If 2024 was defined by its consistency for Polish startups, 2025 will be remembered as the year the Polish startup ecosystem shifted from a promising regional player to a global heavyweight. While 2024 saw the birth of ElevenLabs as a unicorn and a steady flow of ~€500M across the market, 2025 has completely rewritten the playbook.
Starting of with the “astonishing” Series C from ElevenLabs in the first half of the year.
By the end of 2025, it became clear that the cautious approach of late 2024 had evolved into a high-stakes for Polish startup ecosystem. We are no longer just seeing a high volume of rounds; we are seeing that allow Polish-founded companies to compete for global leadership.
The top 15 rounds now represent a significantly higher percentage of total capital than in previous years. We’ve moved from a “stabilizing” ecosystem to one where winners like ElevenLabs, Spacelift, and Nomagic are attracting world-class Silicon Valley and European investors (a16z, Khosla Ventures, Insight Partners). In 2024, many industries were still “developing stability.” In 2025, we see deep tech, robotics, and defense taking center stage.
Below, you can find the 15 biggest funding rounds in Polish startups for 2025, along with key details about them. Check the rest of the Central and Eastern Europe 2025 mappings here.
This article is part of the CEE funding mapping series, done with the support of the Dealigence platform. Please feel free to contact us if we missed something: [email protected].
ElevenLabs
About: Develops AI audio models that generate realistic speech and sound effects, making technology accessible for creating and localizing content in various industries such as entertainment, social media, and healthcare.
Founders: Mati Staniszewski, Piotr Dabkowski
Vertical: Voice AI, Multimedia
Latest round: $180M (€156.60M)
Stage: Series C
Investors: Andreessen Horowitz; SV Angel; NTT DOCOMO Ventures; Smash Capital; Concept Ventures; Valor Capital Group; World Innovation Lab; Credo Ventures; Creator Ventures; Disney Accelerator; BroadLight Capital; ICONIQ Growth; LG Technology Ventures; Flat Capital; New Enterprise Associates
Total funding: €244.47M
Spacelift
About: A management platform for Infrastructure-as-Code (IaC) that helps DevOps teams automate and scale cloud infrastructure. It provides a CI/CD layer specifically designed for tools like Terraform, Pulumi, and Kubernetes.
Founders: Paweł Hytry and Marcin Wyszyński
Vertical: Development, DevOps
Latest round: €43.6M in July 2025
Stage: Series C
Investors: Five Elms Capital, Endeavor, Inovo Venture Partners, Insight Partners, Blossom Capital, and Hoxton Ventures.
Total funding: ~€63M
Nomagic
About: Provides smart pick-and-place robotic systems that utilize AI and robot control software for efficient order fulfillment in warehouses, adapting to various environments for receiving, storing, sorting, and packing products.
Founders: Kacper Nowicki (CEO); Marek Cygan; Tristan d’Orgeval
Vertical: Retail, Robotics
Latest round: $35M + $8.8M Debt Financing from EIB (total: $44M > €38.28M)
Stage: Series B
Investors: Manta Ray Ventures; Evolution VC Partners; Almaz Capital; Khosla Ventures; DN Capital; Capnamic Ventures; Hoxton Ventures; EBRD; EIB
Total funding: €72.43M
Jutro Medical
About: Provides advanced sports data and immersive content through Computer Vision and AI, enabling organizations to enhance analysis, improve engagement, and create new revenue opportunities from sports events.
Founders: Adam Janczewski
Vertical: Health
Latest round: €36.00M
Stage: Series A
Investors: Warsaw Equity Group, Vinci, naturalX Health Ventures, Fluent Ventures, Aternus, Kogito Ventures, Inovo.vc, RIO ASI, KAYA VC, Market One Capital, mBank, Rheingau Founders, Orbit Capital
Total funding: €44M
Trasti
About: A digital-first insurtech company that combines advanced underwriting technology with a lean operational model. It specializes in motor insurance, offering instant quotes and a fully online claims process.
Founders: Artur Olech, Janusz Wojtas, and Tomasz Kasprzak
Vertical: Insurance
Latest round: €20.1M in July 2025
Stage: N/a
Investors: European Bank for Reconstruction and Development (EBRD), Triglav Group, and Movens Capital
Total funding: €20.1M
Proteine Resources
About: Protein Resources is specializing in insect-based protein and bioactive compounds for premium pet nutrition and animal feed. They utilize AI-driven, fully autonomous “alternative protein factories.
Founders: Konrad Włodarczyk and Bartłomiej Roszkowski
Vertical: BioTech, Agriculture
Latest round: Nearly €12M in July/November 2025 (including a €9.5M EIC grant/equity package)
Stage: Seed
Investors: Radix Ventures, European Innovation Council (EIC), SMOK Ventures, and Bitspiration Booster VC
Total funding: ~€13.4M
Fudo Security
About: Delivers advanced Privileged Access Management (PAM) solutions for CISOs and remote access managers, enabling rapid deployment within 24 hours. The system utilizes behavioral analysis, machine learning, and AI for threat detection and offers continuous monitoring and session recording across multiple protocols.
Founders: Patryk Brożek; Paweł Dawidek
Vertical: Cybersecurity
Latest round: €9M
Stage: Early VC
Investors: bValue Fund
Total funding: €9M
Ingenix.ai
About: Develops a foundation model for clinical trials utilizing various types of biological data, including genomic and imaging information.
Founders: Piotr Surma (CEO), Adam Dancewicz
Vertical: Health
Latest round: €9M
Stage: Seed
Investors: Inovo.vc; IFC InfraVentures; OTB Ventures
Total funding: €9M
SR Robotics
About: A Katowice-based deep tech company focused on underwater robotics. They develop autonomous and remotely operated vehicles (AUVs/ROVs) for maritime security, hull cleaning, and offshore wind infrastructure inspection.
