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Protos Venture Capital is a Warsaw-based venture capital fund founded in 2012. The firm focuses on early-stage investments, particularly in SaaS (Software as a Service) and marketplace models. Protos has a strong emphasis on the Polish market, although it has also engaged in investments abroad. The fund's investment period has concluded, and it is currently not making new investments.
Over the years, Protos has built a portfolio of 15 companies, primarily targeting seed and growth equity stages. The firm has a team composed of successful internet entrepreneurs and experienced venture capital and private equity managers. This combination allows Protos to provide valuable insights and support to its portfolio companies.
Protos Venture Capital has established itself as a notable player in the Polish venture capital scene, with a focus on scalable software-enabled business models. The firm has also launched a successor fund, Protos Next, indicating a continuity of its investment thesis under a new vehicle.
Protos Venture Capital primarily targets early-stage investments in SaaS and marketplace businesses. The firm has historically focused on seed, startup, and expansion-stage internet companies, leveraging its expertise in scalable software-enabled business models. Typical check sizes range from $1 million to $5 million, with a deal pace of 2 to 6 investments per year during its active period.
The geographic focus is primarily on Poland, with some investments in nearby markets. Protos seeks to identify promising startups that demonstrate strong growth potential and innovative solutions within the SaaS and commerce sectors. The firm values founders who possess a deep understanding of their market and a clear vision for their business.
Protos Venture Capital has invested in a diverse range of companies, with notable portfolio companies including:
These companies reflect Protos' commitment to supporting innovative solutions in the SaaS and marketplace sectors.
Jakub Slusarczyk: Partner at Protos Venture Capital, based in Warsaw. He has a background in venture capital and has been involved in various successful investments.
Kuba Guzowski: Co-Founder of Protos Venture Capital. His experience includes founding and managing startups, contributing to the firm's focus on early-stage investments.
Pawel Chodaczek: Partner at Protos Venture Capital, also based in Warsaw. He brings extensive experience in venture capital and private equity to the firm.
Michal Muchorski: Investment Committee Member and Limited Partner at Protos. He plays a key role in evaluating potential investments and guiding portfolio companies.
Wiktor Schmidt: Investor at Protos Venture Capital since 2013 and Executive Chairman at Netguru. He has a strong background in technology and investment.
Marcin Kurek: Associated employee at Protos Venture Capital, contributing to the firm's investment activities.
Jacek Wysocki: Associated employee at Protos Venture Capital, also involved in various operational aspects of the firm.
As of 2026, Protos Venture Capital's investment period has concluded, and the firm is not currently making new investments. The focus has shifted to managing its existing portfolio of 15 companies.
Protos has launched a successor fund, Protos Next, which indicates a continuation of its investment thesis under a new vehicle. This successor fund may provide opportunities for future investments in the same sectors.
Notable exits from the portfolio include Sporticos, a sports-data and media company, which has seen significant growth and recognition in the market.
What are Protos Venture Capital's investment criteria?
Protos primarily invests in early-stage projects within the SaaS and marketplace sectors. The firm focuses on seed, startup, and expansion-stage companies, particularly those based in Poland and nearby markets.
How can I apply or pitch to Protos Venture Capital?
Founders interested in pitching to Protos should prepare a detailed business plan that outlines their market strategy, growth potential, and financial projections. While the firm is currently not making new investments, it is advisable to check for updates regarding any future opportunities.
What makes Protos Venture Capital different from other investors?
Protos has a strong focus on the Polish market and a deep understanding of the SaaS and marketplace sectors. The firm combines the expertise of internet entrepreneurs with experienced venture capital and private equity managers, providing valuable insights to its portfolio companies.
What is the geographic scope of Protos Venture Capital?
Protos primarily focuses on investments in Poland, but it has also engaged in investments in other European markets. The firm aims to support innovative startups that demonstrate strong growth potential within the region.
What is the typical check size for investments?
Protos Venture Capital typically invests between $1 million and $5 million in its portfolio companies, depending on the stage and potential of the business.
What is Protos Venture Capital's post-investment involvement like?
Protos adds value to its portfolio companies through strategic guidance and support, leveraging its network of internet entrepreneurs and venture/private-equity managers. The firm focuses on helping its companies scale and achieve their growth objectives.
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