Funds supported by PFR Ventures will invest most of the capital in innovative companies from Poland. In total, over 700 million PLN may go to Polish enterprises.
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PFR Ventures has signed agreements with four Polish venture capital funds that invest in innovative companies in the country and the CEE region. These are Inovo VC, Market One Capital and SMOK Ventures. The fourth fund will be announced at a later date, but it is already known that the team will focus on financing companies in the growth equity phase from Poland and Europe and will be managed by a group of experienced managers. The target size of the fund will be similar to the size of the other Polish funds in the PFR VC Hub portfolio.
– As the Polish venture capital market develops, our offer is expanding. A few years ago, we made the decision to finance the best Polish teams also with PFR funds. We want managers to have access to capital that provides greater flexibility in terms of investment strategy – explains Paweł Borys, President of the Polish Development Fund.
Jakub Rusak
Funds supported by PFR Ventures will invest most of the capital in innovative Polish companies. In total, over 700 million zlotys may go to Vistula companies. At the same time, the area of interest of all funds also extends beyond our country. Inovo VC and SMOK Ventures funds plan to invest or have already invested in companies from Central and Eastern Europe, and Market One Capital - in start-ups from all over Europe, including France, Germany and the United Kingdom.
- We look at the development of the Polish venture capital market comprehensively. We are interested in increasing the number of funds and the interest of private investors in this asset class - adds Bartłomiej Samsonowicz, Investment Director at PFR Ventures.
- However, we primarily focus on indirectly providing capital for Polish innovative companies. We achieve this by building lasting relationships with the best management teams: local and international. We have been supporting the Polish teams we have recently invested in for many years. They have proven that they are worthy of our trust, they can identify entrepreneurs with the greatest potential, and then support them by providing real "smart money", sharing knowledge and a network of contacts, and also helping them to raise capital from international funds for development in the growth phase - Samsonowicz is convinced.
PFR Ventures programs are fueled by capital from EU funds or the own budget of the Polish Development Fund, complementing each other in the process. PFR VC Hub invests funds from the PFR budget in experienced venture capital funds that invest in Polish companies. In the coming years, PFR Ventures will provide capital for 40 VC funds, in which it will invest about 2 billion PLN. The funds come from the EU program European Funds for a Modern Economy.
Jakub Rusak
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