# Top 25 Medical Device Startup Investors in Poland in June 2026 ## Aligo Venture Capital - Type: VC Fund - Location: Tczew, Pomorskie, Poland - Relevant deals: 4 - Stages: Seed, Pre-Seed - Focus: Health Care, E-Commerce, Medical Device Aligo is a group of experts with extensive expertise in capital investments, research and development project funding, and the commercialization of innovative goods. Aligo's business is investing in early-stage companies (start-ups / early stage), which have already assembled a project team and secured their first clients. ## Chiratae Ventures - Type: VC Fund - Location: Bangalore, Karnataka, India - Relevant deals: 3 - Stages: Series A, Seed, Series B - Focus: Software, Internet, E-Commerce Chiratae Ventures is a global network of venture capital funds with approximately $3.6 billion under management and a portfolio of over 220 companies built over the last 15 years. The Chiratae Ventures network is comprised of five independent partnerships managing funds in North America and Asia. Each partnership makes investments on behalf of itslimited partners, including International Data Group (IDG), the world's largest IT media company. By combining the IDG platform – an unparalleled combination of global publishing, market research (IDC), and conferences and exhibition resources – with years of hands-on experience in early-stage company building, each Chiratae Ventures fund helps companies understand their markets better and penetrate them faster than their competition.With partnerships in the USA, Korea and multiple locations throughout China, India and Vietnam, the IDG Ventures network offers the international perspective and the local market expertise to help companies grow from start-ups to global success stories. ## National Center for Research & Development - Type: VC Fund - Location: Warszawa, Mazowieckie, Poland - Relevant deals: 3 - Stages: Grant, Seed, Pre-Seed - Focus: Artificial Intelligence, Software, Machine Learning The National Research and Development Centre is an executive agency of the Minister of Science and Higher Education. It was established in summer 2007 as a unit realizing the tasks of scientific, scientific-technical and innovation policy. At the time of inception was the first unit of this type, created as a platform for effective dialogue betweenscience and business environment. Currently it operates under the Act of 30 April 2010 by the National Centre for Research and Development (Dz. U. 2010, No. 96 item. 616). Introduced in autumn 2010 reform of the science center has allowed greater freedom in disposing financial resources, within the framework of the strategic research agenda. An additional 1 September 2011, NRDC has expanded the scope of its activities with new initiatives and opportunities. Taking over from the Ministry of Science and Higher Education function of the Intermediate in three operational programs: Human Capital, Innovative Economy and Infrastructure and Environment, has become one of the largest centers supporting innovation in Poland. The Centre is funded by the Treasury and European Union funds. ## Sunfish Partners - Type: VC Fund - Location: Warsaw, Mazowieckie, Poland - Relevant deals: 3 - Stages: Seed, Pre-Seed - Focus: Software, Artificial Intelligence, Information Technology Sunfish Partners is an early stage VC that invests in Polish deep tech startups. ## SpeedUp Venture Capital Group - Type: VC Fund - Location: Poznan, Wielkopolskie, Poland - Relevant deals: 2 - Stages: Seed, Pre-Seed, Series A - Focus: Software, SaaS, Artificial Intelligence We are a group of venture capital funds, investing in enterprises in an early stage of development. Areas of our interest include enterprises and entrepreneurs in Central and Eastern Europe, who want to conquer the global market by utilizing their self-developed solutions. Our cooperation with companies is based on a 3-8 years investment horizon.We're looking for innovations from areas such as: consumer internet, electromobility, energy, fintech, martech, adtech, medtech, IoT and hardware. We're interested in technologies like Machine Learning, Picture Recognition and Artificial Intelligence. ## LSI (Life Science Innovations Fund) - Type: VC Fund - Location: Bialystok, Podlaskie, Poland - Relevant deals: 2 - Stages: Pre-Seed, Seed - Focus: Health Care, Medical Device, Personal Health LSI is a pre-seed and seed stage venture capital in Poland. We invest in early-stage start ups in life science domain. We mainly focus on healthcare, environmental protection, biotech and medtech. We are a team of passionate people whose goal is to improve everyone’s life and make the world a better place. ## LKCM Headwater - Type: VC Fund - Location: Fort Worth, Texas, United States - Relevant deals: 2 - Stages: Series A, Private Equity - Focus: Gaming, Medical, Railroad LKCM Headwater Investments is a Texas-based private investment partnership that seeks to partner with management teams to build highly successful companies. They take an operationally-minded approach and provide companies with the tools necessary to build market leaders with sustainable competitive advantages. Their investment discipline is derivedfrom several decades of investing capital for their partners and ourselves. LKCM, their investment team, affiliates and related parties collectively represent approximately 30% of their committed capital, demonstrating both a passion for and belief in their efforts.LKCM Headwater is an affiliated entity of Luther King Capital Management, an SEC-registered investment firm established in 