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
PFR Starter
Dedicated to management teams who desire to support innovative companies in early stage of growth.
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
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
PFR KOFFI
PFR KOFFI is dedicated to Venture Capital funds focused on investing in innovative companies in the growth or expansion stage.
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.
PFR Green Hub FoF
PFR GreenHub FoF is a program for funds willing to invest in companies in the areas of: ecology, renewable energy and clean technologies. The fund of funds is part of the PFR GreenHub umbrella project.
PFR VC Hub
For experienced local and international teams whose strategy is to invest in Poland.
PFR Private Equity
PFR PE is the first program in Poland aimed to invest in Private Equity funds.
Archived funds
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.
Investments by PFR Ventures under the SGOP
PFR Ventures invested PLN 1.1 billion in VC funds between 2017 and 2023. These funds came from the Smart Growth Operational Programme (SGOP).