FENG

Open call for PFR Starter, Starter Science and PFR KOFFI. Submit your offer until 19.04.2026 (end of the day)

For Funds

Discover the programmes under which we invest in Venture Capital and Private Equity funds.

PFR Ventures has nine differentiated programmes on offer. Each stimulates a different market area and distinguishes itself by its investment strategy. For example: PFR Biznest involves business angels as co-investors, while PFR CVC requires corporations to be among the key investors in the fund. Visit the sub-pages of each programme to find out more about their specific objectives.

Active Programs

Baner PFR Starter
VC
Enrollment suspended

PFR Starter

Dedicated to management teams who desire to support innovative companies in early stage of growth.

Baner PFR Biznest
VC
Enrollment suspended

PFR Biznest

PFR Biznest is a programme established to boost activity of business angels in Poland and encourage them to invest in young, innovative companies

Baner PFR Otwarte Innowacje.
VC
Enrollment suspended

PFR Otwarte Innowacje

The programme is dedicated for teams eager to manage VC funds focused on investments in to SMEs working on research and development projects

Baner PFR Koffi.
VC
Active enrollment

PFR KOFFI

PFR KOFFI is dedicated to Venture Capital funds focused on investing in innovative companies in the growth or expansion stage.

CVC
Enrollment suspended

PFR CVC

PFR CVC is the first Polish fund of funds dedicated to corporations which wish to invest in innovations with the help of professional and independent management teams.

VC Growth
Ongoing enrollment

PFR VC

For experienced local and international teams whose strategy is to invest in Poland.

Baner PFR VC PE
PE
Ongoing enrollment

PFR Private Equity

PFR PE is the first program in Poland aimed to invest in Private Equity funds.

Archived funds

VC
Enrollment closed

Green Hub Summary

In the years 2021–2023, we allocated capital to six VC funds. PFR Green Hub FoF was part of the umbrella initiative  PFR Green Hub.

PFR KFK
VC
Enrollment closed

National Capital Fund (KFK)

The National Capital Fund is a fund of funds, which invested in Venture Capital funds actively between 2007 and 2017. Since the end of 2019, it has been operating as part of PFR Ventures. All the funds established as part of KFK are currently in the disinvestment phase.

Równość szans w programie FENG

Poradnik równość szans w FENG (5301.2kb, pdf)
Poradnik i załączniki - skompresowany (7062.2kb, zip)