Launch of Movens VC
An amazing final of a very intense year. We have signed an investment agreement regarding the launch of Movens Venture Capital. The fund's capitalization is EUR 14M , and the involvement in one company will range from EUR 0.1M to EUR1 M. On a partnership basis, we will support the most ambitious founders in the first stages of building European and global technology diamonds.
We want to focus on businesses that will revolutionize traditionally large industries mainly through the use of machine learning and artificial intelligence in process automation. We believe that properly developed companies based on "Polish technological talent" will be an attractive target for western VC funds and ultimately strategic investors.
We bring not only money to companies, but also entrepreneurial and investment experience of the fund's partners. Artur Banach for many years developed a local competitor Google - Netsprint, Michał Olszewski - one of the best Polish fintech Skycash, Ramon Jimenez - Venture Partner in Silicon Valley for many years introduced French technology companies to the American market, and now his role will be to support our portfolio. We have previously invested our own or our funds in dozens of different companies, including Packhelp, iTaxi, Whitepress, Medical Algoritmics, Salad Story, Waytogrow, Adrino, Fenige).
The investors in the fund are PFR Ventures (under the Starter Program) and over 30 fantastic private investors - entrepreneurs and managers who have built strong international companies, experienced investors and outstanding experts.
We are looking forward to the first investments! ;) We will keep you posted!
Business development | Entrepreneurship | Product development
4moArtur, thanks for sharing!
Executive Vice President at EnXchange
4yCongratulations, Artur!
Conversational AI | Partnerships | Business Consultant
4yCongratulations Artur!
Brawo Artur, gratulacje i trzymam kciuki za udane inwestycje, a przede wszystkim udane exity!
Full Speed Ventures Managing Partner and Co-founder
4yCongrats Artur!