Inovo Venture Partners, a Polish venture capital firm focused on Central and Eastern Europe investments, raised €40m for its second fund.
Backers included the European Investment Fund (€15M), among others.
Led by Partners Tomasz Swieboda and Maciej Małysz, Inovo Venture Partners specializes in identifying disruptive tech startups and bootstrapping their development through participation in late seed and Series A rounds.
The new fund will see six deals tied up in 2020, with a total of 20 companies on course to secure investment over the next three years including Tidio, Infermedica, and Eyerim.
This year, the fund completed its first investment into Allset’s round B together with the likes of EBRD and Andreessen Horowitz.
Inovo’s first fund supported companies such as Booksy and Restaumatic, as well as Brand24 and ECC Games, who are listed on the Warsaw Stock Exchange. In total, 15 companies were beneficiaries of its maiden fund, of whom five have since been sold profitably, two have IPO’d, and three remain active.
FinSMEs
23/04/2020