Top 10 most funded Polish startups in 2019/2020

Investment Associate at the Polish venture capital firm Inovo Venture Partners Kacper Zambrzycki is his Medium blog has selected 10 most funded startups in Poland. AIN.TECH publishes the abridged version. 

  1. DocPlanner

Founded: 2011

Founders: Mariusz Gralewski, Lucjan Samulowski, Konrad Jarowski, Jacek Perkowski, Grzegorz Krysiak, Luca Puccioni

Total funding: $140.5M 

Largest round: $90M Series E in 2019

Investors: Target Global, Point Nine Capital, ENERN, One Peak Partners, Goldman Sachs, EBRD, FJ Labs, Piton Capital, RTAventures

DocPlanner is the world’s biggest healthcare booking platform, with millions of appointments booked each month in 10+ countries globally. The offering is based on two fundamental products: 

  • SaaS solution for healthcare professionals 
  • Consumer-facing booking marketplace and reviews site
  1. Brainly

Founded: 2009

Founders: Michał Borkowski, Lukasz Haluch, Tomasz Kraus

Total funding: $68.5M 

Largest round: $30M Series C in 2019

Investors: General Catalyst, Prosus & Naspers, Runa Capital, Point Nine Capital, Learn Capital, Manta Ray Ventures, Kulczyk Investments

Brainly has managed to build, most probably, the world’s largest peer-to-peer Q&A learning community, amassing over 200 million users. Currently based in New York, the company states around 10–15% of US students already use Brainly.

  1. Booksy

Founded: 2013

Founders: Stefan Batory, Konrad Howard

Total funding: $48.7M 

Largest single round: $28.5M Series B in 2019

Investors: Inovo Venture Partners, ENERN, OpeanOcean, Piton Capital, Industry Ventures, XG Ventures, Investible, Manta Ray, Muller Medien

As the story goes, Stefan Batory, an ultramarathoner, had tons of trouble to schedule an appointment with his physiotherapist via phone calls. Being a serial entrepreneur already, he decided to build an online booking platform himself. Fast-forward 7 years later, Booksy is among the very top global beauty&wellness marketplaces, powered by software for providers of such services. 

  1. Cosmose

Founded: 2014

Founders: Miron Mironiuk

Total funding: $27M 

Largest single round: $15M Series A in 2020

Investors: Tiga Investments, OTB Ventures, TDJ Pitango Ventures, Experior Venture Fund, Founders Factory

As the company states, Cosmose understands, predicts, and influences how 1 billion people shop offline. How does a company coming out of Poland reach 1B individuals? The answer is simple – Asia. Add data on more than 360k offline stores to that and you’ll land enterprise clients like i.a. LVMH, Walmart, L’Oreal, Marriott, or Samsung.

  1. Codility

Founded: 2009

Founders: Greg Jakacki, Tomasz Walen

Total funding: 22m USD

Largest single round: $22M Series A in 2020

Investors: Kennet Partners, Oxx

Codility, a recruitment platform for screening and testing tech candidates, has raised its first round after 11 years of operations. Still, to date, they served the likes of Microsoft, Amazon, PayPal, Slack, and many more.

  1. Infermedica

Founded: 2012

Founders: Piotr Orzechowski

Total funding: $15M 

Largest single round: $10.3M Series A in 2020

Investors: Inovo Venture Partners, Heal Capital, Karma Ventures, Innovation Nest, EBRD, Dreamit Ventures, Venture Inc, RTAventures

Your technology is outstanding when Microsoft selects it as the core of its own tool. Infermedica has built an AI-powered preliminary diagnosis and triage technology used by the premier global enterprises.

  1. Tylko

Founded: 2014

Founders: Benjamin Kuna, Hania Kokczynska, Jacek Majewski, Michal Piasecki, Mikolaj Molenda

Total funding: $12.8M

Largest single round: $8M Series B in 2019

Lead Investors: Paua Ventures, TDJ Pitango Ventures, Experior Venture Fund, G+J Digital Ventures, Daftcode

Tylko has already served 40k+ customers from all over Europe with a fairly narrow product catalogue – now it’s on the way to expand its offer and bring bespoke designer furniture to an even larger audience.

  1. Packhelp

Founded: 2015

Founders: Wojtek Sadowski, Maciej Zając, Konrad Kwiatkowski, Maciej Woźniczko, Patryk Kabaj, Arkadiusz Wasilonek

Total funding: $12.7M

Largest single round: $10M Series A in 2019

Investors: White Star Capital, Speedinvest, PROfounders, Market One Capital, Kogito Ventures, Movens Capital

E-commerce & D2C is massive and growing heavily, while the so-called “unboxing experience” has become an integral part of the customer journey. Packhelp enables it by offering personalized packaging in numerous shapes and sizes in quantities from 30 to 100 000+ in just a couple of days.

  1. Uncapped

Founded: 2019

Founders: Piotr Pisarz, Asher Ismail

Total funding: $11.1M

Largest single round: $11.1M Seed in 2019

Investors: Global Founders Capital, White Star Capital, Seedcamp

Despite being less than 2 years old, Uncapped, a revenue-based finance provider, which allows founders to raise capital without giving away shares, has already managed to be listed among the top Polish tech startups. 

  1. nomagic

Founded: 2017

Founders: Kacper Nowicki, Marek Cygan, Tristan d’Orgeval

Total funding: $8.6M 

Largest single round: $8.6M Seed in 2020

Investors: Khosla Ventures, DN Capital, Hoxton Ventures, Capnamic Ventures, Manta Ray Ventures

I’ve been to nomagic’s office and I have to admit it really is one of a kind. How many other HQs out there have automated robotic arms working in the background? The hardware is great, but the software behind it must be magic, as it helped raise probably the most impressive rounds in Poland – how often do you see Khosla and Hoxton financing a Seed deal in Europe?