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Top Funding Rounds in Poland in H1 2024 – Eleven Labs Becomes the New Unicorn

Eleven Labs Team
Image credit: Eleven Labs Team
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Poland is one of Eastern Europe’s best countries for establishing a startup according to Startup Blink. Poland’s startup scene remained stable in 2023 in the 33rd position in the global ranking, and 4th in the regional one. Poland is home to over 3K startups, and an increasing number of VC firms, currently with 210 active ones.

Poland is one of the CEE countries with the highest number of unicorns. This year, Eleven Labs joined the ranks. 

Who’s next in line? Take a look at the most significant funding rounds from Polish companies in H1.

 

  1. Eleven Labs

Latest round: €80M

Stage: Series B

Total funding: €92M

Investors: Andreessen Horowitz, SV Angel, Sequoia Capital, Credo Ventures, Nat Friedman, Daniel Gross, BroadLight Capital and Smash Capital

Founder: Piotr Dąbkowski and Mateusz Staniszewski

Vertical: AI

About: Text-to-speech and AI voice generator. 

 

  1. SmartLunch Poland

Latest round: €14M

Stage: Early VC

Total funding: €15.10M

Investors: Benefit Systems

Founder: Mateusz Talpasz

Vertical: FoodTech

About: A platform dedicated to organizing meals for employees at the workplace with funding from the employer.

 

  1. Quantum Innovations 

Latest round: €9.5M

Stage: Convertible

Total funding:  €9.6M

Investors: Vinci Venture Capital

Founder: Grzegorz Suwalski

Vertical: HealthTech

About: Cardiac acidosis detected by Heart Guard in first preclinical study.

 

  1. Campus AI

Latest round: €9.15M

Stage: Pre-seed

Total funding: €9.15M

Investors: Maciej Zientara

Founder: Aureliusz Górski

Vertical: EdTech

About: A platform aiming to help businesses and individuals use AI in a more efficient way.

 

  1. Saleor Commerce

Latest round: €6.7M

Stage: Seed

Total funding: €9.5M

Investors: Zalando, Target Global, Kevin Patrick Mahaffey, Revolut, Cherry Ventures, TQ Ventures and Auto1

Founder: Mirek Mencel

Vertical: e-commerce, B2B

About: An open-source e-commerce platform.

 

  1. Edrone

Latest round: €4.6M

Stage: Early VC

Total funding: €9.9M

Investors: Müller Medien, PortfoLion, Inventures and Atmos Ventures

Founder: Michal Blak and Rahim Blak

Vertical: MarTech

About: Edrone creates marketing automation and CRM systems specifically tailored for e-commerce businesses.

Read more:  Bulgarian Evrotrust Secures €3.3M Investment to Expand Digital Identity Solutions Across Europe

 

  1. SP Tech Solutions

Latest round: €3M

Stage: Seed

Total funding: €4M

Investors: Vinci Venture Capital

Founder: Piotr Sikorski

Vertical: TravelTech

About: A company that implements projects aimed at the railway sector and its support.

 

  1. Bioceltix

Latest round: €2.5M

Stage: IPO

Total funding:  €3.3M

Investors: Government of Poland and Polish Agency for Enterprise Development

Founder: Lukasz Bzdzion

Vertical: HealthTech

About: A company developing biopharmaceuticals based on stem cells.

 

  1. Proofs 

Latest round: €2.4M

Stage: Pre-seed

Total funding: €2.4M

Investors: Earlybird Venture Capital, RTP Global, Expeditions Fund and Step Function Ventures

Founder: Bartek Pucek and Zbigniew Sobiecki

Vertical: SaaS

About: A company using AI agents to accelerate the proof-of-concept phase in software sales.

 

  1. Livespace

Latest round: €2.3M

Stage: Seed

Total funding: €2.9M

Investors: Inventures

Founder: Marcin Stanczak, Michal Skurowski and Michal Szkodzinski

Vertical: SaaS

About: A process-focused CRM platform for B2B sales teams.

 

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https://therecursive.com/author/teodoraatanasova/

Teodora Atanasova is a News Editor at The Recursive. She covers everything around funding rounds, exits, startups expanding to international markets, big tech opening R&D in CEE, meaningful for the ecosystem partnerships.