The Polish VC market experienced a decrease in value in 2023, with €466 million flowing through the market. This represents a decrease of 42% compared to the previous year. However, the report predicts that the second half of 2024 will see a turnaround due to the inflow of funds from the European Funds for a Modern Economy. The report also highlights the emergence of a new Polish unicorn, ElevenLabs, which raised €74 million and achieved a market valuation exceeding €1 billion. Seed investments remained the predominant type of investment in the Polish market, accounting for 380 transactions in 2023. However, there was an increase in Series A rounds and a decrease in Series B rounds compared to the previous year. The report also noted that money from VC funds most often went to companies in the healthcare innovation sector.
Unveiling the Roaring Polish VC Market of 2023: €466M Valuation, Empowering Health Tech
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