MCI Capital is a prominent private equity firm based in Warsaw, Poland, established in 1999. The company specializes in investing in digital disruption, transformation, and infrastructure across Central and Eastern Europe, as well as in Greece and Austria. MCI Capital focuses on sectors such as SaaS, e-commerce, marketplaces, fintech, insurtech, foodtech, traveltech, and digital infrastructure. Typically, it invests between EUR 25-100 million in individual projects at both the buyout and expansion stages. In addition to its primary investments, MCI Capital has historically engaged in private debt, growth, and venture capital, although these funds are currently focused on asset value enhancement and divestment rather than new investments. MCI Capital is managed by an experienced executive team and has been listed on the Warsaw Stock Exchange since February 2001, also being a member of the Polish Private Equity Association.
Founder, Managing Partner, Chief Investment Officer and CEO
Wojciech Degórski
Investment Manager
Adrian Gorski
Senior Investment Director
Jan Góralczyk
Senior Investment Analyst
Michal Górecki
Senior Investment Partner
Maciej Kowalski
Senior Partner / Board Member / Fund Manager
Kulas, Aleksandra
CFO
Ewa Ogryczak
Senior Partner and COO
Lukasz Sabat
Investment Manager
Pawel Sikorski
Investment Partner
Wojciech Walniczek
Investment Director, Venture Capital - Foodtech and Mobility
Maciej Wasilewski
Senior Investment Analyst
Hubert Wichrowski
Senior Investment Manager
Past deals in Cental and Eastern Europe
ANSWEAR.com
Post in 2020
ANSWEAR.com is a prominent digital sales platform specializing in branded clothing, footwear, and accessories, primarily serving customers in Central and Eastern Europe. The company operates in several countries, including Poland, Czech Republic, Slovakia, Hungary, Romania, Bulgaria, and Ukraine. ANSWEAR.com offers a wide selection of over 200 fashion brands, and it provides free delivery within 24 hours, enhancing the shopping experience for its customers. The platform is designed to cater to the growing demand for online fashion retail in the region.
IdoSell
Private Equity Round in 2018
IdoSell is a SaaS provider based in Szczecin, Poland, specializing in e-commerce solutions for professional online shops and wholesale stores. The company offers a range of services, including programming and graphic design, tailored to enhance the functionality and efficiency of online stores, warehouse sites, and sales networks. By delivering comprehensive tools and support, IdoSell enables businesses to manage their operations effectively and optimize their online retail strategies.
Frisco.Pl
Venture Round in 2018
Frisco.pl is an online supermarket based in Poland that specializes in grocery shopping and home delivery services. The platform allows customers to purchase a wide range of fresh food and ingredients, which are delivered to their homes within a one-hour window. Frisco.pl offers a user-friendly online payment system, and customers benefit from free delivery on their orders. By leveraging e-commerce, the company effectively connects consumers with a diverse selection of food products through its online distribution channel.
Netrisk
Private Equity Round in 2017
Netrisk is a Hungarian online insurance broker that operates under a one-stop-shop model, specializing in various types of insurance including car, home, travel, and accident coverage. The company leverages an online insurance portal that allows users to compare services and prices, facilitating the activation of their chosen insurance policies. Netrisk's growth potential is supported by favorable market conditions and a shift in consumer behavior towards online shopping. The company's expertise in the insurance sector further enhances its ability to meet the evolving needs of customers in a digital landscape.
Allegro
Debt Financing in 2017
Allegro is a company based in Poznan, Poland, that specializes in providing a safe shopping platform accessible via computers, tablets, and smartphones. It operates online auction portals, offering users a variety of products and services. In addition to its core e-commerce activities, Allegro also focuses on solutions related to marketing, strategy, graphic design, advertising, and mobile applications. As a subsidiary of MIH Internet Europe, Allegro has established itself as a prominent player in the online marketplace.
