PFR KOFFI FIZ is targeted for those Venture Capital Fund Managers whose strategy assumes investing in innovative SMEs at growth/development or expansion stage.

Financing is provided by VC Funds (“Financial Intermediaries”) which, thanks to their experience, competence and contacts of their management teams, provide their portfolio companies with the so-called smart money, thus considerably boosting their chance to succeed commercially on Polish and international markets.

Additionaly, it is the indirect objective of PFR KOFFI FIZ to develop the market of venture capital funds and to enhance the activity of private investors in the VC segment.

Financing Model

The maximum contribution of PFR KOFFI FIZ to a VC Fund cannot exeed 50%. The remaining contribution to the VC Fund must be ensured by other investors.

    Investment goals:

  • increased financing for innovative activity of SMEs

  • support for companies at the stage of growth, development / expansion

  • internationalisation of companies’ operation

  • development of venture capital funds, activation of private investors

Funds available

EUR 81 million (PLN 324 million)

Type of Fund

Fund of funds

Fund profile

Financing via financial intermediaries (VC funds) for innovative SMEs at the stage of growth / expansion, including related to non-technological innovations

Investment size

Average investment ticket of from PLN 1 to PLN 60 m (from EUR 0.25m to EUR 14m) max. 50% PFR KOFFI FIZ / min. 50% private investors

Investment period

Investments in VC funds 2017-2020

Investments in companies 2017-2023

Selection process

Open process of selecting investment companies, performed by PFR Ventures

Submit application