# Investors based in Warszawa (2026 list) > 215 investors based in Warszawa, 4% active in the last 12 months. Led by Flyer One Ventures, Smok Ventures, National Capital Fund. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-warszawa (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Warszawa Updated 7 November 2026 Firms with an address in Warszawa. A head office is a fact about the firm; where it invests is on its own page. [See all 215 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-warszawa)The top 25 **215** investors on the list No change this week **25** cheques in 12 months Too few cheques to tell **$4.5M** median round they joined *-44%* against the market median **4%** wrote a cheque in 12 months **2%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (9) - 1 [Flyer One Ventures](https://millionrounds.com/fund/flyer-one-ventures) *Deploying now* VC firm · United Kingdom **59** **$3M** median round **Aug 2026** last seen - 2 [Smok Ventures](https://millionrounds.com/fund/smok-vc) *Deploying now* VC firm · Poland **35** **$1.1M** median round **Jul 2026** last seen - 3 [National Capital Fund](https://millionrounds.com/fund/national-capital-fund) quiet Government · Poland **8** **$1M** median round **Mar 2015** last seen - 4 [HardGamma Ventures](https://millionrounds.com/fund/hardgamma-ventures) quiet VC firm · Poland **7** **$70K** median round **May 2015** last seen - 5 [EURO-FUND](https://millionrounds.com/fund/euro-fund) dormant Growth equity · Poland **6** **$9M** median round **Jan 2011** last seen - 6 [Cogito Capital Partners](https://millionrounds.com/fund/cogito-capital-partners) *Deploying now* VC firm · Poland **5** **$50M** median round **Apr 2026** last seen - 7 [Inovo VC](https://millionrounds.com/fund/inovo-vc) *Deploying now* VC firm · Poland **5** **$5.7M** median round **Sept 2026** last seen - 8 [Expeditions Fund](https://millionrounds.com/fund/expeditions-fund) *Deploying now* VC firm · Poland **3** **$13M** median round **Jun 2026** last seen - 9 [Syntaxis Capital](https://millionrounds.com/fund/syntaxis-capital) quiet Private equity · Poland **2** **$16M** median round **Jan 2015** last seen - 10 [Central Group](https://millionrounds.com/fund/central-group) quiet Investment firm · Poland **2** **$126M** median round **Sept 2019** last seen - 11 [Blue Bird Capital](https://millionrounds.com/fund/blue-bird-capital) quiet VC firm · Poland **1** **-** median round **Oct 2015** last seen - 12 [Kogito Ventures](https://millionrounds.com/fund/kogito) quiet VC firm · Poland **1** **$4M** median round **Feb 2022** last seen - 13 [Momentum Capital Partners](https://millionrounds.com/fund/momentum-capital-partners) *Deploying now* Growth equity · Poland **1** **$4.9M** median round **Oct 2026** last seen - 14 [Montis VC](https://millionrounds.com/fund/montis-vc) *Deploying now* VC firm · Poland **1** **$5.7M** median round **Oct 2026** last seen - 15 [ORLEN VC](https://millionrounds.com/fund/orlen-vc) quiet Corporate VC · Poland **1** **$25M** median round **Jul 2024** last seen - 16 [Protos Venture Capital](https://millionrounds.com/fund/protos-venture-capital) quiet VC firm · Poland **1** **$231K** median round **Jul 2014** last seen - 17 [SMOK Angels](https://millionrounds.com/fund/smok-angels) *Deploying now* Angel network · Poland **1** **$1.4M** median round **Oct 2026** last seen - 18 [TDJ Pitango Ventures](https://millionrounds.com/fund/tdj-pitango-ventures) quiet VC firm · Poland **1** **$12M** median round **Dec 2019** last seen - 19 [Vivex Investment](https://millionrounds.com/fund/vivex-investment) quiet VC firm · Poland **1** **$315K** median round **Jun 2010** last seen - 20 [Xevin Investments](https://millionrounds.com/fund/xevin-investments-asi) quiet Private equity · Poland **1** **$250K** median round **Apr 2013** last seen - 21 [bValue VC](https://millionrounds.com/fund/b-value) *Deploying now* VC firm · Poland **1** **$3.3M** median round **Feb 2026** last seen - 22 [11 Bit Studios S.a](https://millionrounds.com/fund/11-bit-studios-s-a) unknown Investment firm · Poland **none