Early-stage VC, Warsaw
Inovo Venture Partners
Venture capital firm · Warsaw · Founded 2011
Quick read
Inovo Venture Partners is an early-stage VC founded in 2011, headquartered in Warsaw, Poland. The firm backs post-traction startups from Poland and the CEE region with initial tickets of €0.5–4M, targeting companies that can grow 100x and expand globally. Two-thirds of its portfolio companies have raised follow-on rounds from top-tier global VCs including a16z and Tiger Global, with 7 portfolio companies valued above €100M.
Key facts
- Founded
- 2011
- Founders
- Tomasz Swieboda
- Employees
- 15
- Sectors
- generalist, saas, ai, enterprise
- Website
- inovo.vc
Investment thesis
Inovo backs early-stage, post-traction startups from Poland and the CEE region with initial tickets of €0.5–4M, targeting companies with 100x growth potential that are ready to build global brands. The firm acts as a seed-stage partner and systematically hands off to top-tier global VCs — a16z, Tiger Global, Insight Partners — in follow-on rounds.
Recent activity
- Mar 2026investmentInovo participated in a Series A round for Saltz, the most recent tracked deal in the firm's investment history per Startupintros. startupintros.com
- May 2026investmentAI coworker startup Viktor raised €64.7 million Series A after hitting €12.9 million revenue run rate within 10 weeks of launch; Inovo is a backer per EU-Startups coverage. eu-startups.com
- Dec 2025investmentJutro Medical, an Inovo portfolio company, raised a €24 million Series A extension for its AI-first primary healthcare platform. eu-startups.com
- Dec 2025investmentTracxn recorded Inovo as having made 8 new investments in the prior 12 months, up from 5 noted in a July 2025 snapshot, bringing its total portfolio to 56 companies. SplxAI was acquired during this period, adding a third acquisition to the portfolio alongside Brand24 and SunRoof. tracxn.com
- Aug 2025investmentLatvian startup Handwave raised €3.6 million to build payment and identification technology; Inovo was among the backers. eu-startups.com
- Mar 2025investmentJutro Medical raised €12 million to replace telemedicine with medical AI agents, with Inovo participating. eu-startups.com
- Aug 2022fundraiseInovo VC closed its third fund at €105m, exceeding the original €100m target. LPs include IFC (World Bank Group), the European Investment Fund, and PFR Ventures. Private investors account for more than €55m of the total. The fund targets 20–30 companies with tickets of €0.5m–€4m and follow-on investments up to €10m. pfrventures.pl
- Aug 2022pressInovo described itself as the first Polish VC to launch a third fund. Its first two funds backed over 30 companies with more than €45m deployed combined. ain.capital
- H1 2022investmentInovo made six investments in the first half of 2022, including participation in More Growth's $5m pre-seed round, Zowie's $14m Series A, and Tidio's $25m Series B. ain.capital
- 2021investmentInovo led a seed round in Jutro Medical, significantly increasing its stake and making Jutro Medical its largest single investment at the time. Kochański & Partners advised Inovo on the deal; other investors included Rheingau Founders, Market One Capital, and business angels. ceelegalmatters.com
- May 2021investmentInovo participated in a seed round extension in SunRoof, a solar roof installation company operating in Sweden, Norway, Poland, and Germany. Kochański & Partners advised Inovo; co-investors included SMOK Ventures, LT Capital, EIT InnoEnergy, and FD Growth Capital. ceelegalmatters.com
- Jul 2025investmentTracxn data shows Inovo has invested in 52 companies in total, with 5 new investments in the 12 months to July 2025. Its most recent reported deal was leading the $949K seed round of Banani alongside Specialist. tracxn.com
Notable investments
- SaltzSeries AMar 2026startupintros.com
- ViktorSeries AMay 2026eu-startups.com
- Jutro MedicalSeries A extensionDec 2025eu-startups.com
- HandwaveSeedAug 2025eu-startups.com
- Jutro MedicalSeries AMar 2025eu-startups.com
- BananiSeed2025tracxn.com
- BananiSeed ($949K)2024–2025tracxn.com
- TidioSeries B ($25m)H1 2022ain.capital
- ZowieSeries A ($14m)H1 2022ain.capital
- More GrowthPre-Seed ($5m)H1 2022ain.capital
- Jutro MedicalSeed (lead)2021ceelegalmatters.com
- SunRoofSeed extension (lead)May 2021ceelegalmatters.com
Key people
Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.
- Tomasz Swieboda · Managing Partner
- Karol Lasota · Principal
- Michał Rokosz · Partner
Sources
- Inovo VC — official website
- Inovo.vc LinkedIn
- Inovo.vc — Crunchbase
- Inovo VC — PitchBook
- Inovo Venture Partners — Tracxn 2026
- Inovo.vc — RocketReach
- Inovo.vc — VC Sheet Fund Breakdown
- https://tracxn.com/d/venture-capital/inovo-venture-partners/__9BianVtWIPNP7-fGCyIf5A5Q1sCddZsIwDy00WqOgNQ
- https://pfrventures.pl/en/artykul/pfr-ventures-invests-new-inovo-vc-fund
- https://ain.capital/2022/08/25/inovo-vc-launches-new-100m/
- https://ceelegalmatters.com/poland/17755-kochanski-partners-advises-inovo-venture-partners-on-investment-in-jutro-medical
- https://ceelegalmatters.com/poland/16720-kochanski-partners-advises-inovo-venture-partners-vc-fund-on-acquisition-of-shares-in-sunroof
- https://startupintros.com/orgs/inovo-venture-partners
- https://www.eu-startups.com/tag/inovo-vc/
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Frequently asked
What is Inovo Venture Partners?+
Inovo Venture Partners is an early-stage VC founded in 2011, headquartered in Warsaw, Poland. The firm backs post-traction startups from Poland and the CEE region with initial tickets of €0.
Where is Inovo Venture Partners headquartered?+
Inovo Venture Partners is headquartered in Warsaw, Poland.
When was Inovo Venture Partners founded?+
Inovo Venture Partners was founded in 2011 by Tomasz Swieboda.
What sectors does Inovo Venture Partners invest in?+
Inovo Venture Partners focuses on generalist, saas, ai, enterprise. They primarily invest in these sectors.
How do I prepare for a meeting with Inovo Venture Partners?+
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