Innova CapitalTech Practice

Backing the next
generation
of CEE tech.

We partner with innovative tech companies from the CEE region to accelerate growth and create lasting value — through operational excellence, international expansion and strategic M&A.

SoftwareE-commerceDigital transformationBusiness servicesBuy & buildInternational expansionOperational excellence SoftwareE-commerceDigital transformationBusiness servicesBuy & buildInternational expansionOperational excellence
02 / How we work

A partnership, not a transaction.

Together with management teams of portfolio companies we build market-leading businesses that become European powerhouses. We are the go-to investor for ambitious entrepreneurs scaling tech and tech-enabled businesses.

01

Local investor with global mindset.

Local investment teams work closely with management, providing hands-on support while bringing global perspectives and opportunities to drive exceptional growth.

02

Partnership mentality and teamwork.

We build strong, collaborative relationships based on trust and mutual respect. Our friendly approach fosters open communication and shared success.

03

Value creation framework.

Best practices and proven playbooks that enable companies to scale efficiently and profitably, maximising their potential in the market.

03 / Criteria

What we look for.

A focused thesis — built around the kind of CEE technology business we know how to help.

Investment criteria.

  • 01

    Positive EBITDA and cash flow

  • 02

    Proven product–market fit and revenues >€10m

  • 03

    HQ in CEE region

  • 04

    Solid and sustainable organic growth

  • 05

    Strong founders and/or management teams

  • 06

    Equity ticket of €20–50m per transaction

Our approach.

We partner with established tech companies that demonstrate strong market position, sustainable competitive advantages, and significant growth potential. Our hands-on approach and deep sector expertise enable us to create substantial value for our portfolio companies.

04 / Focus

Where we invest.

Four sectors where we have built deep operating networks and a repeatable playbook over three decades.

01 / Sector

Software.

B2B software companies, focusing on enterprise solutions and vertical SaaS that solve critical business challenges.

02 / Sector

E-commerce & marketplaces.

Specialised platforms creating unique value propositions in their verticals, leveraging network effects and scalable models.

03 / Sector

Digital transformation.

Companies enabling traditional industries to digitise through software development, managed services and cybersecurity.

04 / Sector

Tech-enabled services.

Service providers leveraging technology to deliver superior customer experience, operational efficiency, and scalable growth.

05 / Value

Twelve disciplines, one team.

An in-house operating team works alongside management from day one — across the disciplines that move the value-creation needle.

01

Go-to-market strategy

02

Finance

03

Talent acquisition

04

International expansion

05

M&A strategy

06

Operational excellence

07

Data and AI

08

Cybersecurity

09

Product strategy

10

Board composition

11

Segmentation & pricing

12

Product development

06 / Portfolio

Featured platforms.

Current technology platforms backed by Innova Capital — building category-defining positions across Europe.

07 / Voices

What our partners say.

Words from the founders and CEOs we work with day-to-day across the portfolio.

Innova has been more than just an investor — they've been a true strategic partner in our growth journey.

Maciej Krzyżanowski
CEO & Founder · CloudFerro

Their partnership mentality and operational expertise have been instrumental in accelerating our market-leadership position.

Michael Burk
CEO · Unisport
08 / Network

Technology advisory board.

A distinguished pool of non-executive directors with proven track records. Seasoned operators bringing "been-there-done-that" experience across every value-creation domain.

Andy Wild

CRO at SingleStore
Enterprise software · GTM & sales
SingleStoreMirantisMicro FocusPlanet LabsOpenTextCA TechnologiesIBM

Damian Zapłata

NED & Tech Investor
Marketplace · Demand generation
EmpikBaseLinkerModivoAllegroFirst DataPaybackMcKinsey

Jarek Mikos

CEO at Comarch
SMB software · Transformation · Buy & build
ComarchWeNetIAIPolskie ePłatnościWirtualna Polska

Goncalo Gaiolas

CPO at DeepL
Product · Marketing · PLG
DeepLOutSystemsSoSafeLobster

Wojtek Murawski

CEO of Autopay
Payments · Vertical software · Partnerships
AutopayPolkomtel / PlusSportBM

Bartek Pucek

AI Angel Investor & Operator
AI · Digital transformation
ElevenLabsRampIKEATylko

Meg Johnson

Marketing & Branding Exec
Marketing · Branding · Int'l expansion
Dr MartensNew BalanceP&G

Anna Wróbel

NED — Human Capital
People & culture · Talent management
CivittaBooksyPZUAllegro

Keith Robinson

Software Investor & Advisor
Enterprise software · M&A · Strategy
Eque2SageSalesforcePayhawkBarclays
09 / Contact

Let's talk.

Talk to the partner leading our tech investments.

Łukasz Cyran

Łukasz Cyran

Partner · Tech

Are you a tech entrepreneur looking to take your company to the next level? We'd love to hear your story and explore how we can help accelerate your growth journey.

Whether you're planning international expansion, considering M&A opportunities, or looking to optimise your operations — our team is ready to support your vision with capital, expertise and our extensive network.

Connect on LinkedIn
All correspondence is strictly private & confidential. We respond within five business days.
Message sent — opening your mail client.