/Investors

Innova Capital Sp. z o.o.

Private equity

Warsaw · Series A–Late Stage · 5 people tracked

Also known as INNOVA/6 GP SARL

Find your way into Innova Capital Sp. z o.o.

587 people in our graph share verified history with the Innova Capital Sp. z o.o. team — schools, employers, funds. One of them is your warm intro.

Neville Teagardenunlockedknows Katarzyna Kaczmarek · together at CWT (overlapped)
×3knows the team · via KLM
×6knows the team · via Oxford Finance LLC
×2knows the team · via American Capital Strategies
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Investment thesis

Innova Capital pursues value creation for investors and entrepreneurs by targeting controlling stakes in mid-sized companies across Central and Eastern Europe. The firm aims to deliver attractive returns through a track record of profitable investments, using innovative strategies, a commitment to excellence, support for management teams and determination. It builds businesses and accelerates growth by identifying feasible, profitable opportunities and aligning complex objectives to create competitive advantages for its partners, having closely followed Poland's entrepreneurial economic growth and adapted to evolving market dynamics.

Source: firm website, verified Sep 29, 2026.

Stage
Series A–Late Stage
Check
$27M – $44M
HQ
Warsaw, PL
Leads rounds
Leads
Instruments
Equity
Founded
1994
AUM
$1.7B
Tracked investments
76
Acquisitions
1

Team · 5 people

from the firm's website & curated & public directories
Andrzej Bartos· Senior Partnerin
Leszek Muzyczyszyn· Senior Partner

Senior Partner at Innova Capital who commented on the firm's investment in and exit from OSHEE.

Katarzyna Kaczmarek· Director of Investor Relationsin

What they invest in

from 18 of 76 portfolio companies

Advanced Manufacturing ×5Consumer ×4Fintech ×4Hardware ×4New Materials ×4AI & Machine Learning ×3SaaS ×3Construction Tech ×2

HQs:Poland×11Romania×3Argentina×1European Union×1Slovakia×1

Investments · 76 tracked

founders shown can be your intro path

By year:2025 · 12024 · 22021 · 14 dated

Bielendabielendagroup.com

Cosmetic brand for face, body, and hair care (Poland)

Consumer

Marek Bielenda

BillBird SAbillbird.pl

BillBird provides financial services in Poland, including money transfer services, mobile payment solutions, and electronic invoice management.

FintechKraków, PL

Co-investorsInternet Investment Fund (IIF)

Ceramika Gresceramikagres.pl

Ceramika Gres is a Polish manufacturer of ceramic tiles, offering gres porcelain tile collections in wood, stone, and concrete styles for interior use.

Advanced ManufacturingConstruction TechNew Materials

Dimarkdimark.euinMar 2024

Dimark designs, builds and implements complete baggage handling systems for airports worldwide, offering end-to-end automation solutions for both new terminal projects and modernization of existing airport infrastructure.

Advanced ManufacturingAI & Machine LearningHardwareLogistics & Supply ChainMobility & TransportationPoland, PL

Błażej Nowakowski(Co-founder & CTO)in

Donakodonako.com.pl

Donako manufactures high-quality special products and tooling for building electrical machines, including stator, rotor and pole cores and welded structures, and provides engineering services such as hydrogenerator construction and mechanical and electrical calculations.

Advanced ManufacturingEnergyHardwareWrocław, PL

Emi Labsemilabs.aiinNov 2021

Emi builds digital infrastructure to increase access to professional opportunities for operational workers, who represent 80% of the global workforce and have been historically underserved online.

AI & Machine LearningEnterprise SoftwareFuture of WorkHR TechSaaSSector AgnosticBuenos Aires, AR

Andres Arslanian(Founder)inMateo Cavasotto(Founder)in

Co-investorsEmles Venture PartnersFiDi VenturesLorimer VenturesMerus CapitalTribeca Asset ManagementY Combinator

Emitelemitel.plin

Emitel operates the leading terrestrial radio and television broadcasting infrastructure in Poland, with a network reaching over 98% of Polish households.

HardwareIoTMedia & Entertainment

Andrzej J. Kozlowskiin

Co-investorsV4C Advisers Sp. Z.o.o.Alinda Capital Partners

Invest Europeinvesteurope.euin

Invest Europe is a membership association for the private equity and venture capital industry, offering members personalised content, training courses, and events.

Co-investorsDBAGDeutsche Beteiligungs AGInven Capital

La Fantanalafantana.ro

La Fântâna provides water and coffee services across Romania, including advanced water filtration systems, watercoolers, bottled water in reusable containers, and espresso machines.

ConsumerHardware

Marmitemarmite.eu

Marmite is a European manufacturer of washbasins, shower trays, and bathtubs made from Mineral Composite, using natural mineral materials and manufacturing technology.