ATM
Post in 2016
ATM S.A. is a Polish public company with a 25-year history, listed on the Warsaw Stock Exchange (symbol: ATM) since September 2004. The main shareholders of the company are its founders. The company is known in Poland as the owner and operator of the nationwide Atman network and three state-of-the-art data centers. It is a leader in colocation and brodband data transmisson services, and offers Internet access services as well. Major recipients of services of ATM S.A. are Polish and international carriers, financial institutions, media and other enterprises of substantial telecommunications needs. ATM development strategy assumes maintaining the leading position in the Polish data center market as well as the leading position among operators of fiber-optic networks in the largest Polish cities.
ZdroweGeny.pl
Venture Round in 2015
ZdroweGeny.pl is a platform developed by Platforma Badań Genetycznych, focusing on providing a comprehensive marketplace for genetic tests in Poland. It offers a range of tests supplied by specialized laboratories, covering areas such as fertility, pregnancy development, food intolerance, and risks associated with cardiology, oncology, and age-related diseases. This initiative aims to enhance public awareness and accessibility of DNA testing, allowing individuals to gain insights into their health and potential risks, including those related to cancer and pharmacology. By offering the first extensive genetic testing service of its kind in Poland, ZdroweGeny.pl seeks to empower customers with valuable diagnostic information about their health.
Pigu Group
Venture Round in 2015
Pigu Group is an online shopping portal that offers consumer goods, electronics, home appliances, etc. The company manages an online shopping website in Lithuania that sells products including books, movies, clothing, consumer electronics, and lifestyle products.
Spark Software
Venture Round in 2015
Spark Software develops a platform for the worldwide fast-moving consumer goods (FMCG) market. Its digital ecosystem takes the industry into the mobile age. Spark Software is based in Warsaw, Poland.
Oktogo
Venture Round in 2015
Oktogo, now rebranded as travel.ru, is a prominent online hotel reservations agency based in St. Petersburg, Russia. Established to cater specifically to Russian travelers, the platform offers a comprehensive database of over 4,000 hotels within Russia and approximately 350,000 hotels globally. The website attracts more than 1 million unique visitors each month, providing users with a simple, safe, and secure way to find and book accommodations. Oktogo's extensive hotel directory includes various types of lodging, such as mini-hotels, hostels, and apartments, making it a versatile choice for travelers seeking options both domestically and internationally.
4screens
Seed Round in 2015
4screens is a Polish start-up enabling media, marketing and e-commerce companies to easily develop interactive apps available on multiple screens (such as second screen or social hub).
Asgoodasnew
Series C in 2015
Asgoodasnew electronics GmbH is a leading provider of refurbished consumer electronics in Europe. The company operates an online retail platform that offers a wide range of gadgets, including cellphones, music players, portable navigation systems, computers, smart accessories, and gaming devices. Through its trade-in services, such as WIRKAUFENS in Germany and Austria, LOCOMPRAMOS in Spain, and KUPIMYTO in Poland, Asgoodasnew allows customers to easily and securely convert their used electronics into cash. By selling refurbished products both directly to consumers and businesses, Asgoodasnew aims to provide affordable alternatives to new devices while maintaining the quality and reliability that consumers expect.
Spearhead International
Debt Financing in 2015
Spearhead International Ltd. is a producer and supplier of a diverse range of agricultural products, serving food producers, processors, and retailers primarily in Europe. The company's offerings include grains and oilseeds, such as wheat, barley, and maize; various vegetables; seed crops; milk; and livestock. Spearhead operates on approximately 85,000 hectares of agricultural land across Poland, the Czech Republic, the United Kingdom, Romania, and Slovakia. In addition to primary product production, the company has developed significant upstream and downstream operations, including seed production, vegetable processing, and supply chain management. This vertical integration allows Spearhead to provide value-added ingredients and services, ensuring consistency, quality, food safety, and traceability for its blue-chip customers. Founded in 1972 and headquartered in Cambridge, United Kingdom, Spearhead International has established itself as a key player in the agricultural sector.
