Polish VC market activity in 3Q19 summary
In the third quarter of 2019, VC funds made 26 investments on the Polish market, worth PLN 459 million in total. According to Invest Europe data, the value of transactions within this period only is higher than any other deal metric between 2010–2018. In total, VC funds has already invested over PLN 1 billion this year.
VC PFR funds have already signed agreements with start-ups for more than PLN 100 million
Venture Capital funds launched by PFR Ventures started to invest at the beginning of H2 2019 Until today, they have provided funding for 22 business entities with whom they have entered into investment agreements for 104 million. The target is to invest more than PLN 4 billion on the SME market by 2023.
VC Funds launched by PFR Ventures have invested the first PLN 40 million
PFR Ventures has already launched 29 venture capital funds. The company informed, during the impact’19 conference, that 5 of them have already made their first investments for the combined about of PLN 41.6 million 9 innovative companies have received financing offered by publicly financed funds
PFR NCBR CVC and PFR KOFFI invest in Cogito Capital
The Polish Development Fund and the National Centre for Research and Development have invested in the third fund within the framework of the PFR NCBR CVC Funds’ Fund managed by PFR Ventures provisioned by the National Centre for Research and Development (NCBR). The money will go to the management team of Cogito Capital Partners, in which PFR KOFFI - a programme focused on investments in international funds, invested previously.
PFR Starter: update of the Call No. 6 documentation [extended deadline]
We kindly invite you to learn more about the updated documentation regarding the Call No. 6 on the PFR Ventures website in the “PFR Starter FIZ” tab.
PFR Open Innovations: 6 VC funds with a total budget of approx. PLN 670 million were created under the programme
PFR Ventures has already allocated all resources available under the PFR Open Innovations programme.
The resources in the amount of PLN 390 million were used to create 6 Venture Capital funds with a total of PLN 670 million (when combined with private funds) at their disposal for investment in start-ups and investment management.