Aligo Venture Capital is a venture capital firm based in Tczew, Poland, focused on funding early-stage and seed startups as well as growth capital. The firm targets sectors including health tech, cleantech, healthcare, biotechnology, chemistry, environmental protection, and information technology, and typically takes minority stakes in its portfolio companies.

Protos Venture Capital is a Warsaw-based venture capital firm founded in 2012 that invests in early-stage internet businesses in Poland, with a focus on SaaS and marketplace models, including mobile SaaS, lead-generation, and e-commerce sectors.

bValue is a Warsaw-based venture capital firm, founded in 2016, that invests in early-stage and growth-stage technology companies in Central and Eastern Europe. It backs tech-enabled businesses across sectors such as software and IT services, supporting portfolio companies with capital and strategic guidance to accelerate product development and regional and international growth within the CEE region.

European Investment Fund (EIF) is a public institution established in 1994 to improve access to finance for Europe's small and medium-sized businesses. It designs and develops venture capital and guarantee instruments to support SMEs and to catalyse private investment, aiming to build a robust European equity ecosystem. EIF engages in venture capital, growth capital, and guarantee operations, backing innovative entrepreneurs primarily in technology and life sciences, as well as across other sectors. Through cornerstone investments and fund participation, EIF seeks to crowd in private investors and stimulate venture activity across Europe. Its equity portfolio has grown substantially, with assets under management exceeding EUR 14 billion, reflecting its broad role in strengthening SME finance and supporting entrepreneurship and growth.

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.

SMOK Ventures is a Warsaw-based venture capital firm investing in early-stage technology companies in Poland and across Central and Eastern Europe. The firm targets sectors including gaming, augmented and virtual reality, artificial intelligence, software, marketing technology and fintech, and typically commits about 100,000 to 1,000,000 in per-company funding. The fund has a cross-border footprint between Poland and the United States and supports young companies as they scale within its target regions.

The EBRD is an international financial institution founded in 1990 and headquartered in London that provides project financing and advisory services to support private sector development and transformation in emerging markets. It finances banks, industries, and businesses, supports new ventures and investments in existing companies, and helps privatize and restructure municipal services in publicly owned entities. Through its banking and treasury activities, it offers loans, equity and quasi-equity investments, guarantees, and equity funds for smaller enterprises, along with trade finance and loan syndication. It works with commercial partners to invest in private enterprises across sectors including energy, manufacturing, ICT, infrastructure, agribusiness, and real estate, across Europe, the Middle East and beyond, including a significant footprint in Central and Eastern Europe, the Baltics, and the Caucasus. It provides policy reform dialogue and advisory services to support market modernization, governance, and reform. It has invested over €130 billion in more than 5,000 projects.

Manta Ray Ventures is a London-based early-stage venture capital firm that funds technology and healthcare companies across Poland, the United Kingdom, the United States, and Central and Eastern Europe. It backs mission-driven founders and provides flexible, patient capital, leveraging time, resources, and networks to support its portfolio.

Market One Capital is a Warsaw-based venture capital firm that backs early-stage European startups. Established in 2017, it focuses on pre-seed and seed rounds and targets platforms and software-enabled businesses that leverage network effects. The firm backs marketplaces, SaaS-enabled marketplaces, online communities, online protocols, and broader software sectors across Europe, including business-to-business and consumer-focused products and services. Its investments aim to support platforms of tomorrow that integrate multiple models—marketplaces, software, AI, fintech, logistics—into single solutions that deliver holistic value and enhance market efficiency. By concentrating on European network effects platforms and SaaS, Market One Capital seeks to partner with founders building scalable, multi-model platforms and infrastructure that connect users and creators across diverse markets.

SpeedUp Venture Capital Group is a Poland-based venture capital ecosystem founded in 2009 and headquartered in Poznan. It operates as a group of venture funds investing in early-stage enterprises in Central and Eastern Europe, with the aim of helping them scale to global markets. The firm targets innovations across consumer internet, fintech, martech, adtech, electromobility, Industry 4.0, medical tech, internet of things, machine learning, picture recognition, artificial intelligence, and hardware, and supports portfolio companies with a 3-8 year investment horizon. It seeks self-developed solutions and favors technologies that enable global expansion.