HITbills
Series A in 2014
HITbills will save you more money than Uber or Airbnb Today @ TechCrunch London 20 Oct 2014 is the first public demo of HitBills Hitbills is not a typical startup – it focuses on boring topics, such as commodity prices. It is not entertainment or communication; it simply saves the money everyone pays monthly. Hitbills found an easy way to reduce costs – just scan your bills with smartphone, or simply tap “Yes”, geolocalization and automatic data gathering algorithm will find you better deals. HITbills conducts auction for commodity suppliers in your area (electricity, gas, phone, Internet, TV, bank services and loans refinancing) with one-tap switch if you decide. Why money can be saved ? The secret of business is that due to global deregulation, there are plenty of cheaper providers (or cheaper banks), offering exactly the same product with lower margin. We talk about really big money (according to Forbes’s list of Top 1000 companies by revenue, commodity sector is the top – because everybody pays bills – Google ranks at #63, Facebook at #101). Average savings per household are 10-40% (depending on localization) – multiply it by 12, and imagine that you got 1000$ for extra holidays – it is what HITbills does. And there are 500+ millions households qualifying for reducing bills. Why money can be earned ? Moreover, HITbills gets commission for every switch – the money companies usually pay to their agents or for media advertising – and passes it to smartphone owner (holding %). So customer has double benefit – cheaper utilites + cashback. And, if you want to get some extra money, you can scan bills of your friends, neighbors, family– everyone saves, you earn. Millions of people use the homebills price comparison websites, but the process is too complicated for 60% of households. HITbills makes it simple - just scan bills with smartphone. How does it works ? Technically: the scanned bill goes through OCR , where anonymous usage data are being extracted: then supplier bid for the bill in real-time reverse auction: finally, the user gets savings . It consists of smartphone app + OCR system + comparison engine + affiliate network. All elements are popular, so this invention can be quickly launched to any market. Where it works ? Hitbills started in Poland; it looks for VC, price comparers, entrepreneurs and partners worldwide, especially in Europe and USA, where the deregulation of energy market is forced by law. The technology and business method is patented in Europe and USA. HITbills offers master license per country, promotion and shares for local-market partners.
HITbills
Series A in 2014
HITbills will save you more money than Uber or Airbnb Today @ TechCrunch London 20 Oct 2014 is the first public demo of HitBills Hitbills is not a typical startup – it focuses on boring topics, such as commodity prices. It is not entertainment or communication; it simply saves the money everyone pays monthly. Hitbills found an easy way to reduce costs – just scan your bills with smartphone, or simply tap “Yes”, geolocalization and automatic data gathering algorithm will find you better deals. HITbills conducts auction for commodity suppliers in your area (electricity, gas, phone, Internet, TV, bank services and loans refinancing) with one-tap switch if you decide. Why money can be saved ? The secret of business is that due to global deregulation, there are plenty of cheaper providers (or cheaper banks), offering exactly the same product with lower margin. We talk about really big money (according to Forbes’s list of Top 1000 companies by revenue, commodity sector is the top – because everybody pays bills – Google ranks at #63, Facebook at #101). Average savings per household are 10-40% (depending on localization) – multiply it by 12, and imagine that you got 1000$ for extra holidays – it is what HITbills does. And there are 500+ millions households qualifying for reducing bills. Why money can be earned ? Moreover, HITbills gets commission for every switch – the money companies usually pay to their agents or for media advertising – and passes it to smartphone owner (holding %). So customer has double benefit – cheaper utilites + cashback. And, if you want to get some extra money, you can scan bills of your friends, neighbors, family– everyone saves, you earn. Millions of people use the homebills price comparison websites, but the process is too complicated for 60% of households. HITbills makes it simple - just scan bills with smartphone. How does it works ? Technically: the scanned bill goes through OCR , where anonymous usage data are being extracted: then supplier bid for the bill in real-time reverse auction: finally, the user gets savings . It consists of smartphone app + OCR system + comparison engine + affiliate network. All elements are popular, so this invention can be quickly launched to any market. Where it works ? Hitbills started in Poland; it looks for VC, price comparers, entrepreneurs and partners worldwide, especially in Europe and USA, where the deregulation of energy market is forced by law. The technology and business method is patented in Europe and USA. HITbills offers master license per country, promotion and shares for local-market partners.
