We aim to deliver above-market returns by investing in the best entrepreneurs in Poland and the Baltic Sea Region who solve the key challenges of the 21st century.
  • All
  • aLQT Fund I
  • aLQT Fund II
  • BP Seed Fund
  • Exits
  • Autenti
    Autenti
  • FindAir
    FindAir
  • Green Goods
    Green Goods
    Marine algae growing and applications
  • Parkanizer
    Parkanizer
    Showing  drivers where to park
  • Quantum Lab
    Quantum Lab
    Teaching computers how and what people feel
  • Piktorex
    Piktorex
    Solving non-compliance of medication in Poland.
  • Voice Lab
    Voice Lab
    Groundbreaking speech technologies
  • Inpharmica
    Inpharmica
    Next generation pain-killers.
  • Brick Biometry
    Brick Biometry
    Mobile devices for secure voting registration.
  • Plurimum
    Plurimum
    Heavy duty and high-end seal for industry.
  • Rebel Eco
    Rebel Eco
    Sustainable modular building
  • Rehabilitatus
    Rehabilitatus
    Post-traumatic telerehabilitation
  • BP Seed Fund
    BP Seed Fund
  • Blue Dot Solutions
    Blue Dot Solutions
    Building the Polish space industry by developing products and services using satellite data.
  • RTCLab
    RTCLab
    Simple and reliable video communication platform in your browser.
  • Funiversity
    Funiversity
    Adding magic to education
  • Brandez
    Brandez
    Sanitation and hygiene for people and animals.
  • PHK
    PHK
    One stop shop for industrial hemp
  • Agrosystems
    Agrosystems
    Building digital society by bringing online services to rural area communities.
  • James Button
    James Button
    Exited
  • ProEnerga
    ProEnerga
    Innovative energy solutions.
  • .acco
    .acco
    Mobile solutions for tourism
  • Solwit eko
    Solwit eko
    Advanced IT solutions bringing waste management into XXI century
  • Sofia Soft
    Sofia Soft
    Team management solutions based on mobile communication.
  • PINmaster
    PINmaster
    Virtual keys, real profits.
  • Rebel Module
    Rebel Module
    Intelligent energy-saving buildings
  • Cosmic Group
    Cosmic Group
    A venue for every event
  • Tiketto
    Tiketto
    Exited
  • Twinkle Twinkle
    Twinkle Twinkle
    Sweet dream are made of ...great design
  • kenis
    kenis
    Exited
  • eDIY
    eDIY
    Exited
  • STEM Poland
    STEM Poland
    Exited
  • Everytap
    Everytap
    Exited
  • Tokeo
    Tokeo
    Exited
  • Apetyt Na Miasto
    Apetyt Na Miasto
    Exited
  • Life Quality Technologies
    Life Quality Technologies
Autenti

Convenient and secure platform for approving documents and signing contracts online enabling access to documents and E-signature anytime and anywhere.

The solution is addressing corporations – representatives of any organization, including board members, specialists working in sales, procurement, legal, financial and HR departments but consumers for private purposes as well.

www.autenti.com

Black Pearls VC Principal: Tomasz Woźniak

FindAir

FindAir is Europe’s first intelligent solution to help people with asthma. It is based on a combination of three components: mobile application, intelligent inhaler add-on (FindAir ONE) and machine learning-based data analysis platform. FindAir collects and analyzes data on each use of asthma medicine, including the dosage, the circumstances of each use, weather conditions, air pollution and allergens in the environment. Based on the data collected, the most probable factors for asthma attacks are presented. The data can be made available to the physician and patient, supporting the course of asthma therapy.

www.findair.pl

Black Pearls VC Investment Director: Maciej Skórkiewicz 

Green Goods
Marine algae growing and applications

Overview

Green Goods is an R&D project developed by the team of scientists originating from the Warsaw University of Technology, led by Mateusz Delekta and supervised by prof. Tomasz Ciach. The project’s  aim is to work out an innovative way of growing and exploring applications of marine algae.

The project’s supervisor – professor Tomasz Ciach is an accomplished Polish scientist specializing in fields such as chemistry, nanotechnology and biology. He is also Head of the Department of Biotechnology and Bioprocessing Engineering at Warsaw University of Technology, a leading technical university in Central and Eastern Europe. Having founded NanoGroup – a biotech company now entering the Warsaw Stock Exchange – he has accumulated vast experience in R&D projects and commercialization.

