Polish bValue closes Growth fund with total cap of €90m

Warsaw-based investment firm bValue has announced the closing of its third fund, bValue Growth (BVG), at €90 million to support technological companies in Poland and across Central and Eastern Europe. 

  • bValue was founded in 2016 by Maciej Balsewicz as early-stage tech and tech-enabled CEE businesses backer. Since its inception, it has invested in over 40 companies, including Your Kaya, a startup that created eco-friendly feminine hygiene products, Tidio, an all-in-one customer service tool, and has made 14 exits. The fund’s seed investments usually range from €100,000 to €1 million. 
  • bValue Growth fund was launched in 2022, becoming the third for bValue and the largest one. “We realized that our well-tested approach of capital + good advice on seed stage can be further developed and well applied in later stages where we see much less capital available,” it says in the statement. 
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“bValue Growth successful final closing underlines the catalytic role of the European Investment Fund (EIF). This investment was made possible via the European Scale-up Action for Risk capital (ESCALAR) program, which supports investments in scale-ups, making it a good fit for bValue strategy of improving access to finance for high-growth companies in the CEE region,” said Marjut Falkstedt, EIF Chief Executive.

  • bValue Growth focuses on fast-growing tech companies with a proven business model. Its goal, the fund says, is to help bridge the funding gap that exists between early-stage investors like venture capital funds and buyout-focused private equity firms.
  • BVG invests €5-€15 million in a single ticket for an equity stake of 20-40%, with possibility to acquire majority stakes in exceptional cases.
  • In November 2023, bValue closed its first investment from BVG, supporting Hostersi, a provider of cloud migration and cloud infrastructure support services, with more deals to be finalized and announced shortly.

Source:VestBee- Dara Kachinska

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