Inovo Venture Partners is a venture capital firm established in 2011 and based in Warsaw, Poland, with over €50 million in assets under management. The firm focuses on investing in high-growth technology companies at the pre-seed, seed, and Series A stages, particularly within the Central and Eastern European region. Inovo specializes in sectors such as developer tools, artificial intelligence, machine learning, data science, healthcare, and SaaS-enabled marketplaces. The firm has earned recognition as a leading venture capital investor in Poland, having supported over 20 companies through direct investments and as business angels. Notable investments from its first fund include Booksy and Brand24, while its second fund has backed companies like Allset and Tidio. Inovo's team comprises experienced professionals with backgrounds in prominent organizations, enabling them to effectively identify and nurture companies that are poised to transform their industries and achieve market dominance.
bValue is a venture capital firm based in Warsaw, Poland, established in 2016. It specializes in investing in early-stage companies primarily located in Central and Eastern Europe. The firm focuses on technology, tech-enabled, and innovation-driven businesses, providing growth capital to ambitious entrepreneurs in the region. bValue aims to foster innovation and digitalization, offering strategic and tactical support to regional category leaders seeking international expansion. The firm manages a growth equity fund and is also involved with an early-stage venture capital fund that targets various sectors, including communications, software, consumer products, and IT services. Through its investments, bValue seeks to play a pivotal role in the development of the entrepreneurial ecosystem in Central Europe.
Founded in 1999, MCI Capital is a leading Digital Private Equity investor based in Warsaw, Poland. The firm focuses on investing in digital disruption and transformation across Europe, with a particular emphasis on Central and Eastern European markets. Preferred sectors include SaaS, e-commerce, marketplace platforms, fintech, insurtech, foodtech, traveltech, and digital infrastructure. MCI Capital typically invests between EUR 25-100 million in buyout or expansion stage projects.
Enterprise Investors, established in 1990, is a prominent private equity firm headquartered in Warsaw, Poland. Specializing in mid-market buyouts and expansion financing, the firm focuses on succession-driven transactions and high-growth enterprises across various sectors, including consumer goods and retail, financial services, IT, industrial products, business process outsourcing, and healthcare. With over three decades of experience, Enterprise Investors has raised eight funds, totaling EUR 2 billion, and invested EUR 1.7 billion across 137 companies in Central and Eastern Europe.
Founded in 1991, Kulczyk Investments is a private investment house that supports European companies for global growth. It makes long-term investments using its own capital and know-how, leveraging international partnerships.
Santander Bank Polska S.A. is a commercial bank headquartered in Warsaw, Poland, established in 1989. It caters to a diverse clientele, including individual customers, small and medium-sized enterprises (SMEs), and large corporations. The bank offers a comprehensive range of banking products and services, such as savings and current accounts, various types of loans—including housing, mortgage, and business loans—credit and debit cards, and payment solutions. Additionally, it provides electronic banking services, investment advisory services, insurance products, and access to investment funds and brokerage services. Santander Bank Polska also engages in foreign trade services, offering bank guarantees, currency exchange, and leasing options. With a network of approximately 1,000 branches and partner outlets across Poland, the bank aims to deliver tailored financial solutions efficiently. The institution was previously known as Bank Zachodni WBK S.A. before rebranding in September 2018 and operates as a subsidiary of Banco Santander S.A.
Abris Capital Partners, established in 2007, is a private equity firm headquartered in Warsaw, Poland, with additional offices in Leeds, UK, Nicosia, Cyprus, and Bucharest, Romania. The firm specializes in acquiring majority stakes in middle-market companies across Central and Eastern Europe, with a particular focus on Poland, Bulgaria, Romania, and Ukraine. Abris invests in a broad range of sectors, including industrial, commercial, and service businesses, as well as infrastructure and energy. It typically targets companies undergoing operational or strategic changes, succession situations, or seeking to delist from stock exchanges. The firm's investment size ranges from €15 million to €75 million, with a typical investment period of three to five years, and exits primarily through trade sales or initial public offerings. Abris does not invest in gambling, high-content alcohol beverages, drugs, prostitution, speculative real estate, start-ups (except as part of an investee company's development plans), or companies in operational distress.
