ORLEN VC

The ORLEN VC corporate fund's strategic objective is to acquire breakthrough technologies and solutions, deploy them in the Group's core businesses, and do so while ensuring favorable rates of return.

Marek Garniewski

President

7 past transactions

Circunomics

Series A in 2024
Circunomics GmbH specializes in the recycling and reselling of batteries, focusing on the circular economy within the battery sector. Founded in 2019 and headquartered in Mainz, Germany, with additional offices in Shanghai and Boston, the company employs artificial intelligence to provide comprehensive data on battery life cycles. Circunomics predicts the timing for battery reuse or recycling, evaluates their circular value, and connects sellers with appropriate buyers and recyclers. Through its digital platform, Circunomics aims to enhance the efficiency of battery management processes, facilitating the integration of millions of batteries into secondary applications and recycling. The company also promotes market transparency and trust among participants, while addressing the challenges related to resource waste and dependency on foreign supplies of lithium and cobalt.

Heimdall Power

Series B in 2024
Heimdall Power AS, established in Bergen, Norway in 2015, specializes in developing innovative sensor platforms for power grids. Their flagship product, Neuron, monitors transmission lines and distribution feeders in real-time, providing situational awareness through features such as line monitoring, fault detection, dynamic line rating, and advanced analytics. By installing these sensors on power lines to collect data on parameters like temperature, load, and line sag, Heimdall Power enables grid owners to optimize operations, enhance reliability, facilitate the transition to renewable energy sources, and ultimately improve overall grid performance.

Circunomics

Venture Round in 2023
Circunomics GmbH specializes in the recycling and reselling of batteries, focusing on the circular economy within the battery sector. Founded in 2019 and headquartered in Mainz, Germany, with additional offices in Shanghai and Boston, the company employs artificial intelligence to provide comprehensive data on battery life cycles. Circunomics predicts the timing for battery reuse or recycling, evaluates their circular value, and connects sellers with appropriate buyers and recyclers. Through its digital platform, Circunomics aims to enhance the efficiency of battery management processes, facilitating the integration of millions of batteries into secondary applications and recycling. The company also promotes market transparency and trust among participants, while addressing the challenges related to resource waste and dependency on foreign supplies of lithium and cobalt.

Shippeo

Venture Round in 2023
Shippeo is a technology company specializing in real-time transportation visibility for supply chains. Founded in 2014, it offers a platform that allows shippers, carriers, and 4PLs to track deliveries and communicate proactively with end customers. The platform integrates with various data sources, including transportation management systems and telematics products, to provide real-time location data and delivery tracking. With a proprietary algorithm, Shippeo calculates estimated arrival times, helping businesses lower transportation costs, enhance customer satisfaction, and promote sustainable operations. The company tracks over 40,000 deliveries monthly across Europe, serving notable clients such as Leroy Merlin, Saint-Gobain, and Faurecia, and connects with more than 600 carriers.

Invert Robotics

Venture Round in 2022
Invert Robotics Limited specializes in providing remote robotic inspection services primarily for the food and beverage industry, as well as the pharmaceutical and oil and gas sectors. Founded in 2010 and based in Christchurch, New Zealand, the company has developed a modular, multi-technology inspection platform capable of performing non-destructive testing on various industrial equipment. Its robotic solutions are designed for visual inspections of storage tanks, spray dryers, and other vessels, allowing for the detection of cracks and defects. The proprietary robots can navigate smoothly on all surfaces, including non-magnetic materials, ensuring safe and accurate asset management. Invert Robotics aims to enhance maintenance efficiency and safety for its clients through innovative inspection technologies.

CTHINGS.CO

Seed Round in 2022
CTHINGS.CO specializes in developing Internet of Things (IoT) solutions that enable enterprises to harness valuable data from their industrial processes and assets. The company offers a comprehensive software platform that integrates fifth-generation IoT technology, including hardware, sensors, and cloud applications, to monitor, capture, transmit, and analyze data in real-time. By providing a secure and non-intrusive networking environment, CTHINGS.CO facilitates better decision-making and operational efficiency for businesses. Its solutions also include features like a digital twin representation of edge computing assets, allowing for enhanced oversight of remotely deployed microservices. This approach helps clients optimize their strategies and improve key operational aspects, such as stock replenishment.

ICSEC

Series A in 2022
ICSEC is a cybersecurity software company focused on protecting industrial control networks. We are a team of specialists dealing with industrial cyber security. Our company is made up of people with passion, who have been dealing with issues related to industrial networks since 1986. We create the first Polish IDS (Intrusion Detection System) SCADVANCE system for industrial networks and implement projects in the field of cyber security. WHAT WE DO? For years we have been dealing with security issues in OI and IT. We support companies and advise how to make business secure at every stage of its development. Our company is a top-class professional who makes sure that the solutions implemented by us are faultless and optimized. We enter where there is a need for both an idea and implementation. That is why you have come to our website. WHAT WE OFFER? We offer you the latest technological solutions and services to increase the level of security in the industry and critical infrastructure. Thanks to security audits you will learn how to better protect yourself against possible cyber attacks and meet the requirements of the NIS directive. Using our SCADVANCE system you will track any anomaly in the industrial network.
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