Podlaski Fundusz Kapitałowy

The industry in which a company operates is of secondary importance to us.

Activity: Podlaski Fundusz Kapitałowy was established over twenty years ago. Every year, several dozen projects are submitted and subjected to a closer analysis. In the case of a dozen or so of them, more advanced talks take place, which usually end with one or two investments.

Investment process: The duration of this process varies. It depends on the degree of preparation of a given project, but on average it takes about 3 months. During this period, substantive analyses of the project, legal and financial due diligence are carried out, as well as the preparation of the investment contract and negotiations of its final terms.

What stage should the project be at? Start-ups that already have a market-tested business model and are generating initial sales revenue. Our fund is also happy to support companies at a later stage of development, for example, those looking for funds for market expansion. In both cases, the key criterion for us is the experience and knowledge of the project managers. The potential to build a competitive advantage in the market is also important. The industry in which the company operates is of secondary importance to us.

Examples of investments: BitCraft, with which the fund started cooperation in 2016. Currently, thanks to the substantive and financial support of our Fund, the company has expanded its operations on the international market and competes without any complexes with the industry's biggest players.

The biggest mistakes made by Polish entrepreneurs: The most common mistakes include believing that the idea itself is the greatest value of the project, while in fact the key is its implementation. An unspecified target customer group and the lack of a sales strategy are another mistake made by young businesses. Another common mistake is the unwillingness to take any form of risk, which is often due to a lack of funds and high expectations regarding the remuneration financed by the investor. When observing start-up entrepreneurs, we also see that they often focus on participating in competitions instead of the core business, and they also plan to enter foreign markets, even though they have not achieved anything in the more easily recognizable local market.