What Inovo.vc does

Inovo.vc is a Warsaw-headquartered, remote-first venture capital firm investing in pre-seed and seed startups from Central and Eastern Europe (18 countries) and the CEE diaspora globally. The firm operates three successive fund vintages — Fund I (€8m, 2014), Fund II (€54m, 2018) and Fund III (€107m, 2022) — and writes initial tickets of €0.5–4m with follow-ons up to €10m per company, plus €100–250k "discovery tickets." Investments span multiple verticals with documented specialisms in developer tools, AI/data science, healthcare, B2B2C and B2B enterprise, delivered through a sector-segmented deal team (Maciej Małysz on DevTools/AI, Karol Lasota on Data Science/Deeptech, Michał Rokosz on B2B2C/Healthcare, Dawid Sugier on Baltics/Marketplaces, Tomasz Swieboda on US-targeted B2B). The firm is incorporated as a Polish alternative investment company (ASI in S.K.A. form) and reports over €100m in active AUM with 75+ co-investor VCs and seven portfolio companies now valued above €100m (Preply, Booksy, Tidio, Spacelift, Infermedica, Eyerim, Allset).

The core "product" extends beyond capital into a portfolio-support stack: Inovo Talent Support (a full-time Head of Talent with a proprietary Talent Platform of A-players, executives, advisors and recruiters, credited with 100+ portfolio hires), the broader Portfolio Support function (scaling advice, US-market setup, advisor matching, software credit partnerships worth $100k+), and a curated co-investor network that has produced 200+ follow-on intros, 30+ tech-unicorn customer intros and $2M+ in attributed ARR. Public-facing assets — a transparent term sheet, the CEE METER round benchmarks, the Polish Funding Landscape map, the Reference Check Framework, and the State of DevTools in CEE 2025 report — function as content-led deal-flow funnels. Revenue mechanics follow the standard VC model: ~2% annual management fees on committed/invested AUM across three fund vintages, with carried interest on exits; LP base is described as Poland's most active investors with international expansion underway.

Name

Inovo.vc

Legal name

Inovo Spółka z ograniczoną odpowiedzialnością Venture Fund I Alternatywna Spółka Inwestycyjna Spółka komandytowo-akcyjna

Website

https://inovo.vc

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Inovo.vc is a Warsaw-based seed-stage venture capital firm investing across CEE and the CEE diaspora, currently deploying Fund III (€107m). It combines €0.5–4m tickets with a beyond-capital support stack — talent placement, unicorn customer intros, and a 75+ VC co-investor network.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)

akta.pro secondary industry

Geography-Focused Venture Capital (Regional/Emerging Markets) (FSANAAAE)

Keywords

• Venture capital investing
• Seed stage funding
• Startup portfolio support
• Talent recruitment services
• Co-investor syndication

Headquarters

HQ city

Warsaw

HQ country

Poland

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Fund Management Fees: Recurring management fees charged on assets under management across three active funds (Fund I vintage 2014 €8m, Fund II vintage 2018 €54m, Fund III vintage 2022 €107m). Standard VC fund management fee structure on committed/invested capital.
2. Carried Interest (Performance Fees): Performance-based carried interest on exits and liquidity events from portfolio companies. Fund targets ambitious founders aiming for $100M+ revenue companies with 100x return potential. Seven portfolio companies already valued above €100m.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Inovo.vc is a Warsaw-based seed-stage venture capital firm that invests €0.5m–€4m initial tickets (with up to €10m follow-ons) in Pre-Seed and Seed startups founded by Central and Eastern European entrepreneurs, including diaspora founders building globally. Beyond capital, the firm provides hands-on portfolio support services including recruitment and talent advisory via its Talent Platform, follow-on fundraising introductions, customer intros to tech unicorns, advisor matching, and software credit partnerships.

Product overview

Inovo.vc is a single-firm venture capital service, not a multi-product software platform: its core "product" is its actively investing Fund III (vintage 2022, €107m) — a Pre-Seed / Seed vehicle for CEE and CEE-diaspora founders — alongside two legacy funds (Fund II vintage 2018, €54m; Fund I vintage 2014, €8m). Wrapped around that core fund are three portfolio-support service modules: Inovo Talent Support (recruitment and people-ops for portfolio companies, run by Head of Talent Szymon Kubicki), the broader Inovo Portfolio Support (scaling advice, investor-selection guidance, US-market setup, partner intros), and the Inovo Co-investor Network (75+ VC relationships, US-market focus, 200+ follow-on intros). Public-facing resources — the Reference Check Framework, the published Term Sheet & Investment Agreement Templates, the Polish Funding Landscape map, CEE METER round benchmarks, and the State of DevTools in CEE 2025 report — function as adjunct "products" that funnel founders toward Fund III.