Sunfish Partners is a Berlin-based venture capital firm focused on early-stage, pre-seed and seed investments in deep-tech startups across Central and Eastern Europe, with a particular emphasis on Poland. The firm backs founders in sectors including space, defense, health tech, AI, and robotics, leveraging Western capital and networks alongside regional expertise. It operates from Berlin with an office in Warsaw, aiming to bridge Western resources with regional innovation.

EEC Ventures is a Warsaw-based venture capital firm established in 2012 that finances companies advancing digitalization in the energy, utilities, environment, and sustainable materials sectors across Central and Eastern Europe. It provides early-stage and growth capital to ventures in areas such as power engineering, Industry 4.0, Internet of Things, information and communications technology, cybersecurity, process efficiency, smart utilities, energy infrastructure, artificial intelligence, big data, circular economy, and material engineering. The firm aims to create value by supporting technologies and business models that reduce resource use, improve efficiency, and lower emissions, in line with trends toward resource optimization, infrastructure upgrades, and waste reduction. In addition to capital, EEC Ventures offers technology-oriented support, including IT solutions for AI, industrial cybersecurity, blockchain, and data management, to help portfolio companies scale. The company is headquartered in Poland.

Kogito Ventures is a Warsaw-based venture capital firm established in 2016 that funds technology-enabled companies in Poland, with a focus on business products and services, financial services, information technology, software as a service, B2B payments, e-commerce, big data, blockchain, Industry 4.0, cryptocurrency, the internet of things, mobile commerce, and related sectors. It pursues 50/50 syndicates with angel investors, with initial investment tickets from PLN 0.5 million to PLN 2 million and potential follow-on investments up to PLN 4 million. The firm participates in rounds ranging from Pre-Seed to Series A and collaborates with the Biznest program of the Polish Development Fund, which provides matched funding with co-investors. Through its fund activities, Kogito Ventures targets opportunities in Central and Eastern Europe, including fintech, e-commerce, SaaS, and other technology-driven business products and services.

Xevin Investments is a Warsaw-based venture capital firm established in 2008 that provides investment and advisory services to companies at various development stages, including early-stage and growth-stage opportunities, focusing on SaaS, EdTech, fintech, digital health, adtech, Internet of Things, and e-commerce. The firm seeks investments in these sectors to help companies reach milestones and enhance competitive advantage through capital and strategic guidance.

FundingBox Deep Tech Fund is a venture capital firm founded in 2020 and based in Warsaw, Poland, investing in early‑stage deep‑tech companies across Europe. It targets sectors including software, robotics, artificial intelligence, machine learning, big data, health tech, insurtech, fintech, edtech, cybersecurity, web3, and related technologies. The fund typically provides investments up to EUR 1 million and maintains a selective portfolio, aiming for a limited number of investments.

Black Pearls VC is an early-stage venture capital firm based in Gdańsk, Poland, focused on investing in Northern and Central European technology companies with defensible technology and potential to become market leaders. The firm operates across Europe, with emphasis on the Baltic Sea Region, and is sector agnostic but B2B oriented, backing investments in digital health, enterprise software, fintech, future of work, and deep tech. It often serves as an initial investor in portfolio companies, helping founders scale and achieve global reach. Black Pearls VC is recognized as the first Polish venture capital fund represented in the Kauffman Fellows network.

Warsaw Equity Group is an independent growth equity and venture capital firm based in Warsaw, Poland, focused on B2B technology and sustainability sectors in Poland and the broader Central and Eastern Europe region. Founded in 1993, it deploys capital typically in the €1–€10 million range to profitable or near-profitable companies with validated products and ambitious management. The firm targets innovative B2B solutions in High-Tech/Industry 4.0 areas such as AI, Big Data, IoT, additive manufacturing, system and process integration, cybersecurity, simulations, robotics, environmental technology, and software-enabled services, and it supports portfolio companies through its own capital, expertise, and network to accelerate growth and operational scale.

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.