Parkanizer
Showing  drivers where to park

Overview: Intelligent management of parking spaces in urban agglomerations and public facilities. The system assists drivers in finding free parking spaces saving time, reducing infrastructure costs, as well as improving the capacity and effectiveness of parking lots. The universal nature of Parkanizer facilitates the use of the solution in ‘smart cities’ areas which will be translated into improvements in urban traffic and reduced environmental pollution in city centres. Parkanizer is being developed in cooperation with a team of scientists from the Wrocław University of Technology.

Co-investor/partner: The project was also supported by a sector-focused investor – Norwegian capital group BT Signaal, specialising in Intelligent Transportation Systems and the private Polish-Norwegian capital fund CRT Capital.

Innovation: The project covers the development of the best technical solution for identifying occupancy of parking spots and communicating it to car drivers and city parking managers with the use of mobile application and web panel. Creating seamless driver’s experience at all the stages of the parking process, while at the same time supporting effective parking policy planning lay at the heart of Parkanizer’s mission.

Development stage and recent news: The system has been implemented in two Polish cities: Piekary Śląskie and Tarnowskie Góry. Its effects have received wide national and regional media coverage and have sparked a lot of interest of other cities managers, meaning that further pilot studies are planned. The future development of other functionalities in mobile application is planned, i.e. introducing automatic payments or possibility to book a parking space in advance. Lately, Parkanizer was awarded New@Poland distinction for the most innovative IT project addressed for public administration and was invited for Slush conference (Helsinki) by Startup Sauna.

www.parkanizer.com

Black Pearls VC Partner: Marcin P. Kowalik

Quantum Lab
Teaching computers how and what people feel

Overview:  Quantum Lab is an organization set up by people who share the same idea- their aim is to teach computers how people feel. They track, measure and analyze emotions and moods using different methods and technologies based on science and psychology. Quantum Lab’s primary product, Facial Expression Recognition System (Quantum Sense), allows to read people’s emotional response from their facial expressions using any modern device with a camera. In the end, the aim is to create an emotional metadata. Other products include Quantum Insight, which allows research companies recognize and analyze emotions evoked by different kinds of stimulus like commercials, outdoor/indoor adverts or simply music and video clips.
The company also offers a ‘How Are You’ app, directed at individuals suffering from mood disorders. How Are You app aims to track moods of its users, but also promote mental health by scientifically proven exercises.

Co-investor/partner: Quantum Lab has been supported by Maciej Grabski’s capital fund Business Angel Seedfund, Polish-Norwegian capital fund CRT Capital, Profound Venture and Black Pearls VC.

Innovation: Quantum Lab combines expertise of different areas (artificial intelligence, psychology and computer science) to create an algorithm capable of decoding facial expressions.

Stage development and recent news: The project is already being used in one of quick services restaurants chains in the United States and further development of Quantum Lab’s presence on this market is on the way. As one of the most awarded and widely recognized startups in Poland, Quantum Lab has received numerous awards including Best Startup by Innovation AD, Cannes Innovation Lions participation, as well as 2015 Polish Startup of Year awarded by Central European Startup Awards.

www.quantumlab.co

Black Pearls VC Partner: Marcin P. Kowalik

 

Piktorex
Solving non-compliance of medication in Poland.

Overview: The company has been working on solving the problem of incorrect dosing of medications (compliance problem) which is a major factor contributing to multiple complications and growth of patient treatment costs. Pilot studies carried out by the author of the project – Dr Piotr Merks showed that 21% of patients were not provided with any information on dosing of medications while as many as 52% lost the instructions with therapeutic indications. Dr Merks is an expert known in Poland and abroad, specializing in the field of pharmaceutical care, having gained over 16 years of experience in the worldwide sector (including Australia and Canada). The objective of the company is to launch medical stickers in the form of pictograms to ensure that full benefits from the therapy are obtained and thus patients’ life quality improves.  Additionally, the project is aimed at ensuring better control and improving the effectiveness of fund spending by the National Health Fund.

Co-investor/Partner: The solution was commercialised in cooperation with Synergia – WUM Sp. z o.o., a company owned by the Medical University of Warsaw. Other partners include Medical University of Warsaw and the Dosing Form Technology Division, Faculty of Pharmacy, Ludwik Rydygier Collegium in Bydgoszcz, Nicolaus Copernicus University in Toruń.

