Last year, the pandemic forced companies to change the way they operate and it also affected the economy of countries around the globe. However, we witnessed that companies didn’t find it difficult to raise investments for their businesses, in most sectors. Similarly, the Polish VC Market didn’t budge due to the pandemic. In fact, 2020 is said to have been a record year for Poland, with over 300 companies funded and the overall investment value reaching €477M.
Last year was fraught with an uncertain market environment for Poland with a low second quarter due to the COVID-19 pandemic. However, it showcased a 70 per cent year-on-year increase in VC investments. This, and a lot more, is revealed by an annual report summarising transactions on the Polish VC market, which is prepared by PFR Ventures, and VC fund Inovo Venture Partners. Here are 5 points as to why 2020 was a record year for the Polish VC market.