Google for Startups is an initiative supporting global startups. It offers access to Google's products, connections, and best practices through a network of partners in over 135 countries. The program aims to help determined startups succeed.
Accession Capital Partners, previously known as Mezzanine Management Finanz- und Unternehmensberatungs GmbH, is a private equity firm established in 2000 and headquartered in Vienna, Austria. The firm specializes in mezzanine financing, focusing on management buyouts, recapitalizations, and growth capital investments in mature, middle-market companies. Accession Capital Partners targets sectors such as financial services, healthcare, consumer goods, business services, manufacturing, and information technology, with a particular emphasis on new European Union member states in Central and Eastern Europe, including Poland, Slovakia, Romania, and Bulgaria. The firm typically invests between €5 million and €50 million in companies with sales values ranging from €10 million to €400 million, enterprise values between €20 million and €400 million, and EBITDA from €2 million to €50 million. Accession Capital Partners does not engage in investments related to real estate, alcohol, tobacco, firearms, project finance, startups, or high-tech companies. With a strong local presence and established relationships in the region, the firm has positioned itself as a preferred partner for financial sponsors and business owners.
SMOK Ventures is a venture capital firm based in Warsaw, Poland. It invests in early-stage startups across Central & Eastern Europe, focusing on gaming development, artificial intelligence, and software sectors.
Fortum is a Finnish energy company that generates clean electricity from renewable sources such as hydro, nuclear, and solar power. It operates primarily in the Nordic and Baltic regions, Russia, Poland, and India, providing consistent district heat and electricity to residential and commercial users.
Innova Capital is a Warsaw-based private equity firm founded in 1994 that targets mid-market buyouts in Poland and Central Europe. It invests across sectors such as financial services, business services, technology, manufacturing, consumer products and services, healthcare, and retail. The firm focuses on growth-oriented companies and seeks exits within three to five years through strategic sales or initial public offerings.
European Bank for Reconstruction and Development finances projects and provides advisory services to the public and private sectors. It supports new ventures and expansion in existing companies through project financing, loans, and equity or quasi-equity investments, including equity funds and guarantees, and it partners with private entities to invest across sectors such as banking, energy, manufacturing, infrastructure, information technology, and services. The bank also helps publicly owned entities privatize and restructure municipal services and engages in policy reform dialogue and advisory services, along with trade finance and loan syndication. Founded in 1990 and headquartered in London, it operates across regions including Southeastern and Central Europe, the Baltic States, Eastern Europe and the Caucasus, Central Asia, and parts of the Middle East and Africa, aiming to foster market-oriented change and private sector development by mobilizing capital for sustainable investments. It has invested more than €130 billion in over 5,200 projects.
Founded in Poznan, Poland, SpeedUp Venture Capital Group invests in early-stage companies across Central and Eastern Europe. They focus on innovative solutions in sectors such as consumer internet, fintech, martech, adtech, medtech, IoT, hardware, machine learning, AI, and more.
Innovation Nest is a venture capital firm based in Kraków, Poland. It invests in early-stage B2B SaaS startups across Europe and helps them scale from local to global by leveraging its network and in-house expertise, supporting portfolio companies in expanding internationally, including establishing a presence in Silicon Valley to accelerate growth and reach new markets.
Founded in 2016, Sunfish Partners is a venture capital firm based in Berlin, Germany, with an additional office in Warsaw, Poland. The firm specializes in early-stage investments, focusing on deep tech startups in sectors such as space, defense, health tech, AI, robotics, and other innovative technologies. Sunfish Partners primarily invests in companies from Central and Eastern Europe (CEE), with a dedicated focus on Poland.
mBank is a full-service commercial bank headquartered in Warsaw, Poland, established in 1986. It is recognized as a leader in e-banking, offering a wide range of financial services that include retail, corporate, and investment banking. The bank provides additional services such as leasing, factoring, commercial real estate financing, brokerage operations, wealth management, corporate finance, and capital markets advisory. Its client base is diverse, encompassing micro firms, large corporations, and public institutions. Commerzbank holds a majority interest in mBank, reinforcing its position in the Polish financial market. The bank's mission focuses on maximizing benefits and convenience in both personal and corporate finance.