Innovation: The graphic signs (pictograms) developed by the company will contribute to the safety and effectiveness of application of medications by patients, in particular in the ‘65+’ age group. The solution is to support improved effectiveness of medication treatment and effective reduction of patient treatment costs – both by the state treatment system and by individuals.

Stage Development/Recent News: After having tested pictograms on his patients, Dr Merks is currently developing the project further. In order to move forward with the validation of the project, Dr Merks has been working with a children’s hospital in Ottawa. Moreover, the project will be assessed by the Polish Ministry of Health at the end of the year within the scope of a potential cooperation. Until now, Piktorex has already gained the patronage of International Pharmaceutical Federation, Royal Pharmaceutical Society and Polish Pharmaceutical Chamber, among others.

www.lekolepki.pl

Black Pearls VC Partner: Marcin P. Kowalik

Voice Lab
Groundbreaking speech technologies

Overview: The company has developed  a speech to text technology-based solutions applicable for call centers and mobile applications. The technology has been developed by Jacek Kawalec – CTO Wirtualna Polska for many years and by Tomasz Szwelnik – a scientist with his academic roots linked with Gdańsk University of Technology. The idea derives from the need of entities operating in the financial market that have multiple problems with security systems. The solution is also commercialised by the Polish Justice System where the solution is to read biometry and verify data correctness.

Co-investor: JEREMIE Seed Capital Województwa Pomorskiego FIZAN

Innovation: Voice biometry – among the other biometric techniques – is viewed as a practical, easy and inexpensive method to implement, since it does not require additional readers or devices.

Stage development and recent news: Some of VoiceLab’s products include VoiceBanking (implemented in MeritumBank, FMBank), VoiceInsurance, VoiceTelekom, VoiceMed, VoiceLegal, VoiceSecurity, VoiceAutomotive, VoiceInDevice and SpeechWare. The company has received  widespread recognition both in Poland an internationally. Recent achievements include the Gold Medal at Inpex fair 2013 in the USA, as well as a Bronze Medal at the Inst 2013 Fair in Taipei.

www.voicelab.pl

Black Pearls VC Partner: Marcin P. Kowalik

Inpharmica
Next generation pain-killers.

Overview: The company has been involved in a project aimed at performing phase III of clinical studies on an increased number of patients, including the monitoring of undesired effects and development of documentation to register a new complex pain killer patented in the USA.

Co-investor/Partners: The project has been based on a consortium established in close cooperation with the Medical University of Warsaw.

Innovation: A unique global pain-killer solution carried out on the basis of a patent.

Stage Development/Recent News: The company has successfully managed to prepare stage III of clinical trials and is currently monitoring this process on a study of around 100 patients  conducted in cooperation with the Medical University of Warsaw.

Black Pearls VC Partner: Marcin P. Kowalik

Brick Biometry
Mobile devices for secure voting registration.

Overview: The company has been developing the project “BRicK – Biometric Registration Kit” which is aimed at developing modular computer devices with advanced biometric systems for the use of registration and issues linked with identity documents. The project has been developed by Mr. Tomasz Błasiak – a United Nations consultant and an experienced manager with over 14 years of experience in managing large IT projects, resident of Zurich, Switzerland. Mr Błasiak has recently been involved in supervising the cooperation of public sector customers in SGS (Governments and Institutions Services).

Innovation: The project will help solve problems related to population evidence.

Co-investor/Partner: Black Pearls VC is the sole investor in the company.

Stage Development/Recent News: The project is currently in R&D phase.

www.brickbiometry.com

Black Pearls VC Partner: Marcin P. Kowalik

Plurimum
Heavy duty and high-end seal for industry.

Overview: The company is involved in a project to develop a polycarbonate seal provided with barcode or radio identification system (RFiD). The product was co-developed by a post-graduate student of the Warsaw University of Technology. Its aim is to ensure automated readout of evidence numbers of secured objects. Wide interest is growing particularly well in the the medical sector, transport and logistics, fuel and defence industries. The innovation commercialised by the company has enormous implementation potential among companies owned by the State Treasury.