1979 with over $14.1B of AUM, 48 investment and other professionals and 81 employees*. LKCM’s proven investment discipline centers on a long-term focus of investing in well-managed companies that demonstrate an ability to re-invest cash flows into high return investment opportunities. LKCM maintains a client and employee centric culture which facilitates their ability to empathize with the challenges faced by many operators. Along with an in-house investment research team, LKCM provides LKCM Headwater with a network of pre-existing relationships, as well as back-office, legal, compliance and tax resources. ## Story Ventures - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 2 - Stages: Seed, Series A - Focus: Information Technology, Health Care, Software Story is an early-stage venture fund based in NYC that invests in entrepreneurs with big visions leveraging technology and the proliferation of data to change the way people interact with the world. ## Joyance Partners - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 2 - Stages: Seed, Series A, Pre-Seed - Focus: Health Care, Biotechnology, Wellness Joyance Partners invests in companies that, through science and tech, cultivate joy to improve how we live, focusing on the health and consumer sectors from Pre-Seed to Series A. ## Manta Ray Ventures - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Software, Health Care, Biotechnology Manta Ray Ventures is an early-stage venture capital fund backing mission-driven founders that provides flexible and patient capital, leveraging time, resources, and networks resources and networks as far as possible to support its portfolio companies. ## Programa - Type: VC Fund - Location: Poznan, Wielkopolskie, Poland - Relevant deals: 1 - Stages: Pre-Seed - Focus: Fitness, Health Care, Medical Device Programa™ software house create bespoke, non-standard web solutions for companies that want to automate, optimise and streamline daily work. ## Movens Capital - Type: VC Fund - Location: Warsaw, Mazowieckie, Poland - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Artificial Intelligence, Machine Learning Movens Capital manages two funds (early-stage VC and growth equity). Movens VC is oriented on supporting Polish/CEE tech ## Maciej Frankowicz - Type: Angel - Location: Wroclaw, Dolnoslaskie, Poland - Relevant deals: 1 - Stages: Pre-Seed, Seed - Focus: Artificial Intelligence, SaaS, Medical Maciej Frankowicz is the CEO and Partner at Shape.vc. He is also an Investor in AdTonos, Scanye, Sherlock Waste, and Aether Biomedical. Prior to that, he was the Business Developer and co-founder of AudioTrip. ## AIP Seed - Type: VC Fund - Location: Warsaw, Mazowieckie, Poland - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: E-Commerce, SaaS, Software Our goal is to be the first investor in top CEE startups. Get in touch if you are at day one of building a global tech company. With more than 110 investments, AIP Seed is the largest fund in Poland and among the largest in CEE. ## TDJ Pitango Ventures - Type: VC Fund - Location: Warsaw, Mazowieckie, Poland - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Analytics, E-Commerce, Artificial Intelligence We invest using the smart money formula in projects with global potential. Get financing for your startup and develop under the supervision of our experts! ## Next Road Ventures - Type: VC Fund - Location: Warsaw, Mazowieckie, Poland - Relevant deals: 1 - Stages: Seed, Pre-Seed, Convertible Note - Focus: Software, E-Commerce, Machine Learning We are a polish VC fund backed by the global business angels. Our sweet spot is European early stage companies founded by visionary entrepreneurs who aim to become global winners in their respective industry. Together with our affiliates, CEE Business Angel Network, leading European deal flow platform Vestbee as well as our global network of VCfunds and corporate partners, we support our companies with the relevant network, expertise, resources and funds to help them expand to new markets. Next Road Ventures in a nutshell: GEOGRAPHY - Europe with a strong focus on Central & Eastern Europe; ROUNDS - seed, pre-series A, series A; STAGES - product on the market (at least MVP), revenue or growing traction; SECTORS - multi-sector with a preference on ICT, Big Data, SaaS, Martech, Fintech, Industry 4.0, IoT, e-commerce etc.; TICKET - up to 1M EUR ## LT Capital - Type: VC Fund - Location: Krakow, Malopolskie, Poland - Relevant deals: 1 - Stages: Seed, Pre-Seed, Angel - Focus: Software, Internet, SaaS We are:Industry 4.0 seed fund. Typically, we invest around EUR 250K. If necessary, we are able to bring top-tier co-investors to the table if a bigger ticket is needed.Founder-centric. Few VC's understand that founders are the ones that run the companies. We are there to help, not to replace.Heavily networked. With contacts across theglobe, we are the bridge between great companies from the CEE and bigger funds and clients from rest of the world.Focused on CEE. In the upcoming years we will invest in around 40 companies in Central and Eastern Europe, with Poland being the main site of our investments. ## J2 Ventures - Type: VC Fund - Location: Boston, Massachusetts, United States - Relevant deals: 1 - Stages: Seed, Series A - Focus: Artificial Intelligence, Software, Information Technology J2 Ventures operates as a venture capital firm. J2 Ventures is focused on leading-edge technology with dual-use applications to national security and the commercial sector ## National Center for Research and Development - Type: VC Fund - Location: