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7 largest funding rounds closed by Polish startups in 2020

AIN.TECH selected Poland-based startups that raised the largest investments in 2020.

Brainly, $80M

Edtech Brainly has raised $80 million in a Series D round, bringing its total funding up to $150 million. Previous investors Learn Capital, Prosus Ventures, Runa Capital, MantaRay and General Catalyst Partners participated in the round.

Founded in 2009 by CEO Michał Borkowski, Lukasz Haluch, and Tomasz Kraus, Brainly develops online education technology platforms for virtual learning, where students and their parents engage with each other, as well as with teachers and experts, for advice and help with homework questions. 

Cosmose, $15M

Warsaw-based martech Cosmose has raised $15 million in a Series A funding round, pushing its valuation to more than $100 million. It was led by Tiga Investments with participation from OTB Ventures, TDJ Pitango funds, as well as investors from India, Israel and Singapore.

Cosmose develops a data analytics platform that predicts consumers’ offline shopping behaviour. The company gathers anonymous mobile user IDs and precise geolocation data that shows customers’ real behaviour in stores.

Infermedica, $10.25M

Digital healthcare company Infermedica has received $10.25 million in a Series A funding round led by the European Bank for Reconstruction and Development and Heal Capital. Existing investors Karma Ventures, Inovo Venture Partners, and DreamIT Ventures also joined the round.

Founded in 2012, Infermedica develops machine learning and AI-tools for preliminary medical diagnosis and patient triage including Symptom Checker and COVID-19 Risk Assessment.

Symmetrical Labs, $6M

Fintech Symmetrical Labs has raised over $6 million from Global Founders Capital and Partech. Other investors in the round are Finch Capital, Market One Capital and Plug & Play.

Symmetrical Labs is an automated financial advisor that helps both employees to manage their finances and employers to reduce the level of employees’ stress. It offers several tools to deal with all these triggers: salary on demand, zero interest rate loans to employees and an automated financial trainer that will help to make the right financial decisions.

SMEO, $5.5M

Warsaw-based startup SMEO has raised more than $5.5 million additional investment from Dutch Finch Capital and Polish Precapital VC firms.

SMEO is an online invoice-finance factoring company. It is aimed to help small and medium-sized enterprises to manage their cash flow challenges by unlocking working capital through instant payments of their invoices.

edrone, $5.3M

Fintech edrone has raised $5.3 million – $2.5 million was received as a part of the pre-A Series investment round carried out by the Hungarian VC fund PortfoLion. The rest of the sum is a grant from the National Center for Research and Development.

edrone is the eCRM designed for e-commerce. The startup provides marketing automation solutions based on customer intelligence algorithms that are aimed to help to understand customers behaviour and engage them with all-in-one e-commerce marketing cloud. 

HomeDoctor, €3.7M

Healthtech company HomeDoctor has closed a €3.7 million Series A round led by Cogito Capital Partners.

Warsaw and Amsterdam-based startup HomeDoctor is a digital healthcare provider of online medical consultations and healthcare services to patients’ home that operates in B2B2C and B2C models. Since HomeDoctor has being founded in 2016, the number of doctors it cooperates with, increased to 350. 

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