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4growth VC to Invest PLN 86.8M in Growth-Stage Startups


12 December 2024

4growth VC, a venture capital fund specializing in high-potential, globally scalable startups, announces the launch of a new fund with a total capitalization of PLN 86.8M. The fund will support fast-growing technology companies in FinTech, InsurTech, and MedTech, as well as other sectors with significant growth potential.

The fund was established as part of the European Funds for a Modern Economy (FENG) program, under which PFR Ventures has signed agreements with five VC fund management teams. The newly formed funds will manage over PLN 400M, with PLN 51.3M allocated to 4growth VC from PFR Ventures.

Krzysztof Bachta, Managing Partner at 4growth VC, emphasized the importance of the new fund in the startup ecosystem:
“Thanks to our partnership with PFR Ventures, we can further strengthen our support for startups with a ready-to-market product, scalable business models, and genuine international potential. Our goal is not just to provide capital but to be actively engaged in their development, helping them build strong foundations and scale on global markets.”

Investment Strategy: PLN 4–12M for High-Growth Startups

The new 4growth VC fund will focus on growth-stage startups that meet the following criteria:

✅ A ready-to-market product – sold in its target or near-target business model,
✅ Recurring revenues – at least PLN 100K in monthly revenues,
✅ Breakthrough innovation – at least 10 times better than existing market solutions,
✅ International scalability – the ability to expand into foreign markets.

Investment tickets will range from PLN 4M to PLN 12M per company.

Tomasz Biłous, Managing Partner at 4growth VC, highlighted the fund’s evolution:
“We built 4growth VC based on our extensive experience in the financial, investment, and strategic consulting sectors. We initially focused on fintech and insurtech, but quickly expanded into medtech, leading to investments in companies like Saventic Health, FindAir, and Talkie.ai. Today, in addition to these three key sectors, we remain open to other high-growth startups with strong potential.”

Expanding and Scaling the Portfolio

The new 4growth VC fund builds upon the success of its previous investment vehicle, which deployed PLN 66.5M across 9 startups, including Cashy, Digital First AI, FindAir, Laven, Oxla, Plenti, Saventic Health, Talkie.ai, and Wealthon.

Marcin Jaszczuk, Managing Partner at 4growth VC, emphasized the fund’s hands-on approach:
“Capital is just one of the elements we bring to startups. We work closely with founders at every stage—from team building and organizational scaling to strategic planning and international expansion. For us, it’s essential that startups have not only a great product but also a strong, ambitious team and a clear growth strategy.”

Partnership with PFR Ventures and the Polish VC Ecosystem

4growth VC aligns its investment strategy with PFR KOFFI, focusing on growth-stage companies. The fund is part of a broader PFR Ventures initiative, which will allocate resources to approximately 40 venture capital funds, mobilizing a total of PLN 3.2B in public and private capital.

“We are excited to be part of this initiative, which not only strengthens the Polish VC market but also activates private and institutional investors. Our mission is to support the most promising Polish startups and help them build globally competitive businesses,” added Krzysztof Bachta.

Future Outlook: International Expansion and Scaling Investments

The new fund will enable 4growth VC to execute around 10 new investments in startups that meet the fund’s criteria. The firm also plans to actively collaborate with international investors and VC funds to accelerate the global expansion of its portfolio companies.

With this new fund, 4growth VC strengthens its position as one of Poland’s leading venture capital investors, backed by private capital and focused on startups ready to scale and conquer global markets.

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