# Top 25 Medical Startup Investors in Poland in May 2026

## Sunfish Partners
- Type: VC Fund
- Location: Warsaw, Mazowieckie, Poland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Artificial Intelligence, Software, Medical Device

Sunfish Partners is an early stage VC that invests in Polish deep tech startups.

## Market One Capital
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Internet, Information Technology, E-Commerce

Market One Capital | Seed fund empowering marketplaces and network effects platforms across Europe

## Black Pearls VC
- Type: VC Fund
- Location: Gdansk, Pomorskie, Poland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, FinTech

Black Pearls VC is a venture capital firm focusing on Life Quality Technologies. We look for the best entrepreneurs in Poland and the Baltic Sea Region.

## FundingBox Deep Tech Fund
- Type: VC Fund
- Location: Warsaw, Mazowieckie, Poland
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Medical, Artificial Intelligence

FundingBox Deep Tech Fund provides funding to companies from the technology industry. It offers investment to early-stage organizations. FundingBox Deep Tech Fund was founded in 2020 and is based in Warsaw, Poland.

## Joyance Partners
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Health Care, Biotechnology, Wellness

Joyance Partners is the first venture fund supporting companies that deliver Delightful Moments derived from science - a new, transformative cycle of human experience that we see as one of the greatest investment opportunities in decades.

## Chiratae Ventures
- Type: VC Fund
- Location: Bangalore, Karnataka, India
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Artificial Intelligence

Chiratae Ventures is a global network of venture capital funds with approximately $3.6 billion under management and a portfolio of over 220 companies built over the last 15 years. The Chiratae Ventures network is comprised of five independent partnerships managing funds in North America and Asia. Each partnership makes investments on behalf of itslimited partners, including International Data Group (IDG), the world's largest IT media company. By combining the IDG platform – an unparalleled combination of global publishing, market research (IDC), and conferences and exhibition resources – with years of hands-on experience in early-stage company building, each Chiratae Ventures fund helps companies understand their markets better and penetrate them faster than their competition.With partnerships in the USA, Korea and multiple locations throughout China, India and Vietnam, the IDG Ventures network offers the international perspective and the local market expertise to help companies grow from start-ups to global success stories.

## Inovo VC
- Type: VC Fund
- Location: Warsaw, Mazowieckie, Poland
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, B2B, SaaS

VC for the most ambitious founders in CEE

## LKCM Headwater
- Type: VC Fund
- Location: Fort Worth, Texas, United States
- Relevant deals: 2
- Stages: Series A, Private Equity
- Focus: Gaming, Medical, Railroad

LKCM Headwater Investments is a Texas-based private investment partnership that seeks to partner with management teams to build highly successful companies. They take an operationally-minded approach and provide companies with the tools necessary to build market leaders with sustainable competitive advantages. Their investment discipline is derivedfrom several decades of investing capital for their partners and ourselves. LKCM, their investment team, affiliates and related parties collectively represent approximately 30% of their committed capital, demonstrating both a passion for and belief in their efforts.LKCM Headwater is an affiliated entity of Luther King Capital Management, an SEC-registered investment firm established in 1979 with over $14.1B of AUM, 48 investment and other professionals and 81 employees*. LKCM’s proven investment discipline centers on a long-term focus of investing in well-managed companies that demonstrate an ability to re-invest cash flows into high return investment opportunities. LKCM maintains a client and employee centric culture which facilitates their ability to empathize with the challenges faced by many operators. Along with an in-house investment research team, LKCM provides LKCM Headwater with a network of pre-existing relationships, as well as back-office, legal, compliance and tax resources.

## LT Capital
- Type: VC Fund
- Location: Krakow, Malopolskie, Poland
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Messaging, Internet

We are:Industry 4.0 seed fund. Typically, we invest around EUR 250K. If necessary, we are able to bring top-tier co-investors to the table if a bigger ticket is needed.Founder-centric. Few VC's understand that founders are the ones that run the companies. We are there to help, not to replace.Heavily networked. With contacts across theglobe, we are the bridge between great companies from the CEE and bigger funds and clients from rest of the world.Focused on CEE. In the upcoming years we will invest in around 40 companies in Central and Eastern Europe, with Poland being the main site of our investments.

## Rheingau Founders
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Internet, E-Commerce

Rheingau Founders is a Berlin&Munich based Venture Capital firm active since 2011. Focusing on pre-seed to Series A investments in Europe, predominantly B2B in the fields of Marketplaces, Software as a Service, InsurTech, and eHealth. Rheingau targets start-ups that have the potential to sustainably disrupt existing processes and value chains.Besides the financial investment, we offer strategic support through the mentorship of our partners.

## Maciej Artur Noga
- Type: Angel
- Location: Warsaw, Mazowieckie, Poland
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Convertible Note
- Focus: SaaS, EdTech, Medical

Maciej Noga is a Co-Founder at symmetrical.ai. He's an Internet entrepreneur and investor with 16 years of experience in HR Tech, Ed Tech, and ITC projects graduated with honors from the University of Chicago Booth School of Business with Entrepreneurial Finance and Private Equity concentration. He also holds an MA in HRM.
He is a Co-founder,Chief Investment & Strategic Growth Officer and Board Member of the largest Polish HR Tech Company operating multiple brands.
He is currently running the corporate VC focused on investing in HR Tech.
He is passionate about the HR Tech industry and speaks at several international conferences, advising boards, and HR departments.
He founded the Ataraxy Ventures private early-stage investment fund.
He Co-founded Hedgehog Fund the boutique angel network fund.
He is also Founding Partner with the first Polish philanthropy fund Valores.
He also sits in several executive, supervisory and advisory boards.

