MCI Capital
Venture Capital · Warsaw, Poland
MCI Capital is a Warsaw-listed digital private equity and growth investor and one of the largest mid-market technology PE groups in Central and Eastern Europe. Founded in 1999 by Tomasz Czechowicz and listed on the Warsaw Stock Exchange (ticker: MCI), the firm manages roughly €650M (PLN 2.7bn) in assets, deployed through two evergreen funds — MCI.EuroVentures and MCI.TechVentures, both launched in 2008. MCI targets expansion and buyout transactions of €25–100M, taking majority or significant stakes in two to three companies a year across SaaS, e-commerce and marketplaces, fintech, insurtech, foodtech, traveltech and digital infrastructure. Geographically the firm concentrates on Poland and the wider CEE region — including Hungary, the Czech Republic, Austria, Slovakia and Lithuania — with selective reach into Western Europe. Since inception MCI has completed over 110 investments and more than 90 divestments, delivering landmark exits including iZettle (sold to PayPal for $2.2bn in 2018), Dotpay/eCard (Nets/Nexi, 2019), Azimo (Papaya Global, 2022) and a partial exit from Answear.com in 2025. Its listed structure, backed by institutional shareholders including the Nationale-Nederlanden pension fund, gives MCI permanent-capital characteristics rare among European mid-market PE peers.
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