TLDR:
- Polish bValue Growth Fund closes €90M fund exceeding target cap of €80M.
- The fund finances technology companies in Poland and CEE region and has the ability to make partial buyouts.
Polish bValue Growth recently closed their bValue Growth (BVG) fund with a total cap of €90M, surpassing their target cap of €80M. The fund, launched in 2022, aims to support the development of technology companies in Poland and across the CEE region. The fund has the ability to make partial buyouts, making it a valuable asset for the tech ecosystem. bValue Growth is the third and largest fund in bValue’s history since its establishment in 2016 by Maciej Balsewicz. The fund has invested in over 40 companies with 14 successful exits, offering seed investments ranging from €100K to €1M. The team at bValue comprises nine Fund experts and a platform of over 50 field advisors who collaborate with the Fund, providing strategic and tactical support to the investment team and portfolio companies.
Almost half of the capital for the fund was secured through limited partners, including institutional investors like the European Investment Fund and the Polish Development Fund, as well as private ones, such as Polish and foreign family offices. bValue Growth typically invests €5 – €15M in a single ticket for an equity stake of 20-40%, with the possibility to acquire majority stakes in exceptional cases. The fund primarily focuses on tech companies with proven business models and dedicated teams.
Maciej Balsewicz, Founder and Managing Partner at bValue, expressed his gratitude for the confidence investors have placed in them. He highlighted the significance of the European Investment Fund’s support, which greatly facilitated the acquisition of further investors for the fund. The bValue Growth fund pioneers a new asset class in the region, known as growth equity, bridging the financing gap between venture capital funds and private equity funds.