Founded in 2008, Black Pearls VC is an early-stage venture capital firm based in Gdansk, Poland. They focus on investing in leading tech startups across Europe, with a particular emphasis on the Baltic Sea Region. The firm is sector agnostic but B2B focused, with a successful track record in areas such as Digital Health, Enterprise Software, Fintech, Future of Work, and Deep Tech.
Innova Capital is a private equity firm focused on growth capital, buyouts, buyins, bridge financing, founder succession, spin-offs, buy-and-build, replacement capital, platform strategies, and cross-border expansion in mature and mid-market companies. It does not invest in turnarounds or startups. The firm targets industries including construction, manufacturing, energy, technology, media, financial services, consumer goods, telecommunications, healthcare, outsourcing, and other business services, with a geographic focus on Central Europe and Central Eastern Europe, particularly Poland, Slovakia, Croatia, Hungary, Romania, Moldova, the Czech Republic, Bulgaria, Germany, and Austria. Typical deal sizes range from €5 million to €75 million in equity, with enterprise values between $50 million and $184 million, and it pursues both majority and minority stakes. It can provide additional equity, debt, and mezzanine capital through its network of co-investors and lenders. Investments typically span three to five years, with exits by sale to a strategic investor or via an initial public offering. The firm is headquartered in Warsaw and operates an office in Bucharest; it was founded in 1994.
AIP Seed is a venture capital fund investing in early-stage technology companies globally. Founded by Dariusz Żuk, it focuses on Polish founders and the diaspora building transformative technologies. The firm offers strategic expertise alongside capital through Competence Hubs, supporting areas like AI, marketing, and finance. AIP Seed prioritizes quality over quantity, seeking visionary founders aligned with its long-term commitment.
Resource Partners is an independent private equity firm based in Warsaw, Poland, founded in 2009. It focuses on investments in the consumer goods and services sectors and provides capital for development, management buy-ins and buyouts of companies in Central Europe. The firm pursues opportunities across regional markets and has experience with investments in financial institutions and funds, reflecting a diversified approach.
EEC Ventures is a venture capital firm headquartered in Warsaw, Poland, that invests in technology-driven sectors such as utilities, energy, environment, sustainable development, and advanced materials. It backs early-stage and growth-stage companies and supports them with capital and strategic guidance. The firm targets opportunities in power engineering, Industry 4.0, the Internet of Things, information and communication technology, cybersecurity, process efficiency, smart utilities, energy infrastructure, artificial intelligence, big data, circular economy, and material engineering. EEC Ventures aims to create value by promoting resource efficiency, reducing environmental impact, and advancing infrastructure and utility systems. By funding companies that address trends like resource optimization, CO2 emissions reduction, and waste minimization, the firm positions itself at the intersection of technology and sustainability.
EASME is a European Union executive agency that supports small and medium-sized enterprises and promotes innovation in Europe. It manages projects in the areas of small and medium-sized enterprises, as well as the environment, energy, and maritime sectors, funded by COSME, LIFE, and EMFF. EASME organizes the European Sustainable Energy Week and serves industries such as environmental management, energy production, and maritime activities.
Founded in 2008, Xevin Investments is a venture capital firm based in Warsaw, Poland. It provides investment and advisory services, focusing on early-stage companies and projects in need of capital to achieve their business goals.
European Investment Bank is the EU's long-term lending institution owned by its member states. It finances public and private sector projects across transportation, energy, telecommunications, health, education, water, housing, and other sectors in the European Union and beyond. The bank provides a range of financing tools including project loans, guarantees, debt and equity investments, and risk-sharing arrangements, as well as microfinance and venture capital funds. It also offers advisory services, infrastructure funding, and support for urban development, PPPs, and sustainable energy projects. Through infrastructure and environmental funds and partnerships with banks and intermediaries, it supports SMEs, innovation, and the transition to a low-carbon economy.
Founded in 2017, OTB Ventures is a leading European venture capital firm focused on DeepTech investments. With a unique advantage in accessing Central and Eastern European deal flow, the company invests primarily in early growth stage startups (late Seed to Series B) developing innovative technologies in SpaceTech, AI & Automation, FinTech, and Cybersecurity verticals. Headquartered in Amsterdam with an additional office in Warsaw, OTB Ventures manages over $300M.
