Logo

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

    Who we are

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

    What do we search for

    ‣
    💰 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.

    ‣
    🌱 Stage: ~Seed

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

    ‣
    🌍 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: Ukraine, Poland, Romania, Czech Republic, Hungary, Serbia, Bulgaria, Slovakia, Croatia, Bosnia and Herzegovina, Albania, Lithuania, North Macedonia, Slovenia, Latvia, Kosovo, Estonia, Montenegro.

    ‣
    ⚙ 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)
    ‣
    💙 What makes us excited

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

    ☝
    Click on Arrows ▶ to see more details ✨

    Materials for Founders

    📔 Our public Term Sheet

    📏 CEE METER - Round Benchmarks 2023

    🗺 Polish Funding Landscape 2022

    🔥 How to Pitch Your Tech

    🔍 Doing DD on a Potential investor

    📘 More readings from Inovo

    🛠️
    Founder Wannabes ← Apply!

    What Founders are saying about Inovo?

    💬
    Listen to what founders say about Inovo

    Dragos Bulugean, CEO @Archbee
    Dragos Bulugean, CEO @Archbee
    Tytus Golas, CEO @Tidio
    Tytus Golas, CEO @Tidio
    Piotr Orzechowski, CEO @Infermedica
    Piotr Orzechowski, CEO @Infermedica
    Adam Janczewski, CEO @Jutro Medical
    Adam Janczewski, CEO @Jutro Medical
    Tytus Golas, CEO @Tidio
    Tytus Golas, CEO @Tidio
    Maja Schaefer, CEO @Zowie
    Maja Schaefer, CEO @Zowie

    FAQ

    ‣

    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, Kris, Maciej K., Maciej, Michal, Tomasz)

    ‣

    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.

    ‣

    Are you interested in SAFE/convertible notes?

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

    ‣

    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.

    ‣

    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: €105m
    • Targeted number of portfolio companies: 20
    👦🏽
    Previous
    • Vintage: 2018
    • Size: €54m
    • Number of portfolio companies: 20 + 5 scouting
    👵🏼
    The first
    • Vintage: 2014
    • Size: €8m
    • Number of portfolio companies: 15

    ‣

    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.

    ‣

    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

    Amsterdam office

    Jan van Goyenkade 8

    1075 HP Amsterdam, the Netherlands

    Luxembourg office

    2 Place de Strasbourg

    2652 Luxembourg

    Information for Inovo Spółka z ograniczoną odpowiedzialnością Venture Fund I ASI S.K.A. on sustainable investments
    Information for Inovo Spółka z ograniczoną odpowiedzialnością Venture Fund I ASI S.K.A. on sustainable investments
    Stay ambitious, we have your back 🚀

    💙 Stand with Ukraine 💛