TLDR:
- bValue, a Polish investor, has closed a new €90M growth fund called BVG.
- The fund exceeded its target cap of €80M and aims to support tech startups and scaleups in Poland and the CEE region.
Article Summary
Seasoned Polish investor bValue has closed its growth fund, BVG, raising €90M from LPs which exceeded its target cap of €80M. The fund aims to support tech startups and scaleups across Poland and the CEE region. Approximately half of the capital raised came from financial institutions, including the European Investment Fund and the Polish Development Fund, with the remaining capital from private investors, including Polish and foreign family offices. bValue Growth Fund fills the financing gap between venture capital funds and private equity funds, focusing on growth equity provision in the region. This success in raising a third fund is rare in Poland, with nearly 50% of investors in BVG being institutional and the others private investors from Poland and Western Europe. The fund was made possible through the European Scale-up Action for Risk Capital program. Founder and Managing Partner at bValue, Maciej Balsewicz, expressed gratitude for the confidence investors have shown in them, particularly highlighting the support from the European Investment Fund.
