What Genprox does

Genprox is a Warsaw-based specialized accounting and advisory firm serving VC/PE funds operating as Alternative Investment Companies (ASI) in Poland. Founded in 2013 and operating as Genprox Sp. z o.o., the firm delivers comprehensive accounting, tax compliance, KNF regulatory reporting (XML via ESPI), financial and tax due diligence, business and startup valuations, and family foundation services. Genprox claims to service approximately 70% of assets under management across Polish VC funds — over 7 billion PLN — and has completed more than 150 due diligence and valuation projects. The team comprises qualified accountants, KNF-licensed Investment Advisors and Securities Brokers, Tax Advisors, FCCA and CFA charterholders, supported by partnerships with all leading Polish law firms active in AIF registration.

The firm's core technology asset is the Fundequate platform, a SaaS product for VC/PE fund management that provides structured investment monitoring for equity and debt instruments, financial and KPI reporting, investor onboarding, and a white-label panel for capital raising and distribution management. The technology stack includes Comarch ERP for accounting operations, plus OCR and electronic document management for workflow efficiency. Revenue is generated primarily through quote-based professional services engagements, supplemented by an emerging Fundequate subscription stream; pricing is not publicly disclosed and is tailored per engagement. Go-to-market is enterprise field sales targeting VC/PE fund managers, family foundations, and startups, supported by a content-driven blog and direct consultation booking.

The firm operates as a privately held partnership with no disclosed external institutional investors. Strategic positioning is reinforced by an individual VAT exemption ruling for AIF services, active participation in PSIK (the Polish PE/VC association), collaboration with PFR Ventures on regulatory standards, Luxembourg-Poland Chamber of Commerce membership supporting cross-border fund structuring, and partnerships with Akademia VC and major Polish law firms. Operating geographies include Poland as the primary market and Luxembourg for alternative fund structures.

Name

Genprox

Legal name

Genprox Spółka z ograniczoną odpowiedzialnością

Website

https://genprox.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Genprox is a Warsaw-based specialized accounting, tax, and advisory firm serving VC/PE funds operating as Alternative Investment Companies (ASI) in Poland, claiming 70% market share of VC fund AUM. It delivers KNF regulatory reporting, due diligence, valuations, and family foundation services alongside the Fundequate fund management SaaS platform.

Ownership category

akta.pro rank

Product category

VC/PE Fund Administration Services

NAICS

Other Scientific and Technical Consulting Services (54169)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Tax Operations Support (Indirect Tax, Withholding, Compliance Admin) (BPAAAGAI)

Keywords

• Venture capital fund accounting
• Alternative investment company services
• VC/PE fund administration
• KNF regulatory reporting
• Fund portfolio valuation

Headquarters

HQ city

Warsaw

HQ country

Poland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Accounting and Tax Services for ASI: Comprehensive accounting, tax, and reporting services for Alternative Investment Companies (VC/PE funds operating as ASI). This is the primary revenue stream, representing the core specialization of the firm. Services include bookkeeping, tax compliance, regulatory reporting to KNF, and financial statement preparation.
2. Due Diligence and Valuation Services: Financial and tax due diligence projects and asset valuations for VC funds. The firm completes dozens of such projects annually. Services include material review, detailed accounting analysis, tax analysis, profitability assessment, and financial model review.
3. Family Foundation Services: Accounting, tax, and reporting services for family foundations (fundusze rodzinne). Includes registration support and ongoing administration.
4. Fundequate Platform Subscription: SaaS platform for VC/PE fund management, investor onboarding, and regulatory reporting. Available as a separate product with demo scheduling and online access.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Genprox provides specialized accounting, tax, and regulatory reporting services for Polish VC/PE funds operating as Alternative Investment Companies (ASI), including KNF XML reporting (DATMAN/DATAIF), financial and tax due diligence, business and VC/PE portfolio valuations, AIF registration, family foundation accounting, and CFO/controlling services. The firm complements these professional services with the Fundequate proprietary platform for fund monitoring, KPI/financial reporting, white-label investor onboarding, and capital raising.

Product overview

Genprox is an accounting and advisory firm providing specialized services to VC/PE funds operating as Alternative Investment Companies (ASI), family foundations, and startups. The offering consists of a portfolio of professional services including AIF accounting (Księgowość ASI), financial and tax due diligence, business/startup valuation, VC/PE fund portfolio valuation, regulatory reporting to KNF (XML via ESPI), family foundation accounting, AIF registration, and controlling/CFO services. Additionally, Genprox offers the Fundequate platform as its core technology product — a fund management platform for VC/PE funds providing investment monitoring, financial and KPI reporting modules, investor onboarding, and white-label panels for capital raising.

