WE RAISE THE PERFORMANCE CEILING OF CAPITAL AND BUSINESS VALUE

OUR GOAL IS MAXIMUM PERFORMANCE AND MAXIMUM VALUE

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We invest in startups that answer real market needs with high growth potential and global reach.

By providing capital, operational experience, and access to our network, we tangibly support the development of companies.

Our mission is to turn innovative ideas into mature, scalable businesses.

Offer
VO₂ Ventures

01

Equity investments up to PLN 5 million with an option to increase commitment in round A

02

Active strategic support for companies

03

Preparing the company for subsequent investment rounds

04

Access to industry and financial investors

BioTech

Biotechnology and medical solutions

Medical Devices
Digital Health
Life Sciences

AI

Artificial intelligence and machine learning

Computer Vision
NLP
Automation

FinTech

Innovative financial solutions
Payments
Lending
Investment

Cybersecurity

Digital security and data protection

Network Security
Identity Management
Threat Detection

SaaS

Software
as a
service

AI
IoT/Hardware
FinTech

IoT/Hardware

Internet of Things and hardware solutions

Smart Devices
Industrial loT
Edge Computing

CleanTech

Clean technologies
and sustainable development

Renewable Energy
Carbon Mgmt
Smart Grid

MarTech

Marketing technologies
and e-commerce

Marketing Automation
Customer Experience
Analytics

What we invest in

  • Seed and late seed stage companies
  • Product at the MVP validation or first commercial sale stage
  • Product that is truly market-competitive or dedicated to a new niche
  • Market with a global reach

Who we invest in

Founders

  • with industry experience or technological know-how
  • 100% dedicated only to this project
  • with complementary competencies
  • with a clear product development vision
  • with a track record of success or failure

What amounts

3

million PLN
Maximum investment ticket

2

million PLN
Maximum follow-on

Higher tickets in investment syndicates

Why VO₂ Ventures

  • we understand business because we built it ourselves
  • we created startups and increased their value
  • we managed investment funds
  • we possess deep sector expertise
  • we provide access to entrepreneurs
  • we offer strong capital backing
  • we build relationships that change the pace of action
  • we open doors without waiting in line

The VO₂ Ventures Team

In 2026, we launched the VO2 Ventures fund with a capitalization of over PLN 81 million. Our LPs include experienced financial investors, globally operating entrepreneurs, and the PFR Ventures Starter 2.0 fund.

Tomasz Wołynko

Managing Partner

Manager with over 20 years of operational, investment, and transactional experience.

Specialization:
FinTech, MedTech, CleanTech, eCommerce, Media

Andrzej Ziemiński

Managing Partner

Involved in the capital market for over 20 years, with experience in managing joint-stock companies, VC funds, value creation, and capital raising.

Specialization:
Biotech, SaaS, Medtech, Fintech

Marek Tarnowski

Managing Partner

Manager and investor with many years of strategic, operational, and transactional experience.

Specialization:
MarTech, AI, Cybersecurity, CleanTech

Media about VO₂ Ventures

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How can we help?
Tom Kovalsky
I have an innovative project for which I am looking for funding
VO₂
Let’s talk 🙂

Experience

We share our experience gained from previous organizations.

Relationships

We have a broad ecosystem of business contacts, especially in the financial industry.

Support

We are always available when needed, regardless of the topic, actively cooperating on a daily basis and within supervisory boards.

Trust

We build mutual trust with founding teams through close cooperation.

Submit your project

Do you have an innovative idea and are looking for a partner to scale it?

To submit a project to VO₂ Ventures, please prepare:

1. Business plan

A detailed company action plan, including market analysis, marketing strategy, business model, financial plan, and forecasts.

2. Milestones

Key objectives and stages of project development that you want to achieve within a specific timeframe.

3. Team presentation

Information about key team members, their experience, competencies, and roles in the project.

4. Pitch deck

A concise and attractive presentation of the project, containing the most important information and investment arguments.

Blog

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VO2 Ventures Fund Invests PLN 1.5 Million in Warsaw-Based Startup Solar Spy

VO2 Ventures Fund Invests PLN 1.5 Million in Warsaw-Based Startup Solar Spy

“This mechanism is successfully building the foundations of the Polish market”: PFR Ventures invests 196M PLN in 4 more domestic VC funds

“This mechanism is successfully building the foundations of the Polish market”: PFR Ventures invests 196M PLN in 4 more domestic VC funds

196M PLN – the amount PFR invested in four new VC funds. Which startups will benefit?

196M PLN – the amount PFR invested in four new VC funds. Which startups will benefit?