Netia
Venture Round in 2014
Netia is a provider of alternative fixed-line telecommunications services in Poland, offering a range of comprehensive communication solutions for private users, businesses, and institutions. The company specializes in fast, fixed internet access, advanced data transmission, voice transmission, and television services. Its diverse portfolio caters to various customer segments, including home users, small offices, and medium enterprises. With nearly 2,000 employees across 70 locations in the country, Netia operates under several subsidiaries, including Internetia and Telefonia Dialog. The company is committed to delivering user-friendly and innovative multimedia entertainment solutions that enhance connectivity and communication for its customers.
Focus Telecom Polska Sp. z o.o.
Series A in 2014
Focus Telecom („Focus”, „FT”) is the leading Polish CCaaS (Contact Center as a Service) multichannel-communication technology platform provider delivering to SME and corporate customers across multiple industries integrated software solutions aimed at sales support and customer service. • Since 2008, Focus has been specializing in designing, developing and providing clients with innovative contact center solutions boosting sales, improving customers services and supporting more efficient processes management in a SaaS model; • The Company’s proprietary, cloud-based contact center platform - Focus Contact Platform - is among the most popular of its kind in Poland, combining deep understanding of customer needs with cutting edge technology; • Focus offers multiple features and tools (robust base of 350+ functionalities) within one platform, easily customized to the needs of the client. All elements of the platform are unified and easy to integrate externally, with open API integration; • The implementation, use and management of the platform does not require additional investment in software, hardware, or expenses on developer and maintenance teams, platform managers, lowering the total ownership cost as well as increasing the security of the platform; • Focus’ solutions are hyper-scalable in terms of number of users and can be implemented to fit the needs of companies varying in size – from SMEs to large corporates. Roll-out can be performed with no geographical boundaries on implementation or service provision; • Thanks to its proven client acquisition model as well as effective and diversified composition of sales-lead generation (online channels, business partners, and direct sales) the Company is able to successfully increase scale and offer up-sell and cross-sell opportunities for existing clients;
HOJO Clean
Series A in 2014
Hojoclean.pl is a market-leading online marketplace of professional cleaning services. It is the first Online Cleaning Services Broker and Poland’s largest online platform connecting cleaning service providers with consumers and companies looking for professional cleaning services. It is also the largest free search engine for such services in the country. Hjooclean.pl users can contact affordable and reliable partners with a proven track record who offer top quality professional cleaning services.
Feedo
Series A in 2014
Feedo is an online marketplace specializing in baby and toddler care products, serving as a comprehensive shopping platform for parents in the Czech and Slovak markets. It offers a wide range of products, including diapers, baby food, children's furniture, toys, clothing, strollers, and child car seats. By providing a diverse selection of essential items for young children, Feedo simplifies the shopping experience, allowing parents to find everything they need for their babies in one convenient location. As a leader in the babycare sector within these regions, Feedo caters to the demands of modern families seeking quality products for their children.
mGenerator
Series A in 2014
mGenerator is a B2B platform focused on the automatic and semi-automatic creation of mobile business sites, e-commerce platforms, and applications, particularly those that support sales functions. As a pioneer in the field of automatic mobile site building in Poland, mGenerator aims to simplify the process of developing mobile sites, allowing businesses to do so quickly and efficiently without needing programming or graphic design expertise. The company's overarching goal is to establish itself as a leader in the European market for B2B platforms.
