New Europe Ventures

New Europe Ventures, LLC is a venture capital firm established in 2007, based in the United States. It specializes in early-stage investments, primarily targeting high-technology companies within sectors such as telecommunications, mobile services, internet services, media, technology-based B2B services, medical devices, and nanotechnology. The firm predominantly focuses its investments in companies located in Poland, aiming to support the growth of innovative enterprises in Eastern Europe.

F. Mark Modzelewski JD

Co-Founder and Managing General Partner

12 past transactions

JIVR

Venture Round in 2017
"Everyday, just in EU, there's 100M people commuting to large cities to work. Only 10% of them currently cycle. JIVR's goal is to show the other 90% that cycling to work can be hassle-free."​ JIVR Bike is a hassle-free commuting bike, allowing you to enjoy the benefits of cycling, without any lifestyle compromises. We exist to make non-cyclists cycle. 1. JIVR Bike has all the mechanical elements encapsulated inside the frame, keeping it clean and smooth. This results in eliminating all the hassles faced by cyclists i.e. mud splashing on trousers. 2. An electric drive allows the user to commute effortlessly and focus entirely on enjoying the journey. For urban commuters cycling to work, this solution eliminates the problem of sweating. 3. It folds in four, simple ergonomic moves, to a position that can be easily wheeled, pulled up the stairs or fitted under a desk. 4. JIVR Bike connects with your smartphone to help you monitor and navigate your journey and the bike.

Waltz

Seed Round in 2017
Waltz is a technology company based in Brooklyn, New York, founded in 2014, that specializes in smartphone payment solutions for public transport systems. The company enables passengers to purchase tickets for subways, buses, and commuter rail, streamlining the ticketing process for users. In addition to its transit payment capabilities, Waltz has developed a smartphone-based access solution that allows users to unlock doors and turnstiles by simply opening the app and scanning a QR code at Waltz-enabled terminals. This technology enhances convenience and security, as users can also invite guests into office spaces and call elevators through the app. Waltz operates as a subsidiary of WeWork Companies Inc. since June 2019, further expanding its reach within the urban mobility and access technology sectors.

Explain Everything

Series A in 2016
Explain Everything, Inc. specializes in developing user-friendly software designed primarily for educators. Its flagship product, Explain Everything Whiteboard, enables teachers to create, digitize, and organize educational materials for videos, live instruction, and class activities, thereby enhancing student engagement. With over 20 million downloads globally, the software caters not only to teachers but also to students, professionals, and other users seeking effective communication tools. The platform supports various learning scenarios, including remote, in-person, and hybrid teaching environments. It integrates seamlessly with popular learning management systems and video communication tools, such as Google Classroom, Microsoft Teams, and Webex, and is also compatible with storage solutions like Google Drive and Dropbox. Recognized for its contributions to education, Explain Everything adheres to strict data privacy standards in both Europe and the United States, ensuring transparent data handling practices. The application is available on multiple platforms, including iOS, Android, and web browsers, making it accessible to a wide audience.

Silvair

Series A in 2016
Silvair, Inc. is a technology company founded in 2013 and headquartered in Krakow, Poland. It specializes in providing software solutions for the Internet of Things, particularly in the smart lighting sector, primarily targeting markets in North America and Western Europe. The company develops Bluetooth-based interoperable wireless solutions designed for lighting manufacturers and intelligent building management systems. Silvair's product offerings include firmware for smart lighting components produced by third-party manufacturers, as well as tools for configuring, controlling, and managing lighting infrastructure. Additionally, the company provides analytics tools that utilize data collected from sensors integrated into lighting systems, enhancing the overall lighting experience for users.

AirHelp

Series A in 2016
AirHelp is an organization dedicated to enhancing passenger rights and experiences worldwide by assisting travelers in obtaining compensation from airlines for flight cancellations, delays, and overbookings. The company streamlines the claims process by managing essential documentation and legal complexities, thus enabling passengers to assert their rights under relevant laws. In addition to flight compensation services, AirHelp offers subscription-based disruption coverage and parametric travel insurance products. Founded in 2013 by Greg Roodt, Henrik Zillmer, and Nicolas Michaelsen, AirHelp operates globally, providing support to millions of travelers in 18 languages, with offices located in major cities including Berlin, Barcelona, Gdansk, and Sao Paulo. The current CEO, Tomasz Pawliszyn, has led the company since January 2022.

