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Vinci S.A. is a venture capital firm established as a subsidiary of the Bank Gospodarstwa Krajowego (BGK), Poland's state development bank. Founded in 2021, Vinci S.A. focuses on managing alternative investment companies that provide financing solutions for the growth of Polish enterprises. The firm was registered in the Alternative Investment Companies Register (ZASI) in the latter half of 2021, marking its commitment to supporting the socio-economic development of Poland through direct capital investments.
Currently, Vinci S.A. manages a total fund size of $275 million, which is allocated across two primary funds: Venture Capital ASI and Private Equity ASI. The Venture Capital ASI fund targets innovative and technological companies at later stages of development, while the Private Equity ASI fund finances the growth and consolidation of established Polish enterprises. Vinci S.A. aims to keep Polish deep tech and dual-use innovation domestically funded, ensuring that companies have the necessary resources to thrive in competitive markets.
As of now, Vinci S.A. has invested in 12 portfolio companies, demonstrating its active role in the Polish startup ecosystem. The firm is headquartered in Warsaw, Poland, and is focused on sectors such as AI, cybersecurity, robotics, healthcare, climate, food-agtech, and defense.
Vinci S.A. operates with a clear investment strategy that emphasizes growth-stage equity for Polish technology scale-ups. The firm primarily invests in sectors including AI, cybersecurity, robotics, healthcare, climate, food-agtech, and defense. The investment stages focus on growth, expansion, and consolidation, with check sizes ranging from $0 to $11 million. The firm has a minimum revenue threshold of PLN 2 million for potential investments, ensuring that it targets companies that are past the startup phase and entering expansion or internationalization.
The firm manages two distinct funds: the Venture Capital ASI fund, which provides capital to innovative companies at later stages, and the Private Equity ASI fund, which finances the growth and consolidation of established Polish enterprises. Vinci S.A. aims to support approximately 50 Polish innovation scale-ups over the 2026-2030 horizon, with a target of investing in 38 additional companies beyond its current portfolio of 12.
Vinci S.A. emphasizes the importance of keeping Polish deep tech and dual-use innovation funded domestically. This strategic focus aligns with national priorities and aims to bolster the socio-economic development of Poland through direct capital investments in innovative technologies.
Vinci S.A. has a diverse portfolio of 12 companies, showcasing its commitment to supporting innovative and technological advancements in Poland. Notable portfolio companies include:
This portfolio reflects Vinci S.A.'s strategic focus on sectors that drive technological advancement and economic growth in Poland, particularly in areas such as healthcare, robotics, and AI.
Bartosz Drabikowski - President of the Board. He has extensive experience in investment management and has played a key role in shaping Vinci S.A.'s strategic direction.
Adam Żelezik - Board Member. Adam brings a wealth of knowledge in venture capital and private equity, contributing to the firm's investment decisions.
Tomasz Serwan - Investment Director. Tomasz has a strong background in technology investments and is responsible for sourcing and managing portfolio companies.
Monika Prokopowicz - Investment Director. Monika specializes in healthcare investments and has a track record of successful deal-making in the sector.
Elżbieta Kujawa - Investment Director. Elżbieta focuses on food and agriculture investments, leveraging her expertise to identify promising opportunities.
Szymon Adamczyk - Investment Director. Szymon has a background in AI and cybersecurity, guiding investments in these critical sectors.
Ilona Kopcińska, CFA - Investment Manager. Ilona supports the investment team with financial analysis and due diligence processes.
Luiza Nowacka - Investment Manager. Luiza plays a key role in managing relationships with portfolio companies and ensuring their growth.
Marcin Matusiak - Investment Manager. Marcin focuses on operational support for portfolio companies, helping them scale effectively.
Piotr Jusiński - Investment Manager. Piotr is involved in sourcing new investment opportunities and conducting market research.
Bartosz Pakulski, CFA - Investment Analyst. Bartosz assists in financial modeling and analysis for potential investments.
Adam Rakowski, CFA - Investment Analyst. Adam supports the investment team with data analysis and market insights.
Mikołaj Wiśniewski - Investment Analyst. Mikołaj focuses on evaluating technology investments and conducting due diligence.
Jan Ćwiek - Investment Analyst. Jan assists in preparing investment presentations and reports.
Mikołaj Przybylski, CFA - Investment Analyst. Mikołaj contributes to financial analysis and investment strategy development.
Jan Pakuła - Investment Analyst. Jan supports the team with research and analysis of market trends.
To pitch to Vinci S.A., founders should send an email to kontakt@vincizasi.pl. It is recommended to include a comprehensive pitch deck that outlines the business model, market opportunity, competitive landscape, and financial projections. The firm values clarity and detail in presentations, as this helps in assessing the potential fit with their investment strategy.
Vinci S.A. typically responds to inquiries within a reasonable timeframe, but founders should be prepared for a thorough evaluation process. Warm introductions can enhance the chances of receiving a timely response, so leveraging connections within the Polish tech ecosystem may be beneficial.
In April 2026, Vinci S.A. announced a new investment strategy aimed at committing PLN 1.1 billion in fresh capital to support Polish technology scale-ups over the next four years. This strategy includes a focus on sectors such as AI, cybersecurity, and dual-use technologies.
In March 2026, Vinci S.A. raised its single-investment limit to PLN 110 million, allowing for larger investments in promising companies. This change reflects the firm's commitment to scaling its portfolio and supporting growth-stage companies effectively.
Vinci S.A. has been actively managing its portfolio since its establishment in 2021, with notable investments in companies like ICEYE, which has secured a contract with the Polish Ministry of Defense.
What are Vinci S.A.'s investment criteria?
Vinci S.A. focuses on growth-stage investments in Polish technology scale-ups, particularly those with a minimum annual revenue of PLN 2 million. The firm targets sectors such as AI, cybersecurity, robotics, healthcare, climate, food-agtech, and defense.
How can I pitch to Vinci S.A.?
Founders can reach out to Vinci S.A. via email at kontakt@vincizasi.pl. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and financial projections.
What makes Vinci S.A. different from other investors?
Vinci S.A. is unique in its commitment to keeping Polish deep tech and dual-use innovation funded domestically. The firm is backed by the Bank Gospodarstwa Krajowego, which allows it to provide substantial capital and strategic support to its portfolio companies.
What is the geographic focus of Vinci S.A.?
The firm primarily invests in Polish companies, emphasizing the importance of supporting domestic innovation and technology development.
What is the typical check size for investments?
Vinci S.A. typically invests between $0 and $11 million, depending on the stage and needs of the portfolio company.
What kind of support does Vinci S.A. provide post-investment?
Vinci S.A. offers strategic support to its portfolio companies, helping them scale and expand in competitive markets. This includes access to resources and guidance tailored to the specific needs of each company.
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