ANSWEAR.com
Series A in 2013
ANSWEAR.com is a prominent digital sales platform specializing in branded clothing, footwear, and accessories, primarily serving customers in Central and Eastern Europe. The company operates in several countries, including Poland, Czech Republic, Slovakia, Hungary, Romania, Bulgaria, and Ukraine. ANSWEAR.com offers a wide selection of over 200 fashion brands, and it provides free delivery within 24 hours, enhancing the shopping experience for its customers. The platform is designed to cater to the growing demand for online fashion retail in the region.
KupiVIP
Series E in 2012
KupiVIP is a prominent Russian online fashion retailer that specializes in offering discounted apparel and home goods from both high-street and luxury brands. Established in 2008 by Vladimir Kholyaznikov, Mikhail Konoplev, and Oskar Hartmann, the company has rapidly expanded its reach, amassing a customer base of 6 million. KupiVIP features up to 20 private flash sales each day, providing consumers with the opportunity to purchase fashionable clothing and accessories at reduced prices. By collaborating with various global brands, KupiVIP enables customers to conveniently access and buy branded items at affordable rates. The company is headquartered in Moscow, Russia.
Frisco.Pl
Series A in 2012
Frisco.pl is an online supermarket based in Poland that specializes in grocery shopping and home delivery services. The platform allows customers to purchase a wide range of fresh food and ingredients, which are delivered to their homes within a one-hour window. Frisco.pl offers a user-friendly online payment system, and customers benefit from free delivery on their orders. By leveraging e-commerce, the company effectively connects consumers with a diverse selection of food products through its online distribution channel.
Serwis Prawa
Series A in 2011
Serwis Prawa is a web-based platform established in 2006 and based in Wroclaw, Poland. It offers users access to solutions, advice, and insights on a variety of legal issues, including family matters, property, consumer rights, and business-related concerns. The platform serves the legal industry by providing a comprehensive database of articles and expert opinions on legal uncertainties. Users can connect with legal professionals who clarify complex legal topics and provide essential information regarding everyday legal needs. Serwis Prawa aims to simplify access to legal knowledge and support for those navigating various legal challenges.
Morele.net
Series A in 2011
Morele.net is one of the first internet shops in Poland strongly operating in electronic sector. By keeping few principles which were VIP customer service, easy and clear e-commerce website, customer friendly staff and service and consistent penetration of off-line shoping (in 2009 we manage to open 15 shops where customers can buy and receive product bought by internet in biggest cities in Poland) we assert explosive-dynamic growth - in years 2006-2009 it was 400% by year.
NetRetail Holding
Venture Round in 2010
The roots of Netretail Holding Group date back to the year 2000, when our first shop, www.bilezbozi.cz, was launched. It became a truly legendary shop with kitchen appliances in the Czech Republic, mainly for its unbiased customer service it offered. Shortly afterwards, we launched additional shops with other mass consumer items. We have ventured into DIY, petfood, sport and fashion. Our Czech venture has gained the status of the pure play market leader, a position that has continued to strengthened over time. We launched our shops in Slovakia and Hungary in 2005 and Poland in 2006 and Germany in 2007. We divested Germany in 2011, and refocused ourselves in CEE. We acquired a minority position in Slovenian market leader later in 2011 and we are actively looking for opportunities to grow our business both organically and through partnerships. Netretail Holding Group is now a part of Naspers (JSE: NPN), a global media company with notable investments in Internet companies worldwide.
Zlote Mysli
Series A in 2009
Pierwsze w Polsce wydawnictwo elektroniczne, którego misją jest pomaganie z sukcesem ludziom ambitnym, którzy chcą coś zmienić w swoim życiu. Znajdziesz tutaj takie tematy jak rozwój osobisty, motywacja, przedsiębiorczość, NLP i nie tylko...