Pracuj Ventures Sp. z o.o. is a venture capital firm specializing in early stage, seed stage, technology startup investments. The firm focus to invest in human resources technologies and educational technologies. It prefers to invest in the companies based in Poland and Ukraine. The firm seeks to invest between zł0.5 million ($0.12 million) and zł2 million ($0.50 million). The firm invests for a period of three to seven years. The firm prefers to make co-investments. The firm seeks to require an executive, non-executive, advisor or observer board seat. Pracuj Ventures Sp. z o.o. was founded in 2019 and is based in Warsaw, Poland.
Established in 2012, Protos Venture Capital is a Warsaw-based venture capital firm focused on investing in early-stage internet businesses in Poland. Its investment portfolio primarily consists of Software-as-a-Service (SaaS) and marketplace projects.
Unfold.vc is a venture capital firm based in Wrocław, Poland, established in 2007. The firm specializes in investing in technology companies, focusing on sectors such as software as a service (SaaS), gaming, bioinformatics, and robotics as a service (RaaS). Unfold.vc seeks innovative projects with the potential to transform industries and achieve global success. With a team of experienced professionals, the firm leverages its extensive knowledge to identify and support promising technology ventures.
Avallon is a private equity firm based in Lodz, Poland, founded in 2001. It pursues mid-market investments in consumer goods, manufacturing, healthcare and technology companies across Central and Eastern Europe. The firm partners with professional and committed managers to execute management buyouts and related equity strategies, including leveraged buyouts, owner transitions and growth investments. Avallon emphasizes collaborative value creation, sharing knowledge, experience and contacts to support portfolio companies. Its sector focus includes fast-moving consumer goods, new technologies, health care, SaaS and cloud solutions, with a track record of financing buyouts and growth initiatives that strengthen market positions and operational performance in the region.
Tar Heel Capital Pathfinder is a Warsaw-based venture capital firm focused on investing in globally scalable technology businesses. Founded in 2017, it provides capital alongside technology, business, and marketing expertise, and access to a network of contacts to accelerate growth and competitive advantage. Notable exits include RemoteMyApp's sale to Intel and Primetric's acquisition by BigTime.
LT Capital is a venture capital firm founded in Krakow, Poland in 2017. It focuses on investing in early-stage companies in the technology sector across Central and Eastern Europe, with a particular emphasis on Poland.
Experior is a Polish venture capital firm specializing in early and growth stage investments. It focuses on small and medium-sized enterprises, particularly those operating in software, tech-enabled services, IT, healthcare, IoT, internet, and mobile sectors. Experior invests between $0.5 million to $3 million, typically taking majority or minority stakes with a medium-term investment horizon of three to five years.
Founded in Warsaw, Poland in 2016, Kogito Ventures is a venture capital firm that invests in early-stage technology companies. It builds 50/50 syndicates with angel investors, with ticket sizes ranging from PLN 0.5m to PLN 2m per investment and follow-on investments up to PLN 4m per company. Kogito participates in rounds starting from Pre-Seed to Series A.
Established in 2011, Aligo specializes in early-stage investments, focusing on companies with a project team and initial clients. They concentrate on sectors such as health tech and cleantech.
RTA Ventures, founded in 2011, is a venture capital firm with a focus on early-stage investments in online businesses, particularly in the healthcare sector. The firm is headquartered in New Hudson, Michigan, and has additional presence in Berlin, Germany, and Warsaw, Poland. RTA Ventures specializes in a range of sectors including healthcare, information technology, software as a service (SaaS), and mobile technologies. The firm aims to identify and support innovative companies that demonstrate potential for growth, particularly those with business models centered around digital solutions and marketplaces.
Founded in 2019 and based in Warsaw, Poland, Next Road Ventures is a venture capital firm focusing on early-stage companies across Europe, with a particular emphasis on Central and Eastern Europe. The firm invests primarily in SaaS and marketplace sectors.
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.