AIP Seed is a Warsaw-based venture capital firm that backs early-stage technology companies, with a focus on founders from Poland and the Polish diaspora building technologies that can transform industries worldwide. The firm combines capital with strategic expertise through Competence Hubs offering support in AI technology, marketing, and finance. It draws on the twenty-year legacy of Dariusz Żuk in the Polish startup ecosystem to nurture early-stage companies into global successes. AIP Seed prioritizes quality over quantity and seeks founders who share a long-term vision and commitment to excellence. Investments typically begin with up to $250,000 in initial rounds, complemented by strategic guidance and partnerships to accelerate growth.

Pracuj Ventures is the corporate venture arm of Grupa Pracuj, based in Warsaw, Poland. It focuses on early-stage investments in human resources technology and educational technology startups, with activity in Poland and Ukraine. Established around 2018–2019, it backs seed and early-stage companies, typically investing from zł0.5 million to zł2 million, for a three-to-seven-year horizon, and often pursuing co-investments. It seeks governance involvement such as executive, non-executive, or observer board seats, aligning portfolio companies with Grupa Pracuj's HR and learning platforms.

YouNick Mint is a venture capital investment firm based in Suchy Las, Poland, focused on Europe and investing in early-stage companies in healthcare, information technology, and materials and resources, with emphasis on medtech, Industry 4.0, proptech, and enterprise software. The team collaborates with private co-investors and other partners, has backed approximately fifty portfolio companies, and records exits such as the sale of SmartPharma to a global pharmaceutical company.

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.

Tar Heel Capital Pathfinder is a Warsaw-based venture capital firm and venture builder founded in 2017 that invests in globally scalable technology businesses. Beyond funding, it provides startups with technological, business, and marketing expertise and a network of contacts to accelerate growth and gain a competitive edge. Notable exits include the sale of RemoteMyApp to Intel and the acquisition of Primetric by BigTime, illustrating the firm’s ability to scale technology ventures.

LT Capital is a seed-stage venture capital firm based in Krakow, Poland, focusing on Central and Eastern Europe with Poland as a main investment location. It targets information technology, artificial intelligence, big data, cybersecurity, robotics, drones, digitalization, augmented reality and virtual reality, and Industry 4.0 sectors. Typical investments are around 250,000 euros, with an aim to back about 40 companies across the region. The firm follows a founder-centric approach, aiming to support founders and act as a networked bridge to larger funds and clients worldwide, concentrating activity in Central and Eastern Europe, especially Poland.

Simpact Ventures is an impact-focused venture capital firm based in Poland that backs tech-driven startups with strong business potential and positive social or environmental impact. It seeks to combine profit with purpose by supporting founders building technology companies that aim to create meaningful change, including opportunities across Central and Eastern Europe.

Founded in 2021, WP2 Investments is a venture capital firm based in Bielany Wrocławskie, Poland. It focuses on investing in early-stage companies across various sectors including fintech, biotechnology, green energy, e-commerce, and digitalization.

Movens Capital is a Warsaw-based venture capital firm that focuses on seed and Series A rounds and often supports growth-stage opportunities. It targets AI-driven companies and sectors such as fintech, SaaS, platforms such as marketplaces, deep tech and industry 4.0, as well as adjacent areas like martech, e-commerce support, logistics, medtech, sport and wellness. The firm pursues European market opportunities and seeks to back founders aiming to scale, with a track record of minority investments and potential co-investments. While primarily active in Europe, it also considers companies positioned to expand into the United States. Typical ticket sizes range from early to mid-stage investments, aligning with minority stakes for high-growth tech ventures.

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.

Experior Venture Fund is a Warsaw-based venture capital firm that invests in early and growth-stage technology and software-enabled companies in Poland. It typically deploys between 0.5 million and 3 million euros per investment, sometimes taking majority or significant minority stakes, and supports portfolio companies with a combination of capital and operational know-how to accelerate value creation. The firm focuses on software, IT, enterprise software, and tech-enabled sectors such as healthcare, IoT, internet services, and mobile, often backing teams launching new products or expanding market reach within Poland. Founded in 2013, it concentrates on small and medium-sized enterprises aiming to scale growth through strategic resources and expertise.

