Finance Investors
17:00 31 January 2021
Post by: WBJ

VC funds investing more and more boldly in Poland

VC funds investing more and more boldly in Poland
Source: Photo by Austin Distel on Unsplash

Generally, venture capital is doing better in Poland. In 2020, VC funds invested over PLN 2.1 billion in Polish companies. This is a record result – by as much as 70 percent better compared to 2019, according to the data contained in the report of PFR Ventures and Inovo Venture Partners. Such a large increase year on year was mainly due to large rounds of financing very dynamically developing startups: ICEYE (the largest round last year worth PLN 331 million), Brainly (PLN 302 million), and Booksy (PLN 266 million).

In total, the five largest rounds of financing accounted for slightly more than half of the total amount of funds obtained by companies from VC funds in 2020. In the last quarter of last year, the average value of VC transactions in Poland amounted to PLN 4.3 million, and the median – approx. PLN 1 million.

Domestic investors are still the most important in the Polish market – they are responsible for a 52 percent share in the total value of all transactions on the market in 2020.

It is worth noting, however, that compared to last year, this share fell by 6 percentage points. Polish venture capital funds are also changing their geographic profile of selecting companies in which they invest.

In 2019, they engaged their funds only in 11 foreign projects. Last year, there were 29 such investments. The total value of funds invested in foreign companies by Polish funds increased, in turn, from PLN 84.5 million to PLN 101.5 million.

(300gospodarka)

iceye
inovo venture partners
venture capital
brainly
pfr ventures
booksy

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