Differentiator

Problem solved

Functional benefit

Products and services

• Inovo Fund III Current active seed-stage venture capital fund (vintage 2022, €107m), targeting 25–30 portfolio companies across Central and Eastern Europe and CEE diaspora. Investment ticket €0.5m–€4m at Pre-Seed/Seed, with follow-ons up to €10m per company and €100–250k discovery tickets in special cases. Accepts equity rounds, SAFE notes, and convertibles.
• Inovo Fund II Previous-generation fund (vintage 2018, €54m) that backed 20 portfolio companies plus 5 scouting-stage bets. Now succeeded by Fund III.
• Inovo Fund I First-generation fund (vintage 2014, €8m) that backed 15 portfolio companies. Pre-dates current investing activity.
• Inovo Talent Support Recruitment and people-operations service for portfolio companies led by Head of Talent Szymon Kubicki. Delivered in three modes — hands-on executive/founding hiring execution, talent advisory (leadership coaching, performance management, org design), and a Talent Platform of A-players, angels, executives, freelancers, recruiting partners, and advisors. Free of cost to portfolio companies.
• Inovo Portfolio Support Operational support offering for portfolio founders covering scaling guidance, investor selection at next round, growth pacing, validation for next-round investors, US-market company setup, advisory-board building, and introductions to lawyers and accountants. Includes software-credits partnership programmes saving portfolio companies $100k+.
• Inovo Co-investor Network International co-investor network of 75+ VCs with a focus on US-market access. Over 70 international co-investors in portfolio rounds, with 200+ follow-on funding intros handled, 30+ tech-unicorn customer intros, and over $2M ARR in contracts generated from those introductions.
• Reference Check Framework by Inovo.vc Public reference-check methodology for portfolio founders' hiring processes, covering who to ask (prior manager, founder/exec, direct reports, stakeholders), how many references, and an 8-section question framework (role context, strengths, onboarding, development areas, work style, disagreements, culture fit, mitigating weaknesses).
• Inovo Term Sheet & Investment Agreement Templates Public, founder-facing term sheet and investment agreement templates published on Medium ("Inside Inovo"), made available to all startup founders regardless of investment status.

Quantifiable outcome

• 7 of Inovo's portfolio companies already have a valuation north of €100m
• +7 more outcomes

Named customers20 records

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Kauffman Fellowsminor affiliationOthersNetwork affiliation: Maciej Małysz admitted to Kauffman Fellows Class 26 — a global network of VCs with cumulative AUM over $850bn. Not a deal partnership but a strategic professional affiliation for sourcing and co-investor access.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Credo Ventures: Prague-based early-stage VC focused on CEE founders with comparable fund size (Credo III €150m+) and stage focus. Direct competitor for the same founder pool across Czech, Slovak, Ukrainian, and Baltic markets, with overlapping portfolio (co-invested in Kurs Orbital, Sunroof, Archbee).
• Market One Capital: CEE-focused early-stage VC (Poland/Ukraine/Croatia) with similar Pre-Seed/Seed ticket sizes. Direct peer in B2B SaaS and developer tooling; recurring co-investor in Pathway and Moregrowth, indicating same deal flow.
• Earlybird Venture Capital: Berlin-based European early-stage VC with active CEE presence. Closely comparable on stage (Seed/Series A) and pan-European scope; co-invested in Sintra.ai with Inovo and competes for the same CEE founder diaspora building globally.
• Day One Capital: Budapest-based CEE-focused early-stage VC with comparable fund size (€80-100m vehicles) and stage focus. Direct competitor for Hungarian, Slovak, Romanian, and broader CEE deal flow.
• LAUNCHub Ventures: Sofia-based early-stage VC focused on Southeastern Europe (Bulgaria, Romania, Serbia, North Macedonia, Greece). Co-invested with Inovo in Index Health and operates in overlapping CEE geographies with comparable Pre-Seed/Seed tickets.
• Hummingbird Ventures: Amsterdam/London-based early-stage VC with deep CEE and Turkey focus. Comparable seed-stage ticket sizes, overlapping portfolio (Sintra.ai, Booksy) and similar diaspora-founder thesis.
• Karma Ventures: Tallinn-based early-stage VC focused on CEE and the Baltics with comparable ticket sizes. Recurring co-investor with Inovo in Infermedica; direct competitor for the same Estonian/Latvian/Lithuanian founder pool.
• 10x Founders: Munich-based early-stage VC with strong DACH/CEE focus founded by serial entrepreneurs. Comparable ticket sizes and stage focus; recurring co-investor with Inovo in Nodeshift, Zowie, and Upacjenta.

Broad incumbents

• Speedinvest: Vienna-based pan-European early/growth-stage VC with €1B+ AUM and sector-specialist funds (Deep Tech, FinTech, SaaS). Co-invested in Packhelp; broader incumbent competing for CEE AI/SaaS deals with larger follow-on capacity.
• Point Nine Capital: Berlin-based B2B SaaS seed specialist with €300m+ AUM. Co-invested in Preply; competing investor for CEE B2B SaaS founders targeting Western markets with a more sector-concentrated thesis.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/i18s

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments93 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Inovo.vc