Digital Avenue
Seed Round in 2007
Digital Avenue is a company that was one of the first to debut on the NewConnect market of the Warsaw Stock Exchange in August 2007. Is committed to developing and adding value to their businesses by providing content, services, entertainment and new solutions for portals thematically related to the broader lifestyle. Digital Avenue, publisher of the the largest Polish service to share photos - Fotosik.pl, Styl.fm - one of the leaders in the segment of services women's fashion and beauty and FashionStyle - Internet game designed for teens, groups together innovative projects Internet and mobile, around which are built virtual society. Portals belonging to the Group's focus over 2 million real users (Megapanel, September 2012) and the group is growing. The number of hits exceeds 40 million, while the number of registered users is over 1.2 million.
NexCom Bulgaria
Seed Round in 2007
Nexcom Bulgaria LLC is a leading operator on the Bulgarian telecommunications market which has a national network in 19 cities and 19 regional offices in the country. Currently Nexcom offers a full range of telecommunication services to business and residential customers – broadband internet, telephony, data transfer services, etc.
NOSTROMO ICT
Venture Round in 2006
Nostromo is a global company based in the Czech Republic. The company is active in the areas of: *Production and distribution of licensed and proprietary wireless entertainment mobile content for the B2b sector (including games, themes, images, videos, ringtones, Flash Lite products and others). *Representation of leading content providers and distribution of their products. *Mobile content related and software development related services.
Telematics Technologies
Venture Round in 2006
Telematics Technologies sp. z o.o., a Polish technology company formerly known as NaviExpert sp. z o.o. until December 2017, specializes in insurance telematics and navigation solutions for smartphones in Poland. The company offers a fleet management system called NaviExpert Telematics, catering to vehicles up to 3.5 tonnes. Since 2015, Telematics Technologies has collaborated with PZU Group, a prominent financial entity in Central and Eastern Europe, to introduce Usage-Based Insurance products and accident detection services like PZU GO. The company is widely recognized for its navigation application, NaviExpert, which is available under its own brand and in white label formats through various mobile network operators in Poland. Nearly 600,000 paying users utilize the application monthly, benefiting from real-time traffic updates and enhanced route efficiency. Telematics Technologies aims to enhance road safety by promoting better driving habits among users. Adam Bąkowski has served as the CEO since 2012, and the majority stake is held by Noble Fund Private Debt Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych, based in Warsaw.
Optizen labs
Venture Round in 2006
Optizen LABs formerly Telecom Media Sp. z o.o. is one of the leading companies operating in the Premium SMS and Mobile Entertainment sector in Poland. In June 2004 the Company managed to attract an investor: BB Capital fund, currently holding over 69% of its shares. At the same time Telecom Media has become one of the biggest distributors and manufacturers of multimedia content aimed at mobile phones in the market. In January 2006, within the framework of the second financing round, the company managed to attract another investor: MCI Management fund, which has subscribed for 25,07% of shares, enabling the company to strengthen its market position and invest in new products and distribution channels.
Comtica
Seed Round in 2005
Comtica, Ltd. provides information technology solutions, which integrate business processes and applications within the scope of corporate portals. It offers various services, including sales and marketing management systems, customer relations management systems, and content management systems. Comtica, Ltd. is based in Warsaw, Poland. As of May 15, 2007, Comtica Ltd. operates as a subsidiary of One-2-One S.A.
Hoopla.pl
Seed Round in 2005
Hoopla.pl S.A. offers online retail of electronic appliances in Poland.
Travelplanet
Venture Round in 2001
Travelplanet is a leading online travel agency based in Wroclaw, Poland, recognized for its commitment to customer satisfaction. It has been consistently ranked highly in tourism categories by various publications. The company offers a wide array of travel services, including tours, airline tickets, hotel reservations, travel insurance, and car rentals. Customers can purchase trips through multiple channels: online, via a call center, or at physical travel salons located in major Polish cities. Travelplanet prides itself on providing competitive pricing, ensuring customers pay the same price as the travel organizers without any additional commissions.
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