Co-investor/Partner: The unique nature of the solution and its development potential has been noted by ARP Venture, which along with LQT Fund acquired stakes in the special purpose company promoting the project.

Innovation: With the applied technologies, the seal is very resistant to any attempts of damage, while being low priced which offers an extremely strong implementation potential of the product in industry.

Stage Development/Recent News: Plurimum is currently in the process of expanding its sales strategy and increasing the outreach of its pioneer seal PLP-15.

www.plurimum.pl

Black Pearls VC Partner: Alexander Lubański

Rebel Eco
Sustainable modular building

Overview: The company has been involved in a project to develop technology used to implement innovative and economic solutions in the sphere of modular social construction. The project relies on building production technology and development of new materials to generate buildings characterised with low maintenance costs and high energy savings.  The solution has been developed by well known architects from the Tricity area– the Droszcz family.  The project is a response to the growing demand in the European market for buildings that would be fast to assemble, prefabricated, of high quality, low maintenance costs, with a number of facilities for elderly or handicapped people.

Co-Investor/Partners: Black Pearls VC is the sole investor in the project. Interest in potential partnerships has been expressed from Middle East countries, including Saudi Arabia.

Innovation: The unique feature of the solution is the speed of production and savings related to building’s maintenance as well as the ease of transfer to other locations. This will provide multiple applications of residential modules once they are fully developed.

Stage development and recent news: Rebel Module has successfully completed its projects in Poland, Germany and Austria. Their upcoming goal is to penetrate the Scandinavian market (recently they have been very active in pursuing their strategy of expansion in Sweden and Norway).

www.rebeleco.com

Black Pearls VC Partner: Marcin P. Kowalik 

Rehabilitatus
Post-traumatic telerehabilitation

Overview: The company has been developing a solution to improve the quality of human life in the area of mobility and rehabilitation of patients with injuries of upper limbs on the basis of an IT system supporting post-traumatic tele-rehabilitation. The system ensures precise and personalised programming of exercises by specialists to support registration, remote supervision and automatic control of the exercises performed by patients at home. Ultimately, the system is to ensure ongoing control over the rehabilitation process and intervention, in particular when the exercises are performed at home.

Co-investor/partner: An investment in the project was also made by Agencja Rozwoju Pomorza S.A. (Pomerania Development Agency).

Innovation: The application of tele-rehabilitation will be of special importance to handicapped people and those who live in areas with difficult access to specialist rehabilitation services. It is compliant with the trend to use IT solutions in health service, promote a healthy lifestyle and to prevent disabilities and injuries.

Stage development and recent news: After completion of the prototype, the focus of the project currently relies on acquiring medical as well as financial partners.

Black Pearls VC Partner: Marcin P. Kowalik

BP Seed Fund

year established: 2013

money raised: € 3m

23% private capital

Investment stage: Seed (€ 100-200k)

Fully invested

Project co-financed by the European Regional Development Fund under the Operational Programme Innovative Economy.

Blue Dot Solutions
Building the Polish space industry by developing products and services using satellite data.

Overview: Company is operating in the downstream sector of the space industry, a sector where are developed products and services that make use of satellite data. The company’s main activity in the downstream sector is associated with the project of three applications that make use of satellite navigation (GNSS) and data from Earth observation (EO).

Co-investor/Partner: Black Pearls VC is the sole investor. Blue Dot Solutions cooperates with many specialist entities within the space sector such as the International Astronautical Federation.

Innovation: Exploring the space sector already at this early stage of its existence offers tremendous opportunities. Blue Dot Solutions stands at the forefront of the European space industry revolution.

Stage Development/Recent News: Blue Dot Solutions is one of the most recognized Polish start-ups present in the space industry. The company is currently offering B2B consulting services, while preparing its flagship project connected to using satellite data.

www.bluedotsolutions.eu

Black Pearls VC Partner: Marcin P. Kowalik

RTCLab
Simple and reliable video communication platform in your browser.

Overview: RTCLab Team has created HTML5 Meeting – a browser based audio-video platform utilizing WebRTC technology. The platform enables users to meet face-to-face from any location and provides a wide range of real time communication tools: live audio and video communication, invitations, desktop and screen sharing, Live Chat as well as additional features including the option to Claim and lock the meeting, room customization and social media integrations.

The tool provides free access to video meetings and conferences for groups of up to 5 people, but it is also possible to create individual solutions enabling more attendees to meet. 