Estimote

Series A in 2016
Estimote Inc., established in 2012, specializes in developing sensor-based analytics platforms. Headquartered in New York with offices in San Francisco and Krakow, the company manufactures small wireless sensors called Estimote Beacons and Stickers, which utilize Bluetooth low energy to detect nearby smartphones and facilitate indoor location tracking. These sensors are primarily supplied to brick-and-mortar retail stores across the United States and Europe, enabling retailers to deliver targeted mobile advertising based on customers' in-store locations.

Explain Everything

Series A in 2015
Explain Everything, Inc. specializes in developing user-friendly software designed primarily for educators. Its flagship product, Explain Everything Whiteboard, enables teachers to create, digitize, and organize educational materials for videos, live instruction, and class activities, thereby enhancing student engagement. With over 20 million downloads globally, the software caters not only to teachers but also to students, professionals, and other users seeking effective communication tools. The platform supports various learning scenarios, including remote, in-person, and hybrid teaching environments. It integrates seamlessly with popular learning management systems and video communication tools, such as Google Classroom, Microsoft Teams, and Webex, and is also compatible with storage solutions like Google Drive and Dropbox. Recognized for its contributions to education, Explain Everything adheres to strict data privacy standards in both Europe and the United States, ensuring transparent data handling practices. The application is available on multiple platforms, including iOS, Android, and web browsers, making it accessible to a wide audience.

PiLab

Venture Round in 2015
PiLab is a publically held software company based in Wroclaw, Poland. Their mission is to enable customers to unlock the enormous potential value that’s hidden within their myriad of data sets. The company develops advanced technology to power its products. To date the company has filed four patents. Currently PiLab products are available in Poland. In the future, the company intends to offer its products in the United States and other countries.

OncoArendi Therapeutics

Series A in 2015
OncoArendi Therapeutics S.A. is a biopharmaceutical company based in Warsaw, Poland, focused on the discovery, development, and commercialization of therapeutics for neoplastic and inflammatory diseases. Established in 2012, the company is advancing several clinical candidates including OATD-01 for asthma, a CHIT1 inhibitor for idiopathic pulmonary fibrosis and sarcoidosis, and a therapy targeting the protein YKL-40 for glioblastoma multiforme and other cancers. OncoArendi emphasizes its capabilities in medicinal chemistry and preclinical biology, aiming to create innovative drug solutions while engaging in research partnerships to enhance its development efforts.

Estimote

Seed Round in 2013
Estimote Inc., established in 2012, specializes in developing sensor-based analytics platforms. Headquartered in New York with offices in San Francisco and Krakow, the company manufactures small wireless sensors called Estimote Beacons and Stickers, which utilize Bluetooth low energy to detect nearby smartphones and facilitate indoor location tracking. These sensors are primarily supplied to brick-and-mortar retail stores across the United States and Europe, enabling retailers to deliver targeted mobile advertising based on customers' in-store locations.

Medicalgorithmics

Seed Round in 2007
Medicalgorithmics S.A. is a medical technology company based in Warsaw, Poland, specializing in cardiac diagnostic solutions. Established in 2005, the company offers a range of innovative products, including PocketECG, a mobile ECG device designed for arrhythmia diagnosis that provides real-time ECG signal transmission and comprehensive reporting. Other offerings include PocketECG CRS for cardiac rehabilitation, ECG TechBot for automated ECG analysis, PatchECG for offline monitoring, and PocketECG 12Ch for remote ECG description. Medicalgorithmics is recognized as one of the largest and fastest-growing cardiac monitoring companies globally, focusing on the development of advanced Digital Signal Processing algorithms and medical electronics. The company operates not only in Poland but also in the United States and internationally, emphasizing non-invasive diagnostic technology in its services.
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