New €90M growth fund closed by bValue

bValue, a well-established Polish investor, has successfully closed its growth fund, BVG, with a total of €90M raised from LPs, surpassing the target cap of €80M. This marks the firm’s third fund, aimed at driving the development of tech startups and scaleups not only in Poland but also across the CEE region.

During this fundraising phase, approximately half of the capital came from financial institutions such as the European Investment Fund and the Polish Development Fund. The remaining portion was contributed by private investors, including both Polish and foreign family offices.

bValue Growth stands out as a leader in providing growth equity in the region, bridging the financing gap between early-stage venture capital funds and mainstream private equity funds that focus mainly on buyouts.

Raising a third fund is a rare achievement for investment funds in Poland, but bValue managed to secure a diverse investor base, with nearly 50 percent being institutional investors and the other 50 percent comprising private investors from Poland and Western Europe.

This successful investment was made possible through the European Scale-up Action for Risk Capital program, which aims to support investments in scalable businesses.

Maciej Balsewicz, the Founder and Managing Partner at bValue, expressed gratitude for the confidence investors have shown in the firm. He highlighted the significant support from the European Investment Fund, which greatly facilitated the acquisition of additional investors during the Fund’s first closing.