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💙 Stand with Ukraine 💛

Hi Founder! We’re Inovo, a seed-stage VC focused on CEE founders. We love founders, especially ones who aren’t afraid to dream big. If you want to build a company with $100M+ revenue – reach out to us!

Who we are

✋Our Team ← Let’s talk🥇Our Portfolio💪🏾Our Support Overview🏗️Our Talent Support🏔️Our Values🙌🏽Our Co-investors

What we search for

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💰 Investment Ticket: €0.5m - €4m

This is our first ticket size. We do follow-ons up to €10m for individual portfolio companies, and we can do €100-250k ”discovery tickets” in special cases.

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🌱 Stage: Pre-Seed & Seed

We invest mainly at the Seed stage (occasionally earlier or later). Our ticket allows us to make some Series A investments too.

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🌍 Geo: CEE + diaspora

We have a GEO focus, invest in startups all over Central and Eastern Europe, and founders from this region who are building startups anywhere in the world. The CEE region includes the following countries: Poland, Lithuania, Croatia, Serbia, Ukraine, Latvia, Estonia, Romania, Bulgaria, Slovenia, Czech Republic, Hungary, Slovakia, North Macedonia, Bosnia and Herzegovina, Kosovo, Albania, and Montenegro.

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⚙ Industry: Multi-vertical

We aren’t limited to a single sector or business model. However, we are strong in certain areas like:

  • Developer Tools (Maciej), AI/Machine learning (Maciej), Data Science (Karol), Healthcare (Michal),
  • SaaS enabled marketplaces (Michal), B2C and B2B2C (Michal), B2B Enterprise (Tomasz)
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💙 What makes us excited

YOU:-) We are excited by ambitious founders, large markets, products that clients love, and are just 10x better than anything else on the market. See our “Industry: Multi-vertical” section above.

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Click on Arrows ▶ to see more details ✨

Materials for Founders

📔 Our public Term Sheet

🗺 Polish Funding Landscape

📏 CEE METER - Round Benchmarks

🔥 How to Pitch Your Tech

🔍 Doing DD on a Potential investor

📘 More readings from Inovo

🤖 State of DevTools in CEE 2025 report

What founders say about Inovo

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FAQ

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How to contact you?

Message one of us on LinkedIn or try to get a warm intro. Have a look at Our Team above, and find the member whose interests best match what you’re building.

Our LinkedIns' (Dawid, Karol, Maciej, Michał, Tomasz, Stefan, and Zuzanna)

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Can Inovo lead my round?

Yes, we can lead Pre-Seed / Seed rounds. Our ticket is usually too small to be a lead at Series A, but we can still participate. We can lead rounds, co-lead, and be a non-leading investor.

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Are you interested in SAFE/convertible notes?

Yes. We can invest and have already invested in equity rounds, SAFE notes, and convertibles.

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What happens if you invest in my startup and it fails?

It’s OK to fail, and if you don’t deliver the desired outcome or go bankrupt—that’s fine. We prefer teams with the ambition to deliver something amazing that failed over teams producing results below their potential.

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What’s your fund size/vintage year/number of portfolio companies?

We are currently investing from our Fund III.

👶🏼
Current (Fund III)
  • Vintage: 2022
  • Size: €107m
  • Targeted number of portfolio companies: 25-30
👦🏽
Previous
  • Vintage: 2018
  • Size: €54m
  • Number of portfolio companies: 20 + 5 scouting
👵🏼
The first
  • Vintage: 2014
  • Size: €8m
  • Number of portfolio companies: 15
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Why is your website so simple?

We are founders-first, and this website is optimized for their convenience. It’s as brief as possible and has all the data points that founders gather about VCs before talking to them. If you’re a VC-backed startup founder and think something important is missing, feel free to message Tomasz Swieboda about it.

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What’s your office address?

We are remote first, but still, we have some offices:

Warsaw office

ul. Wspólna 35 lok. 23 (PH1)

00-519 Warsaw, Poland

Skopje Hub

Contact Stefan for the details

Amsterdam office

De Lairessestraat 145 A

1075HJ Amsterdam, the Netherlands

Luxembourg office

2 Place de Strasbourg

2652 Luxembourg

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Sustainability

Information for Inovo Spółka z ograniczoną odpowiedzialnością Venture Fund I ASI S.K.A. on sustainable investmentsInformation for Inovo Spółka z ograniczoną odpowiedzialnością Venture Fund I ASI S.K.A. on sustainable investments

⚫ External grievance mechanism

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This operation benefits from support from the European Union under the InvestEU Fund.