Co-investor/Partner: Black Pearls VC is the sole investor.

Innovation: The Team has developed their own technology enabling high quality, simple and reliable video and audio communication between users.

Stage Development/Recent News: Project is currently in growth stage. Expansion to many international markets is being undertaken.

www.html5meeting.com

Black Pearls VC Partner: Marcin P. Kowalik

Funiversity
Adding magic to education

Overview: The company offers innovative research products for pre-school and schoolchildren. The products aim at widening
children’s knowledge gained at school and they let them do scientific experiments on their own. The products’ main task is to improve the quality of learning according to the rule: “Tell me and I will forget, show me and I will remember, let me do this on my own and I will understand”.

www.funiversity.pl

Black Pearls VC Partner: Marcin P.Kowalik

Brandez
Sanitation and hygiene for people and animals.

Overview: The company supplies high efficiency products designed to disinfect the animal farming environment, as well as the adjacent human environment. Ensuring proper welfare of farmed animals is a requirement imposed by the regulations, forcing operators to seek products which guarantee hygienic safety of all places, in which animals and humans are present. Company activity focuses on innovative approaches to welfare, particularly in providing adequate sanitation and hygiene for people and animals. Safety and efficiency of the formula of products was confirmed in numerous studies.

Co-investor/Partner: Black Pearls VC is the sole investor in the company.

Innovation: Use of the right disinfection products allows for a significant reduction in the number of infections and diseases, which effectively contributes to higher farming efficiency as well as reduction in expenses (such as veterinary services).

Stage Development/Recent News: The company is currently expanding its growth strategy by the means of acquiring potential customers.

Black Pearls VC Partner: Alexander Lubański

PHK
One stop shop for industrial hemp

Overview: PHK’s activities are related to the modern processing of vegetable raw materials (crumb), then resold obtained intermediates for individual producers to their further modification. For the purpose of future activities company has developed specialized production line, which will lead to changes in the traditional and at the same particularly inefficient method of processing raw materials for the primary stage for a more efficient method of treating them.

A new method of processing will increase several times the current processing capacity and contribute to the use of these plant parts that previously were allocated only for losses due to the lack of proper manner of their treatment. The technology will allow for innovative treatment process plant materials that find their application in industries such as food, pharmaceutical, architectural and textiles.

Black Pearls VC Partner: Alexander Lubański 

Agrosystems
Building digital society by bringing online services to rural area communities.

Building digital society by bringing online services to rural area communities.

Overview: Agrosystems’ core business is the development of two modular systems dedicated to residents of rural areas. The first one focuses on digitalization of administrative processes on the executive level (mayor, municipality council). The second module, designed for farmers and agricultural businesses, will offer a wide range of services related to their daily activities.

Co-investor/Partner: Black Pearls VC is the sole investor in the company.

Innovation: Both projects aim to innovate archaic systems and optimize labor-intensive tasks as well as improve communication between residents and municipality councils.

www.agrosystems.pl

Black Pearls VC Partner: Marcin P. Kowalik

James Button
Exited

Year Invested: 2014

Year of exit: 2017

www.jamesbutton.com

ProEnerga
Innovative energy solutions.

Overview: ProEnerga operates in the area of R&D projects related to electric power. The aim of the project is the creation of new innovative solutions on a global scale. Starting this kind of activity is possible thanks to the use of modern research and measuring devices that congest to the effective transfer of knowledge and its implementation to the existing needs of the market. The project team includes a wide range of specialists and industry experts. The company’s management team has gained a plethora of experience in international implementation of technological projects both in Poland and abroad.

Co-investor/Partner: Black Pearls VC is the sole investor in the company.

Innovation: Addressing the growing demand for professional services in the sustainable energy sector, the team behind ProEnerga uses its wide sector specific experience and innovative tools to provide the highest quality of offered services, contributing to the growth of sustainable energy market in the region.

Stage Development/Recent News: The company’s application is currently under review by the Polish Centre for Accreditation. Furthermore, ProEnerga is constantly updating its services and their tools, which catalyse the quality of their services- an example of which is their modern mobile measurement laboratory.

www.proenerga.pl

Black Pearls VC Partner: Alexander Lubański

.acco
Mobile solutions for tourism

Acco is a company whose aim is to implement a mobile system directed to tourist trade’s clients. The application will help a client to perform multiple actions: scanning offers, booking a certain room or a table in the restaurant, making a payment via a mobile device. It can also be used by owners of a particular facility as it is a necessary tool for marketing campaigns based on the history of client’s stay in order to direct it to every client individually.

