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Inovo VC

Europe, Mazowieckie, Poland, Warsaw

Description

Inovo VC is a leading venture capital firm based in Warsaw, Poland, with a strong focus on early-stage, post-traction technology startups across Poland and the broader Central & Eastern European (CEE) region. The firm distinguishes itself by seeking out companies that demonstrate significant growth potential, often aiming for a 100x return on investment. Their investment philosophy centers on identifying robust teams and scalable business models that have already achieved initial market validation and traction, positioning them for rapid expansion.

The firm typically participates in Seed and Series A funding rounds, providing crucial capital and strategic support to promising ventures. Inovo VC's initial cheque sizes are substantial, ranging from $0.5 million to $4 million, designed to fuel the early growth phases of their portfolio companies. Beyond the initial investment, Inovo VC is committed to supporting its startups through subsequent rounds, with the capacity to invest up to $10 million throughout a company's lifecycle, demonstrating a long-term partnership approach.

A significant milestone for Inovo VC was the recent closing of its third fund, which secured $100 million. This achievement not only solidifies their position as a major player in the CEE venture capital landscape but also marks it as one of the largest funds dedicated to early-stage tech investments in the region. Their impressive portfolio includes well-known names such as Booksy, a global leader in beauty and wellness scheduling software; Packhelp, a custom packaging provider; and Spacelift, a sophisticated infrastructure-as-code platform. These investments highlight Inovo VC's ability to identify and nurture companies that go on to achieve significant market presence and success, contributing to the vibrant tech ecosystem in CEE.

Investor Profile

Inovo VC has backed more than 66 startups, with 10 new investments in the last 12 months alone. The firm has led 31 rounds, about 47% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Pre Seed, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Poland, United Kingdom.
  • Strong thematic focus on Software, Artificial Intelligence (AI), SaaS.
  • Led 6 rounds in the past year.
  • Typical check size: $500K – $4M.

Stage Focus

  • Seed (47%)
  • Pre Seed (24%)
  • Series A (14%)
  • Series B (8%)
  • Series Unknown (6%)
  • Convertible Note (2%)

Country Focus

  • United States (44%)
  • Poland (33%)
  • United Kingdom (6%)
  • Sweden (3%)
  • France (2%)
  • Denmark (2%)
  • Italy (2%)
  • Ukraine (2%)
  • Country not foundSlovakia (Slovak Republic) (2%)
  • Lithuania (2%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • Saas
  • Information Technology
  • Health Care
  • Wellness
  • Apps
  • B2b
  • Machine Learning
  • Mobile Apps
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Inovo VC frequently co-invest with?

Karma Ventures
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 3
Hoxton Ventures
Europe, England, United Kingdom, London
Co-Investments: 4
Elysium Venture Capital
North America, California, United States, Palo Alto
Co-Investments: 2
EV
Europe, England, United Kingdom, London
Co-Investments: 4
KAYA
Europe, Hlavni mesto Praha, Czech Republic, Prague
Co-Investments: 3
Müller Medien
Europe, Bayern, Germany, Nuremberg
Co-Investments: 3
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 2
Market One Capital
Europe, Luxembourg, Luxembourg, Luxembourg
Co-Investments: 6
Credo Ventures
Europe, Hlavni mesto Praha, Czech Republic, Prague
Co-Investments: 4
10x Founders
Europe, Bayern, Germany, Munich
Co-Investments: 3

Which angels does Inovo VC often collaborate with?

MZ
Europe, Mazowieckie, Poland, Warsaw
Shared Deals: 2
RS
North America, California, United States, Menlo Park
Shared Deals: 1
DL
Europe, Vaud, Switzerland, Vevey
Shared Deals: 1
Shared Deals: 1
KH
Europe, Mazowieckie, Poland, Warsaw
Shared Deals: 1
AM
North America, New York, United States, New York
Shared Deals: 1
BL
North America, California, United States, San Francisco
Shared Deals: 2
MD
Europe, Hessen, Germany, Frankfurt
Shared Deals: 1
DS
Europe, Grad Zagreb, Croatia, Zagreb
Shared Deals: 1
JA
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Inovo VC?

Spacelift

Redwood City, California, United States

Spacelift is an infrastructure orchestration platform that manages provisioning, configuration, and governance workflows.

Cloud Data ServicesInformation TechnologySaaSSoftware
Series CJul 10, 2025
Amount Raised: $51,000,000
mysite.ai

San Francisco, California, United States

Let an AI Employee lead your business online presence

Artificial Intelligence (AI)
Pre SeedJun 17, 2025
Amount Raised: $2,429,175
sintra.ai

Vilnius, Vilniaus Apskritis, Lithuania

Sintra builds AI helpers for small businesses.

Artificial Intelligence (AI)Information TechnologyProductivity ToolsSaaS
SeedJun 10, 2025
Amount Raised: $16,979,999
Prepia

Dover, Delaware, United States

Prepia platform helps students study smarter with personalized quizzes, expert-designed content, and intuitive tools.

E-LearningEdTechEducation
SeedJun 3, 2025
Amount Raised: $1,714,141

Banani is an AI product designer. It designs for people with no design skills or teams without designers.

Generative AIProduct DesignSoftware
Pre SeedMay 19, 2025
Amount Raised: $956,450
Ingenix

Warsaw, Mazowieckie, Poland

Ingenix is building an AI Co-pilot for generating real-time hypotheses on clinical endpoints values and adverse events.

SeedApr 8, 2025
Amount Raised: $9,866,257
SplxAI

New York, New York, United States

SplxAI provides automated pentesting solutions for securing Conversational AI applications.

Artificial Intelligence (AI)Generative AISaaSSecurity
SeedMar 26, 2025
Amount Raised: $7,000,000
Jutro Medical

Warsaw, Mazowieckie, Poland

Jutro Medical offers a combination of online and offline primary care pairing mobile-first telemedicine with a physical clinic.

Health CareMedicalPrimary and Urgent CareWellness
Series AMar 19, 2025
Amount Raised: $13,064,211
Yope

Middletown, Delaware, United States

Yope app is the social "Google Photos" for Gen Z, designed for sharing and chatting, not just storage.

Information TechnologyMobile AppsSocial MediaSoftwareVideo Chat
SeedFeb 24, 2025
Amount Raised: $4,650,000
SplxAI

New York, New York, United States

SplxAI provides automated pentesting solutions for securing Conversational AI applications.

Artificial Intelligence (AI)Generative AISaaSSecurity
Pre SeedSep 10, 2024
Amount Raised: $2,000,000