OTB Ventures is a European venture capital firm founded in 2017 with offices in Amsterdam and Warsaw. It specializes in deep tech investments across Europe, targeting late seed to Series A/B rounds for startups developing technologies in SpaceTech, AI and data, Enterprise AI, Physical AI, Novel Computing, FinTech and Cybersecurity. The firm emphasizes access to Central and Eastern European deal flow and is described as the largest VC originating from the CEE, managing over $300 million in assets.

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.

mAccelerator.vc was a Warsaw-based venture capital investment firm backed by mBank, focused on technology and the digital economy with a preference for late seed and Series A rounds. It supported founders beyond capital, offering expertise in innovation, market intelligence, business development and marketing and brand building, and invested in areas such as B2B software-as-a-service, enterprise software, robotic process automation, cybersecurity and automation. The firm is reported to be out of business.

Czysta3.vc is a Poland-based venture capital investment firm focusing on early-stage technology startups in Central and Eastern Europe. It provides venture funding and helps portfolio companies with sales and marketing strategies, targeting information technology, big data, the Internet of Things, fintech, mobile, cloud, digital, and e-commerce, with typical investments around PLN 1 million per company. Headquartered in Sleza, Poland, the firm traces its roots to 2017 and operates across the region to support technology-driven growth.

Cogito Capital Partners is a venture and growth capital firm founded in 2018 that backs late-stage and growth-stage B2B technology companies. The firm focuses on enterprise software, fintech and insurtech, mobility, and medtech/diagnostics, including telemedicine and IoT, and seeks minority investments to help portfolio companies scale in Europe and the United States and beyond. It maintains a cross-continental footprint with offices in Warsaw and New York, as well as Luxembourg and Berlin, reflecting its European and North American reach.

Tangent Line Ventures is a Warsaw-based venture capital firm established in 2022 that funds and supports industrial technology startups. It focuses on sectors including Industry 4.0, life sciences, technical and environmental sciences, materials technologies, and information technology, providing capital alongside strategic partnerships to help portfolio companies scale.

NCBR Investment Fund is a growth capital firm based in Warsaw, Poland, that provides equity and co-investment support to small and medium-sized enterprises across Poland, with a focus on growth and expansion and the commercialization of research and development results. It operates under the National Center for Research and Development, an executive agency of the Ministry of Education and Science, enabling connections between public research and market-enabled innovation. The fund targets SMEs in growth phases and manages an investment budget of about PLN 700 million, with typical investments ranging from PLN 3 to 64 million.

Freya Capital is a venture capital firm based in Warsaw, Poland, funding startups from seed through later stages across Europe, North America, and Asia, with sector interests in energy equipment and services, information technology, healthcare, and business products and services, and typically investing up to EUR 1 million to support high-growth companies with international scaling ambitions.

New Europe Ventures is a boutique venture capital firm founded in 2007 that concentrates on early-stage technology companies in Eastern Europe, including Poland. The firm targets sectors such as high technology, telecommunications, mobile services, internet and media, technology-based B2B services, medical devices, and nanotechnology. Profiles describe the firm as US-based or New York–based, reflecting cross-border activity, with a focus on seed and early-stage investments in the region.

Corvus Ventures is a Warsaw-based venture capital firm that makes early-stage investments across Central and Eastern Europe in internet, mobile and information technology companies, with a focus on SaaS and marketplace models, including XaaS, supporting ventures primarily in Poland and the wider region.

Founded in 2015, ValueTech Seed is an early-stage venture capital fund based in Warsaw, Poland. It focuses on investing in innovative technologies with deployment potential within the next 2-5 years, particularly in Industry 4.0, renewables, cleantech, energy storage, smart grid and home, AI/IoT applications.

CofounderZone is a Warsaw-based venture activity platform and ecosystem that connects startups with business angels and supports co-investment in early-stage and growth companies. It emphasizes people, bringing together startup founders, experienced entrepreneurs who have become angel investors, and other stakeholders to facilitate exchange of experience, networks, and capital. The organization operates in Poland's startup scene as an intermediary that helps founders access resources, mentorship, and funding to scale.