observed** **-** median round **-** last seen - 23 [1410ventures](https://millionrounds.com/fund/1410ventures) unknown Investment firm · Poland **none observed** **-** median round **-** last seen - 24 [4growth VC](https://millionrounds.com/fund/4growth-vc) unknown VC firm · Poland **none observed** **-** median round **-** last seen - 25 [744 Capital](https://millionrounds.com/fund/744-capital) unknown Investment firm · Poland **none observed** **-** median round **-** last seen **190 more on this list** All 215 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-warszawa) ## The Newest Cheques Rounds this list's investors joined most recently - **16** Oct **[FRESH 32](https://millionrounds.com/company/fresh-32)** Seed · $1.4M *With* [SMOK Angels](https://millionrounds.com/fund/smok-angels) - **14** Oct **[KP Labs](https://millionrounds.com/company/kp-labs)** Growth · $4.9M *With* [Momentum Capital Partners](https://millionrounds.com/fund/momentum-capital-partners) - **14** Oct **[Ambio](https://millionrounds.com/company/ambio)** Seed · $5.7M *With* [Montis VC](https://millionrounds.com/fund/montis-vc) - **17** Sept **[Creem](https://millionrounds.com/company/creem)** Seed · $5.7M *Led by* [Inovo VC](https://millionrounds.com/fund/inovo-vc) - **17** Aug **[Astute](https://millionrounds.com/company/astute)** Pre-seed · $1.2M *Led by* [Flyer One Ventures](https://millionrounds.com/fund/flyer-one-ventures) - **22** Jul **[Yope](https://millionrounds.com/company/yope)** Seed · $12M *With* [Inovo VC](https://millionrounds.com/fund/inovo-vc) ## Stages This Year 25 rounds - Seed **40%** - Series A **16%** - Pre-seed **16%** - Venture **8%** - Series B **8%** - Other **12%** ## What They Backed Sectors, last 12 months - AI **11** - Big Data & Analytics **4** - Robotics **3** - Consumer Apps **3** - B2B **2** - Cybersecurity **2** ## Cheques by Quarter Led Joined 4 Q1 25 7 Q2 25 4 Q3 25 3 Q4 25 8 Q1 26 8 Q2 26 5 Q3 26 3 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in London 4,496](https://millionrounds.com/lists/investors-based-in-london) - [Investors based in CA 3,746](https://millionrounds.com/lists/investors-based-in-ca) - [Investors based in NY 3,658](https://millionrounds.com/lists/investors-based-in-ny) - [Investors based in WA 2,473](https://millionrounds.com/lists/investors-based-in-wa) - [Investors based in San Francisco 2,377](https://millionrounds.com/lists/investors-based-in-san-francisco) - [Investors based in TX 2,250](https://millionrounds.com/lists/investors-based-in-tx) - [Investors based in Dubai 1,922](https://millionrounds.com/lists/investors-based-in-dubai) - [Investors based in Los Angeles 1,261](https://millionrounds.com/lists/investors-based-in-los-angeles) - [Investors based in Chicago 1,255](https://millionrounds.com/lists/investors-based-in-chicago) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Warszawa ### Who are the most active investors based in Warszawa? By cheques observed, the most active are Flyer One Ventures, Smok Ventures, National Capital Fund, HardGamma Ventures and EURO-FUND. ### How many investors based in Warszawa are there? 215 are on record. 4% made an investment in the last 12 months and 2% have led a round. ### Which stages do investors based in Warszawa back? Of the rounds with a named stage in the last 12 months, mostly Seed (43%) and Series A (17%). ### How big are the rounds investors based in Warszawa join? The typical (median) round among the leading investors here is $4.9M. ### Which sectors do investors based in Warszawa back most? In the last 12 months, mostly AI, Big Data & Analytics and Robotics. ### Which investors based in Warszawa lead the most rounds? Cogito Capital Partners (3 led), Flyer One Ventures (1 led) and Inovo VC (1 led). ### What have investors based in Warszawa invested in recently? Recent rounds include FRESH 32 (Seed, Oct 2026, with SMOK Angels), KP Labs (Growth, Oct 2026, with Momentum Capital Partners) and Ambio (Seed, Oct 2026, with Montis VC). ### How is this list of investors based in Warszawa ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)