bValue, a seasoned investor from Poland, has closed its growth fund, BVG. The third fund of bValue raises €90 million from limited partners, surpassing the €80 million target. The company spearheads the growth of tech startups and scaleups in Poland and the CEE area.
Financial organisations, such as the Polish Development Fund and the European Investment Fund, provide almost half of the funds raised during this phase. Private investors, notably Polish and foreign family offices, provided the remaining funds.
In the area, Value Growth is a pioneer in growth equity providing. It aims to bridge the funding gap between buyout-focused private equity firms and venture capital funds, which make early investments.
Read also - Barcelona-based Factorial Secures $80Million in Funding
RECOMMENDED FOR YOU
Flinn.ai funding news – Vienna-based Flinn.ai Raises €10 Million in Funding
Team SR
Oct 1, 2024
In Poland, investment funds seldom manage to establish a third fund. Approximately half of BVG's investor base is made up of institutional investors, with the remaining 50% being private investors primarily from Western Europe and Poland.
Maciej Balsewicz, Founder and Managing Partner at bValue said, “We appreciate the confidence that investors have placed in us. It is particularly satisfying to see the significant vote of confidence from the European Investment Fund at the first closing of the Fund, which greatly facilitated the acquisition of further investors.”
About bValue
Growth equity investment firm bValue Fund specialises in working with IT and tech-enabled companies in Central and Eastern Europe. The Fund consistently aligns its interests with exceptional founders by investing in two separate strategies: seed and growth.