CD Projekt is a Warsaw-based developer and publisher of computer and video games. It operates as the holding company for the CD Projekt capital group and owns development studios such as CD Projekt Red and the digital distribution platform GOG.com. The company develops and publishes AAA titles across multiple platforms including PC and consoles, distributing games on Steam, PlayStation Store, Xbox Games Store, Nintendo stores, App Store, and through GOG.com. It is known for the award-winning Witcher series and Cyberpunk 2077, and focuses on creating immersive stories with high attention to detail. The majority of revenue is derived from CD Projekt Red’s game franchises, with additional income from digital distribution via GOG.com and other platforms.

Skyline Investment is a Warsaw-based private equity firm and investment boutique that makes private equity and venture capital investments and provides financial consulting services. Founded in 1997, the firm focuses on opportunities across multiple sectors, including advisory, clothing, construction, real estate development, financial services, food, industrial production, information technology, medical, servicing, and steel. It operates in the Polish market, offering capital deployment and strategic advisory to portfolio companies and potential investments, aiming to support growth and value creation through targeted funding and financial guidance.

Data Ventures is a venture capital firm based in Warsaw, Poland, that focuses on bridging the gap between Central and Eastern Europe and global startup ecosystems. Founded in April 2017 by Piotr Smolen, the firm emphasizes investments in data analytics technologies for B2B applications. It targets projects that aim to automate processes, eliminate intermediaries, and reduce information asymmetry in various markets, thereby enhancing efficiency. The firm has a particular interest in sectors such as fintech, development tools, software as a service (SaaS), artificial intelligence, blockchain, and big data. Data Ventures is dedicated to empowering technology entrepreneurs by fostering a better understanding of data and its applications.

HardGamma Ventures is a venture capital firm based in Warsaw, Poland, that provides early-stage funding and strategic support to technology startups. The firm focuses on startups in Poland and Central and Eastern Europe, with investments extending to the United Kingdom and the United States, and targets projects in computing, internet, mobile technologies, biotechnology, and related physicochemical fields. HardGamma Ventures aims to back teams with global potential by offering financing plus guidance on business planning, marketing, and product positioning. The company maintains active engagement with international accelerators and incubators, fostering connections with peers and programs to broaden investment opportunities and portfolio support.

Pomerangels is a venture capital firm based in Szczecin, Poland, established in 2018. It allocates capital to high-potential startups across information and communications technology, autonomous technologies, electronics, new materials, biotechnology, and innovative service delivery models. The firm operates as a co-investment partner, investing alongside business angels and syndicates to back ventures with strong commercial potential. By combining institutional resources with private investor networks, Pomerangels supports growth-oriented companies at various stages, focusing on markets where technology-enabled differentiation and scalable business models can drive long-term value.

Nunatak Capital is a Warsaw-based venture capital firm that invests in data science and technology companies across Europe, with a particular emphasis on Central and Eastern Europe.

VIGO Ventures is a Warsaw-based venture capital firm founded in 2017 that provides investment across seed, early, and later stages to technology-driven companies. The firm focuses on photonics and its applications across industries, and also backs ventures in information technology, 3D printing, advanced manufacturing, business products and services, artificial intelligence, and machine learning. It supports research and development led ventures from development to commercialization and aims to help portfolio companies scale globally through long-term strategic and operational guidance, including potential follow-on financing within an active ecosystem of partners.

Life Science Innovations Fund is a Poland-based venture capital firm established in 2014 in Bialystok. It focuses on early-stage investments in life sciences, healthcare, biotech, medtech, and related areas such as climate tech and environmental protection. The firm primarily supports pre-seed and seed startups, helping innovators bring medical technologies and health solutions to market.

Joint Polish Investment Fund is a Warsaw-based venture capital firm focused on life sciences and healthcare technologies across Europe, the United States, and Asia. Founded in 2015, it targets early and mid-stage companies in Central and Eastern Europe, with a particular focus on Poland, and invests in medical technology, mobile and personalized health, diagnostics, and drug development. The firm supports incubation and growth-stage companies, leveraging an interdisciplinary team of scientists, clinicians and business professionals to accelerate preclinical, clinical or commercial development and market entry. The management team has a track record in sourcing, structuring and scaling ventures from seed to revenue-generating stages, aiming to build a high-return portfolio and connect portfolio companies to global scientific and commercial networks.