Differentiator

Problem solved

Functional benefit

Products and services

• Fundequate Platform A SaaS fund management platform for VC/PE funds that provides structured monitoring of equity and debt investments, a comprehensive financial and KPI reporting module, and white-label panels for capital raising, modern investor onboarding, and distribution management. It is targeted at VC/PE fund managers as a digital complement to Genprox's accounting, tax, and reporting services.
• Księgowość ASI (AIF Accounting, Tax and Reporting) Specialized accounting, tax, and reporting services for Polish VC/PE funds operating as Alternative Investment Companies (ASI). Covers bookkeeping, tax compliance, and full regulatory reporting package for private, corporate, public, and traditional VC funds.
• Due Diligence finansowe i podatkowe (Financial and Tax Due Diligence) Financial and tax due diligence services for VC funds and strategic investors. Includes review of materials, detailed accounting analysis, detailed tax analysis, profitability assessment, and challenge of the target's financial model, culminating in an analytical report identifying risks.
• Wycena firmy / Wycena Startupu (Business and Startup Valuation) Comprehensive business and startup valuation services using DCF, comparable/multiples, and asset-based methods. Used for M&A transactions, fundraising, strategic management decisions, and VC investment decisions; delivered in collaboration with investment funds and law firms involved in M&A.
• Wycena portfela funduszu VC/PE (VC/PE Fund Portfolio Valuation) Valuation of investment portfolios of VC/PE funds, including equity instruments and debt instruments using the effective interest rate method and expected credit loss provisions. Supports periodic reporting of AIF asset values.
• Sprawozdawczość ASI do KNF (KNF XML Regulatory Reporting) Regulatory reporting service to the Polish Financial Supervision Authority (KNF) in XML format via the ESPI system, including preparation of DATMAN and DATAIF reports. Backed by an online interface for analytical data access, XML readers, batch file preparation, and financial statement import for balance sheet items.
• Księgowość fundacji rodzinnej (Family Foundation Accounting) Accounting and tax services for Polish family foundations (fundacje rodzinne), including bookkeeping, tax returns, and financial reporting to support intergenerational wealth and succession structures.
• Rejestracja ASI (AIF Registration) Advisory and support service for registering an Alternative Investment Company in Poland, including optimal structure selection and end-to-end support through the KNF registration process, delivered in collaboration with all leading law firms experienced in AIF registration.
• Controlling i CFO spółek (Controlling and CFO Services for Companies) Financial controlling and outsourced CFO services for portfolio companies, including management reporting and financial analysis, targeted at companies backed by Genprox's VC/PE fund clients.

Quantifiable outcome

• 70% market share of VC fund AUM in Poland
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• PFR VenturescoreStrategic or Co-development PartnerActive collaboration with PFR Ventures on public fund reporting standards. Genprox participated in developing favorable methodology changes for VC fund financial statement consolidation exemption. Collaboration has shaped market standards for AIF reporting.
• PSIK (Polskie Stowarzyszenie Inwestorów Kapitałowych)coreStrategic or Co-development PartnerIndustry association membership. Genprox actively contributes to market development through lobbying for favorable regulatory solutions and developing industry standards for AIF accounting and reporting.
• Leading Polish Law FirmscoreStrategic or Co-development PartnerCollaboration with all leading law firms experienced in AIF registration processes. Partnership for fund structuring, registration, and ongoing advisory services. Five years of joint work developing market standards.
• Luxembourg-Poland Chamber of CommercecoreStrategic or Co-development PartnerBilateral chamber membership facilitating cross-border fund structuring between Poland and Luxembourg. Supports setup and servicing of alternative funds in Luxembourg.
• Akademia VCminorGTM or Marketing PartnerPartnership with VC industry education platform. Positioning as thought leaders in the Polish VC/PE market through educational content and industry collaboration.
• Big4 Advisory Firms (Implied Collaboration)minorImplementation/ SI/ Consulting PartnerTeam members have experience from international advisory firms and collaborate with Big4 auditors on client engagements. Recruitment materials mention working with renowned institutions and Big4 auditors.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Carta: Fund administration and cap table platform that has expanded from private company equity management into PE/VC fund administration and LP management — directly comparable to Fundequate's white-label investor onboarding, capital operations, and reporting modules.
• Juniper Square: Vertical SaaS platform for private fund managers offering investor onboarding, capital account management, reporting, and CRM — overlaps with Genprox's Fundequate platform on white-label investor onboarding and KPI/reporting functionality for VC/PE funds.
• Citco Fund Services: Major independent fund administrator serving hedge funds, private equity, and real estate funds with NAV calculation, financial reporting, and regulatory compliance — competes for the same clients as Genprox on PE/VC fund administration.
• TMF Group: Global provider of fund administration, accounting, tax, and corporate secretarial services to alternative investment vehicles, with significant operations across Europe including Poland — overlapping with Genprox on fund accounting, tax compliance, and regulatory reporting for AIFs.
• IQ-EQ: Global fund administration and AIFM services firm with strong Luxembourg and CEE presence, providing accounting, reporting, and regulatory services to private equity, venture capital, and alternative investment funds — directly comparable to Genprox's core AIF/ASI administration offering.

Broad incumbents

• BDO: Top global accounting network with a dedicated private equity and alternative investments practice providing audit, tax, and accounting outsourcing to investment funds in Poland and across CEE — broad incumbent competing on the same AIF accounting and reporting mandates as Genprox.
• Mazars: Global mid-tier accounting and advisory network with a dedicated AIF/PE/VC practice offering audit, tax, accounting, and reporting services to investment funds — competes for the same VC/PE fund administration engagements, though as part of a broader portfolio of professional services.
• Baker Tilly: Global accounting and advisory network with a Polish member (Baker Tilly TPA) and an active private equity/fund services practice — competing with Genprox on fund accounting, valuation, and due diligence work for VC/PE clients in the Polish and broader CEE market.

Emerging players

• Allvue Systems: Investment software platform providing fund accounting, investor reporting, and portfolio monitoring for private equity, venture capital, and debt funds — overlapping with Fundequate on KPI reporting and capital operations, though geared toward larger fund managers.
• Altvia: PE/VC-focused CRM, investor portal, and fund administration software platform, comparable to Fundequate on investor onboarding, capital call/distribution workflows, and reporting for private fund managers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Genprox