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BNP Investment Fund, also known as AIM Investment Fund, is a venture capital organization founded to invest in ventures at the intersection of artificial intelligence (AI), innovation, and media. Established in Poland, the fund operates under the ASI (Alternative Investment Company) structure and is currently rebranding to AIM Investment Fund S.A. This transition reflects its commitment to becoming a leading investment platform for creative technology in Europe.
The fund has a notable history, having previously operated as ASI Gaming Investment Group from 2018 to 2025, focusing primarily on the Polish video game market. During this period, it achieved significant asset value growth of over 52,000% and equity growth exceeding 300%. As it enters a new international phase post-2025, BNP Investment Fund aims to expand its reach through global partnerships with tech brands, investment funds, and institutional investors from Europe, the GCC, Australia, and Asia.
Currently, the fund is based in Poland and emphasizes building a strategic ecosystem that includes data centers, green technology, and space technology. The management team includes CEO Stefan Cieśla and Chairman Konrad Kąkol, who lead the organization in its mission to support transformative technologies.
BNP Investment Fund focuses on sectors such as artificial intelligence, biotech, media, energy, and space technology. The fund's investment strategy emphasizes three core areas: supporting the next wave of creativity in AI, funding breakthrough technologies and business models in innovation, and redefining content, gaming, and digital distribution in media. This approach aims to create a strategic ecosystem that enhances the potential of its portfolio companies.
Investments are directed towards high-growth biotech ventures that align with the fund's expertise in transformative technologies. BNP Investment Fund seeks to build a portfolio that not only includes innovative startups but also integrates data centers and green technology to foster sustainable growth. The fund's geographic focus is primarily on Europe, where it aims to capitalize on emerging trends in technology and media.
While specific portfolio companies were not detailed in the provided content, BNP Investment Fund has made notable investments in the following ventures:
As the fund transitions into its new branding and expands its international presence, it is expected to grow its portfolio further, particularly in the sectors of AI, biotech, and media.
Stefan Cieśla - CEO, Management Board. Cieśla has extensive experience in the investment sector, leading the fund's strategic direction and operations.
Konrad Kąkol - Chairman, Supervisory Board. Kąkol oversees the fund's governance and strategic initiatives, bringing a wealth of knowledge in venture capital.
Jakub Stańczyk - Vice-Chairman, Supervisory Board. Stańczyk plays a key role in shaping the fund's investment strategy and portfolio management.
Marcin Bielski - Member, Supervisory Board. Bielski contributes to the fund's oversight and strategic planning efforts.
Dariusz Paćko - Member, Supervisory Board. Paćko is involved in the fund's governance and investment decision-making processes.
Kurt Johnston - Advisor, Johnston & Partners. Johnston provides advisory support, leveraging his expertise in the investment landscape.
To pitch BNP Investment Fund, founders should visit their website at bnpif.com. The pitch deck should include a clear overview of the business model, market potential, and alignment with the fund's focus on AI, innovation, and media. While specific response time expectations are not disclosed, it is recommended to follow up if no response is received within a reasonable timeframe. Warm introductions may enhance the chances of securing a meeting.
As of April 2026, BNP Investment Fund is undergoing a rebranding process to AIM Investment Fund S.A., reflecting its focus on AI, innovation, and media. This transition is part of a broader strategy to expand its international presence and enhance its investment capabilities.
During its previous operational phase as ASI Gaming Investment Group, the fund achieved significant asset value growth and is now entering a new phase aimed at international expansion. The fund has made investments in ventures such as Hello Pictures LLC and has established an internal accelerator vehicle, BNP Accelerator P.S.A., to support early-stage companies.
What are BNP Investment Fund's investment criteria?
BNP Investment Fund invests in sectors related to artificial intelligence, biotech, media, energy, and space technology. The fund looks for high-growth ventures that align with its focus on transformative technologies and creative innovation.
How can I pitch to BNP Investment Fund?
Founders can submit their pitches through the fund's website at bnpif.com. It is advisable to include a detailed overview of the business model, market potential, and how the venture aligns with the fund's focus areas.
What makes BNP Investment Fund different from other VCs?
BNP Investment Fund emphasizes building a strategic ecosystem around its portfolio companies, integrating sectors such as data centers and green technology. This approach aims to enhance the growth potential of its investments.
What is the geographic scope of BNP Investment Fund?
The fund primarily focuses on investments within Europe, but it is expanding its reach through global partnerships with tech brands and institutional investors from various regions.
What is the fund size and check size for investments?
Specific quantitative data regarding fund size and check sizes is not publicly available. However, the fund is known to support high-growth ventures, indicating a willingness to invest significant capital in promising startups.
What kind of post-investment involvement does BNP Investment Fund have?
While specific details on post-investment involvement are not provided, the fund's focus on building a strategic ecosystem suggests that it may offer operational support and mentorship to its portfolio companies.
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