Black Pearls VC Partner: Marcin P. Kowalik 

Solwit eko
Advanced IT solutions bringing waste management into XXI century

Overview: Solwit SA develops and tests IT solutions and provides software-related services for clients in various industries.

Co-investor/Partner: Black Pearls VC co-invested together with many experienced entrepreneurs and managers from the IT sector. The fund’s involvement encompasses different projects started by Solwit SA, including Solwit.eko and Sofia Soft Ltd.

Innovation: As an example, Solwit.eko offers innovative ERP system called Envira dedicated Waste Management Organisations, which are responsible for the modern way of automation in areas such as operations and management of information.

Stage Development/Recent News: Solwit SA is achieving impressive growth and as a result dynamically enhances its position as a leading market player. As a confirmation, the renowned report ‘Computerworld 200’ ranked Solwit SA as the 14th largest supplier of IT solutions and services for the IT sector in Poland, as well as Top20 in two categories: ‘Revenue growth from IT’ and ‘Employment growth’.

www.solwit-eko.com

Black Pearls VC Partner: Marcin P. Kowalik

Sofia Soft
Team management solutions based on mobile communication.

SofiaSoft developed an innovative system intended for supporting working teams that are doing tasks beyond their headquarters. The solutions enables employees to get  support from the mobile device via a dedicated application. The tool helps to manage employee’s key tasks, monitor paid costs connected with the service, and even locate the position of workers on the map.

www.sofiasoft.pl

Black Pearls VC Partner: Marcin P. Kowalik 

PINmaster
Virtual keys, real profits.

Overview: PINmaster is a solution developed by the 4xA company Team. The product offered is a coded door lock controlled by variable codes distributed by text messages sent to the end user. The proposed solution competes by no need to own physical access key and the speed of granting authorization. An important advantage is the ability to precisely control and verify access, making the solution attractive for short-term rental businesses.

www.pinmaster.net

Black Pearls VC Partner: Marcin P. Kowalik

Rebel Module
Intelligent energy-saving buildings

The company implements comprehensive services for the design and construction of prefabricated modular homes using the technology they developed. Rebel Module produces highest quality passive buildings with high energy efficiency, designed by top professionals. Since the beginning of the company’s operations team focused on foreign markets.

www.rebelmodule.com

Black Pearls VC Partner: Marcin P. Kowalik

Cosmic Group
A venue for every event

Year invested: 2015

Year of exit: 2017

Tiketto
Exited

Year invested: 2014

Year of exit: 2017

 

Twinkle Twinkle
Sweet dream are made of ...great design

The company is to producing furniture dedicated to children and based on the newest research on physical growth children. The products have been designed using innovative technological solutions that have an influence on a child’s development. They also ensure the highest safety and utility standards as well as a unique possibility of modification, which – thanks to 3D print – will enable the personalization and special flexibility of the accessories.

The first and, so far, the most important product is an innovative cradle, which rocks the baby vertically (“up-and-down”) and not horizontally.

www.twinkletwinkle.pl

Black Pearls VC Partner: Marcin P. Kowalik

kenis
Exited

Year of investment: 2015

Year of exit: 2016

eDIY
Exited

Year of investment: 2015

Year of exit: 2016

STEM Poland
Exited

Year of investment: 2014

Year of exit: 2015

Everytap
Exited

Year of investment: 2014

Year of exit: 2015

www.everytap.pl

Tokeo
Exited

Year investment: 2015

Year of exit: 2016

Apetyt Na Miasto
Exited

Year of invest: 2015

Year of exit: 2016

Life Quality Technologies

Looking for experienced and reliable team that will help you commercialize your R&D?
Black Pearls VC is open to work with you.

Our LQT Fund II has been established to support innovations improving the quality of human life to address most pressing social changes, particularly within the scope of demographics, labour and business.

To apply with your R&D project at the proof-of-concept and proof-of-principle stage and the team ready for commercialization – press  SUBMIT A PROJECT.

If you have any questions – ask Maciej Skórkiewicz.