Warszawa, Mazowieckie, Poland - Relevant deals: 1 - Stages: Grant, Seed, Pre-Seed - Focus: Machine Learning, Artificial Intelligence, Big Data The National Centre for Research and Development is the implementing agency of the Minister of Science and Higher Education. It was appointed in the summer 2007 as an entity in charge of the performance of the tasks within the area of national science, science and technology and innovation policies. When if was founded, it was the first entity ofthis type, created as the platform of an effective dialogue between the scientific and business communities.Currently, it operates under the Act on National Centre for Research and Development dated 30 April 2010 (Journal of Laws from 2010, No. 96 item 616). The science reform adopted in the autumn 2010 gave the Centre more freedom to manage its financial assets, within the scope of a strategic research programme.In addition, the National Centre for Research and Development extended its activity with new initiatives and possibilities on 1 September 2011. Assigned by the Ministry of Science and Higher Education the function of the Mediation Institution in three operational programmes: Human Capital, Innovative Economy and Infrastructure and Environment, the Centre became one of the greatest innovation centres in Poland. The activity of the Centre is funded by the national treasury and the European Union. ## Bas Godska - Type: Angel - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Pre-Seed, Seed, Angel - Focus: Software, E-Commerce, Artificial Intelligence Founder Acrobator Ventures, Tech Investment Fund. Founder Acrobator.com, growth hack and marketing advisory firm. Co-Founder Netherlands for Ukraine Foundation (NL4UA.org) supporting Ukrainians affected by the war since 2022. Digital Dutchman, entrepreneur-turned-investor. eCommerce expert, growth hacker and marketeer since 2000. Assisted 100+companies worldwide as CMO, MD, board advisor, consultant. Ranked #1 Foreign Angel Investor in Russia (EWDN); Top 10 Angel Investor (Firrma.ru/SLON), Crunchbase: #1 Dutch (2019) & Top 50 EU angel investor. Techcrunch / Crunchbase: "Bas Godska is one of the most prolific Western investors in Eastern Europe." Bas' Angel Fund (>EUR 100mn AUM) ranked by PitchBook as #2 in success by IRR (2021). Top 50 SuperAngel worldwide (Arete Index, 2024-25)Roles Europe/Russia/CIS (2003-2019): CMO lastminute.com ; Country Manager Sportingbet ; CMO Europe Ebookers.com / Orbitz.com ; MD Gogol Media. CMO / dep. CEO Ozon.ru ; VP Marketing Gloria Jeans ; CMO Lamoda.ru (Rocket Internet) ; CMO Digital KupiVIP.ru ; eCommerce Director a.i. Enter | Svyaznoi ; MD myThings.com ; Guest Lecturer Digital Marketing at Skolkovo MSM MBA (2013), Guest lecturer Stanford IGC Exec MBAAngel investor in decacorn Miro, Harver (exit to Rubicon PE), Chocofamily, Piano. Bas' angel investments (~50) have helped founders raise over $1 billion from investors like Iconiq, Accel, Insight, Salesforce, Google, YC, and Techstars. The combined market cap of these companies, based on their latest funding rounds, is ~$20 billion. As a VC/LP Bas invested in 400+ companies including 20+ unicorns. ## Elevate Ventures - Type: VC Fund - Location: Indianapolis, Indiana, United States - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Software, Health Care, Information Technology Elevate Ventures is an active participant in shaping the future of Indiana. We invest in cross-sector innovation-driven companies. ## Shape VC - Type: VC Fund - Location: Kraków, Malopolskie, Poland - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Artificial Intelligence, Robotics A new tool that blends your everyday work apps into one. It's the all-in-one workspace for you and your team ## Turenne Capital - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 1 - Stages: Series A, Private Equity - Focus: Software, Biotechnology, Medical Turenne Capital is an independant private equity management company, with 4 offices in France : - Paris - Lyon - Marseilles - Lille (joint-venture). Since 1999, Turenne Capital has been taking significant minority or majority equity stakes alongside entrepreneurs who operate SMEs with revenues ranging from €5 million to € 100 million. Itinvests between €1 million and €10 million per transaction. Turenne Capital manages/advises more than € 500 million. 32 people, among which 21 investors work in the Group. ------------------------------------------------------------------------------ Turenne Capital est une Société de gestion indépendante spécialisée en capital investissement. Turenne Capital accompagne depuis 1999 des entrepreneurs dans leur développement et la transmission de leur société et est implantée à : - Paris - Lyon - Marseille - Lille (filiale) Les tickets d'investissement vont de '1 à 10 millions d'euros en minoritaire et majoritaire dans des PME de 5 à 100 M€ de Chiffre d'affaires. Le Groupe Turenne Capital compte 32 professionnels dont 21 investisseurs, et gère/conseille plus de 500 M€ confiés par des institutionnels et des particuliers. ## FundingBox Deep Tech Fund - Type: VC Fund - Location: Warsaw, Mazowieckie, Poland - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, Artificial Intelligence, B2B FundingBox Deep Tech Fund provides funding to companies from the technology industry. It offers investment to early-stage organizations. FundingBox Deep Tech Fund was founded in 2020 and is based in Warsaw, Poland. ## Bhavik Bajaj - Type: Angel - Relevant deals: 1 - Stages: Pre-Seed, Seed, Angel - Focus: Information Technology, Software, FinTech Bhavik Bajaj