## Flashpoint
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, SaaS, Enterprise Software

Flashpoint is an international technology investment firm that manages venture capital, secondary buy-out and venture debt funds.

## Protos Venture Capital
- Type: VC Fund
- Location: Warszawa, Mazowieckie, Poland
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Mobile Apps, Fashion, Marketplace

Protos Venture Capital is a funding company that is focused on internet businesses in Poland. It also includes mobile projects based on Software-as-a-Service, marketplace, lead-generator, and e-commerce sectors.
Protos Venture Capital is based in Warszawa, Poland.

## Shape VC
- Type: VC Fund
- Location: Kraków, Malopolskie, Poland
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, Artificial Intelligence, Robotics

Shape is a new, Poland-based VC fund investing in early stage companies that leverage hardware as a core component of the solution.

## Maciej Frankowicz
- Type: Angel
- Location: Wroclaw, Dolnoslaskie, Poland
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Artificial Intelligence, Biotechnology, Information Technology

Maciej Frankowicz is the CEO and Partner at Shape.vc. He is also an Investor in AdTonos, Scanye, Sherlock Waste, and Aether Biomedical. Prior to that, he was the Business Developer and co-founder of AudioTrip.

## Chris Guzowski
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series B
- Focus: E-Commerce, Marketplace, Wellness

Chris Guzowski is a Principal at Polipo Ventures and Director of Opportunity Capital and Board Member at Power Lines Pro. He is a former Director of ABA Technology and Accountant at PricewaterhouseCoopers.Mr. Guzowski studied Business & Finance at the University of Technology, Sydney and received an MBA in Energy Management at the Universityof Economy Vienna.

## SpeedUp Venture Capital Group
- Type: VC Fund
- Location: Poznan, Wielkopolskie, Poland
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Mobile

We are a group of venture capital funds, investing in enterprises in an early stage of development. Areas of our interest include enterprises and entrepreneurs in Central and Eastern Europe, who want to conquer the global market by utilizing their self-developed solutions. Our cooperation with companies is based on a 3-8 years investment horizon.We're looking for innovations from areas such as: consumer internet, electromobility, energy, fintech, martech, adtech, medtech, IoT and hardware. We're interested in technologies like Machine Learning, Picture Recognition and Artificial Intelligence.

## Bedrock Ventures
- Type: VC Fund
- Location: Delhi, Delhi, India
- Relevant deals: 1
- Focus: News, Events, Medical

Bedrock Ventures is a venture capital firm that caters to early stage technology startups with investments and advisory services.
Bedrock Ventures is a Delhi-based company that was founded by Jon Sheller.

## Adamed Group
- Type: VC Fund
- Location: Czosnow, Mazowieckie, Poland
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Medical, Chemical

In 2010, Adamed Group was founded, consisting of: Adamed, Pabianickie Zakłady Farmaceutyczne Polfa and Adamed Consumer Healthcare among others.

## PKO VC
- Type: VC Fund
- Location: Warsaw, Mazowieckie, Poland
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Apps, Cryptocurrency

PKO VC is a venture capital fund established by the Polish bank PKO Bank Polski. The fund primarily invests in companies that provide technologies for the financial industry.

## Cogito Capital Partners
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 1
- Stages: Series A, Series B, Seed
- Focus: FinTech, Software, Health Care

Cogito Capital Partners is a venture and growth capital firm based in Warsaw, Poland and New York, USA. Cogito invests in late- and growth-stage tech companies predominantly operating in CEE and other European countries, but with global expansion potential. Cogito focuses primarily on key B2B technology sectors: enterprise software,fintech/insurtech, medtech diagnostics/telemedicine and IoT, partnering with entrepreneurs seeking investors with CEE regional presence and global reach

## Augebit FIZ
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Software, Health Care

Augebit FIZ is an investment firm.

## National Center for Research & Development
- Type: VC Fund
- Location: Warszawa, Mazowieckie, Poland
- Relevant deals: 1
- Stages: Grant, Seed, Pre-Seed
- Focus: Artificial Intelligence, Software, Health Care

The National Research and Development Centre is an executive agency of the Minister of Science and Higher Education. It was established in summer 2007 as a unit realizing the tasks of scientific, scientific-technical and innovation policy. At the time of inception was the first unit of this type, created as a platform for effective dialogue betweenscience and business environment. Currently it operates under the Act of 30 April 2010 by the National Centre for Research and Development (Dz. U. 2010, No. 96 item. 616). Introduced in autumn 2010 reform of the science center has allowed greater freedom in disposing financial resources, within the framework of the strategic research agenda. An additional 1 September 2011, NRDC has expanded the scope of its activities with new initiatives and opportunities. Taking over from the Ministry of Science and Higher Education function of the Intermediate in three operational programs: Human Capital, Innovative Economy and Infrastructure and Environment, has become one of the largest centers supporting innovation in Poland. The Centre is funded by the Treasury and European Union funds.

## UNIQA Ventures
- Type: VC Fund
- Location: Vienna, Wien, Austria
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Insurance, Health Care, FinTech

UNIQA Ventures GmbH is the Venture Capital arm of UNIQA Insurance Group AG, a leading insurance carrier in Central & Eastern Europe and a pioneer in Corporate-backed Venture Capital in Austria and CEE. Based in Vienna, Austria, the firm is investing in outstanding business models driven by strong teams and a clear vision to shape the future ofkey industries. Investment areas are the future of Health, Mobility, Intelligent Home and FinTech/InsurTech as well as enabling technologies such as IoT, Blockchain, ML/AI.

## Szymon Horaczuk
- Type: Angel
- Location: Warsaw, Mazowieckie, Poland
- Relevant deals: 1
- Stages: Series A
- Focus: Medical, Wellness, Health Care

Szymon Horaczuk

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