Founders: Tomasz Hartwig
Vertical: Robotics, Deep Tech, Maritime
Latest round: €8.5M in July 2025
Stage: Growth
Investors: Vinci S.A.
Total funding: €8.5M
Wealthon
About: Fintech developing an ecosystem of digital financial solutions for small and medium-sized businesses.
Founders: Aleksander Majchrzak (CEO), Aleksander Przetakiewicz
Vertical: Finance
Latest round: PLN 31 million (€7M) equity + PLN 500 million (€118M) debt funding
Stage: Growth
Investors: 3TS Capital Partners; Fortress Investment Group; 4growth VC; CVI; NCBR Investment Fund
Total funding: €237.99M
Fluence Technology
About: A manufacturer of high-performance, all-fiber femtosecond lasers. Their technology is used in industrial micro-machining, medical device manufacturing, and electronics (smartphones/smartwatches) due to its high stability and maintenance-free design.
Founders: Dr. Michał Nejbauer (CEO), Tomasz Kardaś and Piotr Skibiński.
Vertical: Deep Tech, Hardware
Latest round: €6.6M in August 2025.
Stage: Seed
Investors: Vinci S.A., Radix Ventures, JR Holding, Altamira, Vigo Ventures, and Bitspiration Booster VC.
Total funding: ~€7M
Orbotix
About: A defense tech startup developing next-generation AI-powered autonomous drone systems. They focus on drone swarming solutions and modular aerial defense systems for the European Eastern Flank.
Founders: Sebastian Straube (Poland) and Bogdan Ochiana (Romania)
Vertical: Defense, UAV
Latest round: €6.5M in October 2025
Stage: Seed
Investors: Bravo Victor Venture Capital (BVVC), Gustav Söhne Verwaltung, and Leryon Global Holdings
Total funding: €7M
sun.store
About: B2B marketplace for solar components. It connects PV installers with wholesalers, providing transparency in pricing, real-time availability of solar panels and batteries, and cross-border logistics.
Founders: Agata Krawiec-Rokita (CEO), Jedrzej Orkisz, Bartosz Majewski
Vertical: CleanTech
Latest round: €6M in September 2025.
Stage: Seed
Investors: Contrarian Ventures, Market One Capital, Movens Capital, FJ Labs, Push Ventures, and Aidiom
Total funding: €6M
Bethink
About: Poznan-based edtech startup that develops e-learning platforms. It combines technology, educational publishing, and direct learning experiences to create customized educational materials using atomic content technology and social learning features.
Founders: Dariusz Chrapek, Adam Karmiński
Vertical: Education
Latest round: PLN 25 million (€5.9M)
Stage: Early VC
Investors: TDJ Venture, Paweł Maj (Polish angel investor)
Total funding: PLN 25 million (€5.9M)
Doctor.one
About: Platform that enables asynchronous, relationship-based care for chronic patients. It allows doctors to set up subscription-based digital practices, facilitating continuous communication through a mobile app to improve treatment adherence and patient engagement without overloading medical schedules.
Founders: Maciej Malenda (CEO) and Tomasz Rudolf
Vertical: Health
Latest round: €4M in September 2025.
Stage: Seed
Investors: YZR Capital, Impact Ventures, Atlantic Labs, Movens Capital, Smartlink Partners, and Vesna Capital
Total funding: ~€7.8M
Other relevant Polish startup & investor news for 2025
Expeditions Ventures successfully reached a first close of €100 million for its Fund II in late 2025. The fund is notably backed by the NATO Innovation Fund (NIF) and PFR Ventures, focusing on deep tech, dual-use technologies, and defense.
Movens Capital officially launched Movens Fund 2 with a €60 million target (securing €40 million in its initial closing). Backers include the EBRD, PFR Ventures, and a group of over 80 private tech founders. It targets CEE startups from Pre-Seed to Series A+.
PFR Ventures has backed four new investment vehicles, including Betacluster Ventures, Cofounder VC, Stelo Ventures, and VO2 Ventures, providing a total of €46.3 million of the nearly €62 million available to finance Polish startups at various stages of growth.
Spire Capital Partners, the first entirely new Polish private equity fund launched in over ten years, has successfully closed fundraising for its debut vehicle at €90 million. The fund secured commitments from a blend of institutional and private backers, including EIF, the Polish Development Fund (PFR), EBRD, and a range of Polish family offices and individual investors. Spire Capital was founded in 2021 by industry veterans Krzysztof Konopiński, Arkadiusz Podziewski, and Łukasz Wierdak, who together bring over four decades of private equity experience.
Auxilius Pharma, a cardiovascular-focused biotech company with Polish roots, secured $4 million (€3.7M) in Series A funding in December 2025. The round, which included participation from ff.VC, NIF ASI, and NanoGroup SA, will accelerate the clinical development of their lead candidate, AUX-001, for treating chronic stable angina.
San Francisco-based Wearlinq, led by Polish co-founder Konrad Morzkowski, raised $14 million (€13M) in Series A equity along with $5 million in venture debt in late 2025. Led by AIX Ventures with participation from Polish fund SmartLink Partners, the investment supports the national scaling of eWave, the world’s first clinical-grade wearable 6-lead EKG.
Czech digital mental health provider Hedepy has acquired HearMe, a Polish platform specializing in workplace mental health support. The deal aims to claim Hedepy’s position as the largest online psychotherapy platform in Central and Eastern Europe. The combined services will be offered under a new Hedepy for Business line, which will include therapy for employees, mood measurement tools, webinars, and educational content to strengthen workplace well-being.
