Poland's venture capital landscape has seen significant growth in recent years, with Warsaw emerging as a hub for innovation and startup investments. The city hosts a dynamic mix of VC firms, each playing a pivotal role in supporting emerging businesses across various sectors, from fintech to deep tech. With investment strategies ranging from early-stage funding to scaling established businesses, these Warsaw-based firms have been integral to fueling the country's entrepreneurial ecosystem. Below is an overview of the most active venture capital firms based in Warsaw, including their leadership, investment activities, and notable portfolio companies driving innovation.

Aper Ventures

• 🏦 HQ: Warsaw, Poland

• 👨‍💻👩‍💻 Leadership: Jacek Błoński

• 🔢 Number of Investments: 10-50

• 💵 Average Investment Ticket: €1-€5M

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Inuru, Ap-Tech, MaasLoop

Expeditions Fund

• 🏦 HQ: Warsaw, Poland

• 👨‍💻👩‍💻 Leadership: Mikołaj Firlej, Stanisław Kastory

• 🔢 Number of Investments: 10-50

• 🎯 Target Stages: Pre-seed to Series A

• 💵 Average Investment Ticket: €250k-€2.5M

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Anagenex, ClauseMatch, Botguard

Flyer One Ventures

• 🏦 HQ: Warsaw, Poland

• 👨‍💻👩‍💻 Leadership: Vital Laptenok, Oleksii Yermolenko, Elena Mazhuha

• 🔢 Number of Investments: 50-100

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Vochi, FintechFarm, Liki27

Freya Capital

• 🏦 HQ: Warsaw, Poland

• 👨‍💻👩‍💻 Leadership: Zbigniew Barwicz, Jan Grochowicz, Michał Lewandowski

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Aidar, Staffly, RebelTang

Inovo VC

• 🏦 HQ: Warsaw, Poland

• 👨‍💻👩‍💻 Leadership: Tomasz Swieboda, Michał Rokosz, Maciej Małysz

• 🔢 Number of Investments: 10-50

• 💵 Average Investment Ticket: €0.5-€4M

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Splx.ai, Preply, Pythagora

JR Holding

• 🏦 HQ: Cracow, Poland

• 👨‍💻👩‍💻 Leadership: January Ciszewski

• 🔢 Number of Investments: 10-50

• 💰️ AUM: €57 million

• 👜 Notable Portfolio companies: Satrev, Igloo, Ekipa

Market One Capital

• 🏦 HQ: Warsaw, Poland

• 👨‍💻👩‍💻 Leadership: Marcin Zabielski, Marcin Kurek

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Sirius, Trever, Genially

Movens Capital

• 🏦 HQ: Warsaw, Poland

• 👨‍💻👩‍💻 Leadership: Artur Banach, Maciej Kraus

• 🔢 Number of Investments: 10-50

• 👜 Notable Portfolio companies: Packhelp, Vue Storefront, Doctor.One

OTB Ventures

• 🏦 HQ: Warsaw, Poland

• 👨‍💻👩‍💻 Leadership: Adam Niewiński, Marcin Hejka

• 🔢 Number of Investments: 10-50

• 💰️ AUM: $350 million

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Silent Eight, ICEYE, Hydrosat

RKKVC

• 🏦 HQ: Warsaw, Poland

• 👨‍💻👩‍💻 Leadership: Mateusz Bodio, Ewa Knyszewska

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: SpaceX, Move.ai, KarmaCheck

SmartLink Partners

• 🏦 HQ: Warsaw, Poland

• 👨‍💻👩‍💻 Leadership: Bartlomiej Kurylak, Pawel Szydlowski

• 🔢 Number of Investments: 1-10

• 👜 Notable Portfolio companies: Thorium, Doctor.one, Mindgram

SMOK Ventures

• 🏦 HQ: Warsaw, Poland

• 👨‍💻👩‍💻 Leadership: Diana Koziarska, Borys Musielak, Paul Bragiel

• 🔢 Number of Investments: 10-50

• 💰️ Number of Exits: 1-10

• 👜 Notable Portfolio companies: Workee, Masthead, Finmap

As Warsaw continues to thrive as a center for startup investment, the city's venture capital ecosystem stands as a testament to Poland's growing influence on the global innovation stage. The firms profiled here represent a diverse range of investment strategies, sectors, and successes, from early-stage investments to scaling high-growth companies. With a strong foundation in place and a robust pipeline of promising startups, Warsaw’s venture capital firms are well-positioned to foster further innovation and drive Poland’s future as a leading European tech hub.