PFR Ventures has already signed 21 investment agreements as part of which Venture Capital funds will invest over PLN one billion in Polish innovations. Consequently, PFR Ventures has allocated approximately 40% of the available means.
PFR Ventures, as part of its five programmes, has already entered into 21 investment agreements with Venture Capital funds. Out of the PLN 2.5 billion which is at the company’s disposal as part of the Smart Development Operational Programme 2014-2020 one billion has already been allocated. Furthermore, funds of private investors, business angels, and corporations will be made available, contributing an additional amount of PLN 0.5 billion to investments.
"Capital instruments is one of the key tools that supports companies in Smart Growth Programme. Thanks to EU funds, more than PLN 2.5 billion will be allocated to the most innovative ones" says Minister of Investments and Development Jerzy Kwieciński.
"PFR Ventures has entered a fast track – in over four months we have trebled the number of investment agreements with funds. It means that those funds will soon actively invest in the most innovative projects. We hope a Polish unicorn will be among them,” says Paweł Borys, the president of Polski Fundusz Rozwoju.
8 out of the 21 PFR Ventures funds have already met all the formal requirements imposed on them by the Office for Competition and Consumer Protection (UOKiK), and, consequently, have been entered as ASI (Alternative Investment Companies). It allows them to begin investment processes. The remaining funds have yet to complete the registration process.
“From June to November this year, we have managed to treble the number of our Venture Capital Funds. We have set up in total 21 professional, independent teams which will soon start the investment process. The capitalisation of all our funds has already exceeded PLN 1.5 billion. Consequently, PFR Ventures has allocates as much as 40% of its funds,” says Maciej Ćwikiewicz, the president of PFR Ventures.
Among the 21 PFR Ventures funds, there are:
PFR Starter: ArkleyBrinc, EEC Magenta Starter, Ventures For Earth, Tar Heel Capital Pathfinder, KnowledgeHub, Xevin VC, bValue, Biomed Innovations
PFR Biznest: Next Road Ventures, Pomerangels, Cofounder Zone, Black Swan, Kogito Ventures, SILBA
PFR Otwarte Innowacje: APER Ventures, Montis Capital
PFR KOFFI: Finch Capital, Cogito Capital Partners, Innovation Nest
PFR NCBR CVC: SpeedUp Energy Innovation, EEC Magneta CVC
The industries in which VC Funds want to invest include in particular: medicine, internet of things, and fintech. Among the teams, there are six international ones - these are investors who have noticed the potential to invest in Poland.
A detailed infographic describing individual funds: https://bit.ly/2JP1VnO
An animation presenting the allocation of the PFR Ventures funds in 5 programmes: https://bit.ly/2qy9hTH