Laven provides access to medical technologies, the use of which is associated with costs exceeding even one million zlotys. This is a novelty on the health insurance market in Poland. Thanks to the new financing, the company will increase the scale of its operations to gain over 100,000 insured annually in the coming years. The financing is organized by the 4growth VC fund. This investment round was also attended by several business angels related to the insurance industry.
The Polish med-tech Saventic Health has developed and tested in practice artificial intelligence algorithms that support physicians in diagnosing rare (hidden) diseases. The company has just raised US$ 2.2 million (PLN 10 million) for further development, including international expansion. The leader of this financing round is Warsaw based 4growth VC fund with NCBiR Investment Fund as the co-investor.
Co-Investments in Innovative Tech Projects in Finance and Insurance Sectors – the Main Goal of the New Partnership Between NIF and 4growth VC
Co-investments in innovative technological projects in the financial and insurance sectors are the main objective of the new collaboration initiated between NCBR Investment Fund ASI S.A. (NIF) and 4growth VC. The two parties have signed a partnership agreement and plan to pursue joint investments.
“We are continuously expanding our network of strategic Investment Partners to leverage shared experiences and reach new, promising and future-oriented areas of the economy. The partnership with 4growth VC opens excellent investment opportunities in the financial and insurance sectors, both of which hold tremendous potential for growth through new technologies and the digitalization of services,” said Krzysztof Szubert, CEO of NIF.
“The combination of private capital, represented by a fund like 4growth VC, and the resources of NCBR Investment Fund as a co-investor, will undoubtedly accelerate the development of many Polish startups. Diversifying funding sources increases our investment potential as a VC fund and thereby contributes to the further development of the fintech and insurtech sectors in Poland,” said Marcin Jaszczuk, Managing Partner at 4growth VC.
In the past year, NIF has signed numerous important agreements with both Polish and international Investment Partners, including: Enea Innowacje, BrigdeOne, PGE Ventures, Change Ventures, Aria, Vinci Capital, Fidiasz, EIT InnoEnergy, and Akesto Investment Holding. Now, 4growth VC joins this group. In the near future, NIF and its Investment Partners will focus primarily on joint investments in companies that are in the growth or expansion stage.
NIF is a co-investment venture capital fund established by the National Centre for Research and Development (NCBR). The fund specializes in investing in small and medium-sized enterprises (SMEs) that are in the growth or expansion phase and are commercializing the results of R&D&I activities. The fund’s investment budget is PLN 700 million. The value of a single investment from NIF ranges from PLN 3 million to PLN 64 million.
