Inovo VC launches new €100M third fund

The Warsaw-based investor company Inovo Venture Partners has launched a third fund with €100 million in assets. The fund is aimed at supporting CEE-based tech companies with global potential, Silicon Canals writes.

  • Founded in 2012 by Tomasz Swieboda, Inovo is a firm that backs early-stage and post-traction startups. The firm invests between €500,000 – €3 million in startups from Poland and the CEE region. It specializes in the fields of venture capital, corporate finance, innovations, SaaS, and marketplaces.
  • Inovo asserts to be the first Polish venture capital company to launch its third fund, following the success of the prior two ventures. In total, Inovo VC’s first two funds have backed over €45 million in more than 30 companies.

“We see an increasing interest of international investors in companies founded in the CEE countries. Two third of our portfolio companies managed to raise follow-on rounds with top-tier international VCs. We want to strengthen the links between the CEE region and the global VC ecosystem even more,”

Maciej Małysz, Partner at Inovo VC, talks about the fund.
  • Inovo has already made six investments only in the first half of 2022. The list includes the $5 million pre-seed funding for More Growth, as well as the $14 million Series A for Zowie, and the $25 million Series B for Tidio.
  • With this third fund, Inovo VC aims to locate and support “outstanding” CEE founders during pre-Seed to Series B rounds. It also plans to back between 20 to 30 startups with a single investment ticket ranging from €500,000 and up to €4 million.

Also, Inovo VC is currently hiring an Investment Associate and a Marketing Manager.