ARIA Fund

ARIA Fund is an independent growth equity firm based in Warsaw, Poland, providing capital and strategic support to technology-driven companies pursuing international growth. With professionals from diverse backgrounds, the firm combines different perspectives to help its investees scale and compete globally. It targets ventures with strong growth potential in artificial intelligence, big data, cybersecurity, software as a service, industrial innovation, education technology, and medical technology, while remaining open to other industries with distinctive value propositions. ARIA Fund delivers hands-on guidance, operational resources, and networks to accelerate growth and expand market reach.
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Dariusz Lewandowski

Co-Founder, Managing Partner and Chief Investment Officer

9 past transactions

Livespace

Series A in 2024
Livespace sp. z o.o., established in 2010 and located in Warsaw, Poland, specializes in designing and developing customer relationship management (CRM) software. The company's sales automation tool enhances communication between sales representatives and customers, streamlining the sales process to facilitate more predictable deal closures. Unlike traditional cloud CRM solutions, Livespace significantly minimizes time spent on data entry through e-mail automation, allowing sales reps to focus on client interactions. Utilizing machine learning and artificial intelligence, the platform automates repetitive tasks and provides actionable insights, thereby improving the productivity and efficiency of sales teams across various sectors, including finance, automotive, and media.

Inuru

Series A in 2023
Inuru is a Berlin-based technology company that develops and manufactures organic light-emitting diode OLED printing technology to create paper-thin lighting and displays. Its on-demand printing enables low-cost OLED labels and illuminated surfaces for packaging, advertising, and print applications, adding light to surfaces using standard manufacturing processes. The company operates a fully automated OLED manufacturing line in Germany. Founded in 2016, Inuru aims to expand into clothing and medical applications and serves customers such as Coca-Cola and other brands.

Nethone

Series A in 2021
Nethone offers a Know Your Users (KYU) risk-detection platform that protects the entire user journey from onboarding to post-payment, using AI-powered profiling to understand each end-user and block risky activity without impacting legitimate users. Its Profiler analyzes thousands of attributes to deliver real-time, actionable recommendations and supports end-to-end protection against more than 100 fraud tactics on websites and mobile apps, including account takeovers, bot attacks, promo abuse, friendly fraud, and card-not-present fraud. The modular platform aims to lower rejection rates and reduce manual review costs while preserving the user experience. Founded in 2016 within Daftcode, Nethone has global ecommerce, digital goods, and financial clients and has been part of Mangopay Group since 2022. It has been recognized as a fast-growing fintech company by The Financial Times and Statista.

Sundose

Series A in 2021
Sundose is a business that specializes in personalized nutrition. It formulates and delivers customized supplement blends tailored to each individual's lifestyle and dietary needs, ensuring they receive dietician-approved nutrients for optimal health and wellbeing.

Inuru

Series A in 2020
Inuru is a Berlin-based technology company that develops and manufactures organic light-emitting diode OLED printing technology to create paper-thin lighting and displays. Its on-demand printing enables low-cost OLED labels and illuminated surfaces for packaging, advertising, and print applications, adding light to surfaces using standard manufacturing processes. The company operates a fully automated OLED manufacturing line in Germany. Founded in 2016, Inuru aims to expand into clothing and medical applications and serves customers such as Coca-Cola and other brands.

Senuto

Seed Round in 2020
Senuto is a software-as-a-service company delivering a comprehensive SEO support platform. The system comprises five modules: visibility analysis, a keyword database, SEO audits, SEO tools, and smart content planning. Visibility analysis uses large-scale data to assess Google search results, examining 20 million weekly phrases and 2.5 million phrases daily to track visibility changes. The keyword database contains about 100 million phrases with advanced filtering. SEO audits consist of 10 precise reports to improve site alignment with search engine standards and monitor changes over time. The 33 SEO tools automate routine processes, including internal linking and daily monitoring. Smart content planning helps prioritize content development to support traffic growth. The platform aims to help clients increase organic traffic by providing actionable insights and measurable reporting.

Software Development Academy

Series A in 2019
Software Development Academy is a crucial partner in the recruiting, reskilling, and upskilling of entire teams. SDA training adds value to businesses by fusing technological and sectoral knowledge, boosting worker productivity and encouraging company growth. It provides training suited to the demands of the ICT industry. The proprietary education program converts technophiles into programmers.

Livespace

Seed Round in 2017
Livespace sp. z o.o., established in 2010 and located in Warsaw, Poland, specializes in designing and developing customer relationship management (CRM) software. The company's sales automation tool enhances communication between sales representatives and customers, streamlining the sales process to facilitate more predictable deal closures. Unlike traditional cloud CRM solutions, Livespace significantly minimizes time spent on data entry through e-mail automation, allowing sales reps to focus on client interactions. Utilizing machine learning and artificial intelligence, the platform automates repetitive tasks and provides actionable insights, thereby improving the productivity and efficiency of sales teams across various sectors, including finance, automotive, and media.

Survicate

Venture Round in 2017
Survicate is a customer feedback platform tailored for small and medium-sized businesses. It provides a comprehensive suite of five solutions, including targeted website surveys, user-initiated feedback widgets, one-click email surveys, NPS email surveys, and questionnaires. This all-in-one tool enables businesses to gather customer feedback across various digital touchpoints, allowing them to track customer experiences over time and receive automated reports. Survicate also facilitates collaboration by allowing team members to join in on the feedback process at no additional cost. By leveraging the insights gained from customer feedback, businesses can effectively reduce churn, enhance customer loyalty, and better address the needs of their clients.
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