Advanced ManufacturingNew Materials

NETOPIA Groupnetopia.ro

NETOPIA is a payment processor that provides online card processing, SMS payments, and mobile wallet services for merchants in Romania.

FintechSaaS

Orange Slovenskoorange.skin𝕏

Orange Slovensko is a telecommunications operator providing mobile phone plans, data packages, and related services to consumers in Slovakia.

Consumer

Co-investors3TS Capital PartnersMid Europa Partners

OSHEEoshee.eu

OSHEE produces functional beverages (sports drinks and energy drinks) designed to support hydration, performance, and active lifestyles.

ConsumerFoodTechKraków, PL

Co-investorsMid Europa Partners

PayPoint Romaniapaypoint.ro

PayPoint operates a nationwide network of payment and bill-collection points across Romania, including rural areas, and provides retail merchants with card-acceptance POS terminals, a dedicated mobile app, and personal support.

FintechRetail Tech

Polskie Stowarzyszenie Inwestorów Kapitałowychpsik.org.plin

PSIK (Polish Private Equity and Venture Capital Association) is an industry association representing and supporting the private equity and venture capital sector in Poland.

ProService Fintecopsfinteco.com

ProService Finteco provides operational services and IT solutions for investment and pension funds, insurance companies, and banks, including transfer agent services, fund accounting and valuation, corporate accounting, and managed services.

Enterprise SoftwareFintechSaaS

Tomasz Dreslerski(Management Board (Zarząd))Paweł Sujecki(Management Board (Zarząd))inEmilia Guz(Management Board (Zarząd))Przemysław Olczak(Management Board (Zarząd))Robert Pławiak(Management Board (Zarząd))in

STX Nextstxnext.com

STX Next is a software and AI consultancy that builds data pipelines, AI agents, cloud infrastructure, custom software, and product design for enterprises, focused on the industrial and financial sectors.

AI & Machine LearningCloud ComputingData & Infrastructure

Trimotrimo-group.com

Trimo provides building envelope solutions and related services for construction projects, supporting clients through the phases of a project.

Construction TechNew Materials

United Clinicsutdclinics.comin

United Clinics (UTD Clinics) is a dental service organisation that acquires and operates dental clinics across Central and Eastern Europe, handling non-clinical functions such as HR, marketing, procurement, IT, finance and compliance so clinicians can focus on patient care.

HealthtechMedical Devices

Woodecowoodeco.eu

WoodEco manufactures wood-based materials for furniture, interior finishing, and construction, and offers recycling of wood waste and post-consumer wood.

Advanced ManufacturingCircular EconomyNew Materials

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

@EntertainmentACEAMG-netArti-BauAtomic MediaBakallandBeverly Hills VideoBusinessPointCarmanCascadeCelcoinChurchillCloudFerroConfexDom Finansowy QSEastbridgeEnergisEnergobitEuronetExpanderFlokk (Profim deal)Great Plains SoftwareGrupa Wirtualna PolskaGTS + BenestraIneloInvestment Funds Depositary ServicesISON GroupKidsPlayLibertyLibetMediplastMercorMeritum / AliorMetropolis MediaMobiTel EADNeomedicNetsprint GroupNFI EmpikOffice DepotOptical Investment GroupOrange RomaniaPEKAESPhoenix PartnersPLICPolCardPolskie ePlatnosci (PeP)Prime LabelPrinciples for Responsible Investment (PRI)ProvusSTK HoldingTown & CityTutoreUnisportUnited EntertainmentVoxtel (Orange Moldova)WeNet

Exits · 1

1 acquisitions

Arti-Bauacq. by Prime Label Group

Frequently asked questions

How many investments has Innova Capital Sp. z o.o. made?
Innova Capital Sp. z o.o. has 76 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
What stage does Innova Capital Sp. z o.o. invest at?
Innova Capital Sp. z o.o. invests at the Series A, Series B, Series C, Growth, Late Stage stages.
What is Innova Capital Sp. z o.o.'s typical check size?
Innova Capital Sp. z o.o. typically writes checks of $27M – $44M.
What sectors does Innova Capital Sp. z o.o. focus on?
Innova Capital Sp. z o.o. focuses on Advanced Manufacturing, AI & Machine Learning, Consumer, Crypto & Web3, Cybersecurity, Data & Infrastructure, EdTech, Enterprise Software, Fintech, Healthtech, Media & Entertainment, Quantum Computing, Retail Tech, Sector Agnostic.
Where is Innova Capital Sp. z o.o. located?
Innova Capital Sp. z o.o. is headquartered in Warsaw, PL.
Does Innova Capital Sp. z o.o. lead rounds?
Yes, Innova Capital Sp. z o.o. leads investment rounds.
Who does Innova Capital Sp. z o.o. co-invest with?
Innova Capital Sp. z o.o. most often shares deals with Deutsche Beteiligungs AG, HOOPP private markets, Inven Capital, among 10 tracked co-investors.

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