Polish VC firm Movens Capital launches €60M Fund II to back Central European tech startups

Warsaw-based venture capital firm Movens Capital has announced the launch of its second fund with a €60M commitment to invest in Central and Eastern European tech startups. As of mid-2025, the fund has secured €40M in commitments.

The multi-stage fund has attracted backing from prominent institutional investors, including the European Bank for Reconstruction and Development (EBRD) and Poland’s PFR Ventures. 

This support is further strengthened by more than 80 individual investors, many of whom are successful tech entrepreneurs and experienced industry operators from the region.

Investment strategy and target markets

Fund 2 will deploy capital across approximately 30 investments throughout Central and Eastern Europe, including Poland, the Balkans, and other regional markets, as well as supporting diaspora founders building global companies. 

Investment sizes will range from €250,000 to €3M, spanning pre-seed through Series A+ stages.

The fund plans to lead most of its investment rounds, with particular emphasis on Series A and growth-stage investments where capital scarcity is most acute. Around 10 Series A+ rounds are planned to be led by Movens directly.

The fund will concentrate investments across enterprise software, healthcare technology, fintech, climate tech, education technology, e-commerce infrastructure, and the future of work sectors. 

Artificial intelligence-driven solutions receive particular emphasis, reflecting the team’s expertise in AI and machine learning applications.

The fund launch addresses a challenge facing the CEE tech ecosystem. Artur Banach, Managing Partner at Movens Capital, says, “This region never lacked talent. What’s missing is the capital and operational support needed to turn early traction into global growth. Movens Capital is the launch pad for ambitious CEE founders aiming for global leadership.”

“As former tech entrepreneurs, we actively support portfolio companies with meaningful operational expertise and strategic guidance. Backed by a uniquely engaged community of top-tier tech executives and advisors, we leverage their deep industry experience and networks to help founders rapidly scale and achieve lasting success globally.”

Institutional and industry support

The fund’s backing from EBRD reflects the development bank’s broader commitment to strengthening venture capital ecosystems across emerging markets.

Anne Fossemalle, Director, Equity Funds at the EBRD, says, “We are delighted to back Movens’ new fund and help empower the next generation of tech founders in Central and Eastern Europe.”

“Supporting the growth of the venture capital and private equity ecosystem is a key priority for the Bank in the region, and we are confident that this partnership will scale up new innovative and high-potential companies.”

PFR Ventures, which previously supported Movens’ inaugural fund through EU-funded programmes, continues its collaboration through balance sheet-financed investments. 

Bartłomiej Samsonowicz, Investment Director at PFR Ventures, mentions, “Following our support for Movens Fund 1 under the EU-funded programme, we are pleased to continue our collaboration with Movens Fund 2 through our balance-sheet-financed fund of funds.”

“Movens’ team has consistently demonstrated a high level of professionalism in both their investment processes and investor relations. We are confident that they will play an important role in addressing the financing gap for innovative startups across multiple stages.”

Track record drives Fund 2 deployment

Movens’ first fund has demonstrated strong performance, with portfolio companies securing over €110M in follow-on funding, representing more than 8x the original fund size. 

The firm’s portfolio includes companies such as Alokai (formerly Vue Storefront), AI companies SKY ENGINE AI and Talkie.ai, healthcare platform Doctor.one, and successful exits including Packhelp and Fenige.

Portfolio companies have attracted investment from internationally recognised VC firms and completed strategic acquisitions, demonstrating the fund’s ability to help regional startups achieve global scale. 

Movens has already begun deploying Fund 2 capital, with initial investment announcements expected this summer. The fund will prioritise sectors where CEE founders demonstrate competitive advantages, particularly in AI-native infrastructure, embedded financial services, and climate resilience technologies.

The launch represents a significant capital injection into a region hosting over 26,000 startups, but where fewer than 10 per cent secure venture capital funding annually. 

With institutional backing and an extensive network of successful tech entrepreneurs, Movens Capital aims to become a key catalyst for addressing the CEE funding gap and unlocking the region’s technological potential.