RST Ventures For Earth is a venture capital firm located in Wroclaw, Poland, established in 2018. The firm specializes in investing in early-stage and later-stage technology companies, focusing on sectors such as renewable energy, industrial automation, robotics, the Internet of Things (IoT), advanced materials, and artificial intelligence. RST Ventures aims to support innovative projects that contribute to a cleaner environment and sustainable development through its investments in both hardware and software solutions. The firm seeks to foster growth in various industries, including cleantech, advanced manufacturing, and business services, thereby promoting technological advancements that align with its mission.
Alfabeat is a venture capital firm based in Gdansk, Poland, with an additional office in Warsaw; it concentrates on seed and early-stage investments in B2B enterprise software companies, focusing on Central and Eastern Europe, and targets enterprise SaaS and related information technology sectors.
Established in 2021, Spire Capital Partners is a private equity firm headquartered in Luxembourg. It focuses on investing in mid-cap companies within the technology and digital transformation space, specifically targeting tech-enabled services, software, and e-commerce sectors.
KAYA is a venture capital firm that emerged from Enern Investments, a financial group established in 2010 in Prague. It focuses on investing in technology-driven companies, particularly those with potential for significant growth in the Central and Eastern European (CEE) region. With a portfolio of over 40 investments, KAYA aims to support and nurture entrepreneurial talent in various sectors, especially those leveraging network effects. The firm operates independently from Enern, which manages a broader range of investments across clean energy, tech, and real estate. KAYA represents a dedicated approach to venture capital, with a commitment to fostering innovation and development in the tech industry.
Established in Warsaw since 1993, Warsaw Equity Group is a private equity firm focused on investing in innovative B2B solutions within the High-Tech/Industry 4.0 space. The company targets profitable or near-profitable companies with validated products and ambitious management teams, primarily located in Poland or the CEE region. With over two decades of experience, Warsaw Equity Group supports its portfolio companies by providing capital, expertise, and network to facilitate growth.
Simpact Fund Sp. z o.o. is a venture capital firm based in Warsaw, Poland, that focuses on growth capital and early-stage investments in technology-driven startups. As the first impact investment venture capital fund in the country, Simpact aims to support ventures that demonstrate high business potential while also delivering positive social or environmental outcomes. The firm primarily invests in the information technology sector across Central and Eastern Europe, with funding ranging from EUR 0.1 million to EUR 2 million. Simpact is dedicated to empowering founders to create companies that align profitability with purpose, contributing to meaningful change in society.
Czysta3.vc is a venture capital investment firm based in Sleza, Poland, founded in 2018. It focuses on technology-focused opportunities across information technology, big data, the internet of things, fintech, mobile, cloud, digital, and e-commerce. The firm provides funding and strategic support to technology companies, including assistance with sales and marketing and helping portfolio companies scale and expand into international markets.
Founded in 2017, Market One Capital is a venture capital firm based in Warsaw, Poland. It focuses on investing in early-stage European companies operating in sectors such as marketplaces, SaaS-enabled platforms, and software.
Cogito Capital Partners is a venture and growth capital firm founded in 2018 that invests in late- and growth-stage technology companies. The firm focuses on B2B sectors including enterprise software, fintech and insurtech, healthtech/diagnostics, internet of things and mobility, and tends to take minority positions in portfolio companies. It targets opportunities in Europe, with emphasis on Central and Eastern Europe, while pursuing potential for global expansion. With a presence across Europe and the United States, Cogito Capital Partners operates from offices in major hubs such as Warsaw, New York, Luxembourg and Berlin. The firm collaborates with entrepreneurs seeking investors who can provide both capital and regional reach.
Founded in 2022, Tangent Line Ventures is a venture capital firm based in Warsaw, Poland. It invests in early-stage industrial technology startups across various sectors including industry 4.0, life sciences, technical and environmental sciences, material technologies, and information technology.
Archicom is a Poland-based real estate company specializing in property development and construction. The firm focuses on creating residential and office buildings, contributing to various significant projects such as Olimpia Port, Fourth Dimension, River Point, and Four Seasons. In addition to development, Archicom offers commercial services, positioning itself as a key player in the Polish real estate market.
Highlander Partners, founded in 2004 by Laurence E. Hirsch and Michael R. Nicolais, is a private equity firm headquartered in Dallas, Texas. The company focuses on direct private equity and mezzanine investments in light manufacturing, basic materials, food products, business services, industrial services, and value-added distribution companies across North America and Central Europe.