.com, serves as a comprehensive customer support center tailored for small to medium-sized businesses and active entrepreneurs. The platform is distinguished by its simplicity, making it one of the easiest client management systems available. It offers integrated communication features, allowing users to manage phone calls, website chats, and social media accounts seamlessly. Limtel also provides extensive integration options, enhancing its utility for businesses looking to streamline customer interactions. As of March 2017, Limtel operates as a subsidiary of InteliWISE S.A.

Tomorrow Sp. z o o

Series A in 2013
Tomorrow Sp. z o.o. is a Polish company based in Warsaw that specializes in e-learning services, focusing on the development of training content and software using advanced information technology. The company creates simulators for training purposes, serving a diverse clientele that includes businesses, government agencies, and educational institutions. Tomorrow also designs business simulations and decision-making games that replicate real-world scenarios, enhancing learning experiences in various sectors such as education, culture, and industry. By leveraging modern multimedia and gamification systems, the company aims to improve evaluation processes and engagement in training. Additionally, it explores the integration of virtual reality across multiple fields, including medicine, architecture, and entertainment, thereby expanding the possibilities for interactive learning and training.

Key2Print.com

Venture Round in 2013
Key2Print.com specializes in providing a comprehensive Web to Print (Web2Print) e-commerce solution tailored for the printing industry. The company offers a cloud-based, customizable software platform that enables businesses to transform their websites into self-service marketplaces for print products. This platform facilitates the online sale of printing services and products through a range of features, including mobile applications and API integrations. By delivering managed e-commerce alternatives and software solutions, Key2Print.com supports the growth of printing businesses, allowing them to efficiently manage their online presence and streamline their operations.

NanoVelos

Series A in 2013
NanoVelos is a biomedical start-up focused on developing an innovative drug delivery system utilizing polysaccharide nanoparticles. Founded by a team of highly qualified scientists and supported by the GIZA Polish Ventures VC fund, the company aims to enhance cancer treatment by transforming generic drugs into more effective "super-generics." The technology, which includes a dextran-based nanoparticle delivery system, is designed to improve tumor targeting, thereby increasing therapeutic efficacy while reducing adverse effects on healthy tissues. The underlying research originates from the Faculty of Chemical and Process Engineering at Warsaw University of Technology, where the Biomedical Engineering Laboratory, led by Prof. Tomasz Ciach, has developed various less invasive medical devices and regenerative medicine solutions. NanoVelos is committed to finding practical applications in medicine and pharmacy, with the goal of commercializing its novel drug delivery system.

Tomorrow Sp. z o o

Seed Round in 2013
Tomorrow Sp. z o.o. is a Polish company based in Warsaw that specializes in e-learning services, focusing on the development of training content and software using advanced information technology. The company creates simulators for training purposes, serving a diverse clientele that includes businesses, government agencies, and educational institutions. Tomorrow also designs business simulations and decision-making games that replicate real-world scenarios, enhancing learning experiences in various sectors such as education, culture, and industry. By leveraging modern multimedia and gamification systems, the company aims to improve evaluation processes and engagement in training. Additionally, it explores the integration of virtual reality across multiple fields, including medicine, architecture, and entertainment, thereby expanding the possibilities for interactive learning and training.

NanoThea

Seed Round in 2013
NanoThea, Inc. is a nanotechnology company based in Warsaw, Poland, specializing in cancer diagnostics and treatment. Founded in 2012, it develops innovative nanoparticles designed for targeted delivery of chemotherapeutics, enhancing the efficacy of cancer therapies. The company's focus is on creating a tumor-targeting delivery system that utilizes safe polymer nanocarriers to improve the accumulation of therapeutic agents within tumor tissues via enhanced permeation and retention. This approach ensures non-toxicity and biocompatibility, providing healthcare professionals with precise tools for diagnosing conditions such as prostate cancer through advanced imaging techniques. NanoThea's technology, which incorporates natural materials compatible with the human body, aims to transform diagnostic oncology and improve patient outcomes. The company has garnered recognition from venture capital firms for its innovative advancements in the field.

Loterity

Series A in 2012
Loterity is a provider of comprehensive lottery software solutions designed to enhance the mobile lottery experience for both operators and players. Its platform allows users to access and play a variety of lottery games, including Lotto and Keno, directly from their mobile devices, ensuring convenient access anytime and anywhere. The service includes features such as push notifications for jackpots and promotions, secure payment options through popular local systems, and ticket validation via mobile camera scanning. Additionally, Loterity offers localization services to direct players to nearby lottery points of sale and utilizes geolocation technology to monitor sales in real-time. With a focus on security and user-friendly account management, Loterity aims to improve engagement and streamline operations for lottery operators.

Vivid Games

Series A in 2012
Vivid Games is a prominent independent mobile game development studio based in Bydgoszcz, Poland, and is recognized as the largest producer of mobile games in the country. Established in 2006 by experienced professionals in the computer industry, the company has developed over 150 projects, showcasing its commitment to high-quality game design and innovation. Vivid Games leverages its proprietary technology to efficiently port games across multiple platforms, including Android, iOS, and various gaming consoles. With a focus on meeting the dynamic demands of consumers, Vivid Games has built a strong reputation in the global video game industry, supported by its offices in London and San Francisco. Its products are well-received worldwide, reflecting a dedication to digital excellence and a long-term partnership approach with renowned companies and brands.

Incuvo

Series A in 2012
Incuvo is a game development company specializing in creating and porting virtual reality games, often on a work-for-hire basis. Among its notable titles are Blair Witch, Layers of Fear, and Super Hero Fight Club, as well as its innovative mobile game Createrria. Createrria allows users, regardless of programming skills, to design and share their own games using a variety of themes and mechanics. Since its launch on iOS in December 2013, Createrria has become a popular platform, achieving over one million downloads and enabling users to create more than two million games, which collectively have garnered over 26 million plays. Incuvo continues to expand its portfolio, combining creativity with engaging gameplay experiences.

Audioteka

Series A in 2012
Audioteka is a mobile application that specializes in providing audiobooks from various publishers in nine languages across 23 countries. The company aims to reintegrate storytelling into the lives of busy individuals by leveraging technology to facilitate easy access to its content. Audioteka not only edits and produces audiobooks but also collaborates with actors and inspires innovative productions, offering unique content unavailable in other audiobook stores. The platform features unlimited free online storage for audiobooks, online bookmarks synchronization, and cross-platform access, allowing users to enjoy a seamless experience while on the go. By focusing on high-quality content and understanding the needs of its mobile users, Audioteka continues to enhance its offerings and promote the audiobook medium.
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