bValue, a Polish growth equity firm, has announced the closure of a new €90 million Growth Fund focused on investments in scaleups from Poland and the CEE region. bValue Growth Fund (BVG) was supported by the European Investment Fund (EIF).
- Founded in 2016 by Maciek Balsewicz, bValue is a growth equity firm focused on high-growth and profitable companies in the CEE region. In the interview for AIN, Maciek Balsewicz said that bValue aims to invest in companies that look for full exit within 3-5 years and want to achieve profitable growth without further outside financing.
- The firm has been managing a €100 million growth equity fund for entrepreneurs in CEE and an early-stage fund of €20 million. They have already made 36 investments and exited 12 companies. Its portfolio includes companies like Tidio, More Growth, Spin.ai, Aggero, Your KAYA.
- bValue Growth is bValue’s third and largest fund. BVG aims to invest sums of €5 million — €15 million in a single ticket for an equity stake of 20-40%. In addition, it will also acquire majority stakes. The fund is focused on fast-growing companies from CEE with a significant technological component.
bValue’s strength lies in using the language of technology to build strong relationships with entrepreneurs. Our experience and organizational culture enable us to act as a valuable minority partner capable of adding tangible value,
Maciek Balsewicz, bValue Fund Managing Partner, says.
Roughly half of the capital raised during this phase comes from financial institutions, including the European Investment Fund and the Polish Development Fund. The rest of the capital came from private investors, including Polish and foreign family offices. It was also made possible via the European Scale-up Action for Risk capital (ESCALAR) programme which supports investments in scaleups.
