Inovo Venture Partners

Inovo Venture Partners is Warsaw-based and one of Poland's leading seed-stage venture firms, backing technology founders from Central and Eastern Europe building for global markets. Founded in 2014 with a €8M Fund I, Inovo has scaled to roughly €167M across three funds: Fund II (€54M, 2021) and Fund III (€105M, 2023), the latter backed by IFC, the European Investment Fund and PFR Ventures alongside private LPs including InPost founder Rafał Brzoska and Snowflake co-founder Marcin Żukowski. The firm writes €0.5–4M initial tickets at pre-seed and seed, with follow-on capacity up to €10M.

Inovo concentrates around 60% of each fund in Poland and the remainder across CEE — with investments in Croatia, Lithuania, Serbia, Ukraine, Slovakia and Romania — and opened a Balkans hub in Skopje in 2024. It is generalist within technology but has particular conviction in AI, developer tools, digital health, SaaS and B2B software. The portfolio spans more than 55 companies, including Booksy, Tidio, Spacelift, Infermedica, Preply, Packhelp and AI Clearing. Notable outcomes include the Warsaw Stock Exchange IPOs of Brand24 and ECC Games and the acquisition of SplxAI by Zscaler in 2025, one of the largest CEE AI exits to date.