
Black Pearls VC
Description
Black Pearls VC is a prominent early-stage venture capital firm headquartered in Gdansk, Poland, with a strategic focus on the burgeoning technology ecosystems across Central & Eastern Europe, including Poland and the Baltic States. The firm is dedicated to identifying and nurturing innovative tech startups that possess defensible technology and the potential for significant market disruption and leadership. Their investment philosophy centers on providing crucial early-stage capital and strategic support to promising ventures.
The firm primarily targets companies at the Pre-seed, Seed, and Series A stages, demonstrating a commitment to foundational investments. Black Pearls VC's sector interests are broad yet strategic, encompassing areas such as Software-as-a-Service (SaaS), Artificial Intelligence (AI), Internet of Things (IoT), FinTech, HealthTech, Gaming, E-commerce, and Deep Tech. Typically, Black Pearls VC provides initial cheques ranging from €250,000 to €1.5 million, reflecting their role in fueling the initial growth phases of startups. They also offer substantial follow-on investments, capable of extending up to €5 million, to support the continued scaling of their portfolio companies.
With a robust portfolio that includes over 80 companies, Black Pearls VC has established itself as a significant player in the CEE venture landscape. The firm recently launched its second fund, Black Pearls VC Fund II, which has a target size of €50 million, underscoring their expanding capacity and ambition to further invest in the region's most promising startups. Their track record includes several successful exits, validating their investment thesis and ability to identify high-potential ventures. Black Pearls VC plays a vital role in bridging the funding gap for early-stage tech companies in CEE, contributing to the development and internationalization of the regional startup ecosystem.
Investor Profile
Black Pearls VC has backed more than 53 startups, with 1 new investments in the last 12 months alone. The firm has led 36 rounds, about 68% of its total and boasts 2 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Pre Seed, Convertible Note rounds (top funding stages).
- Majority of deals are located in Poland, United States, Lithuania.
- Strong thematic focus on Software, Artificial Intelligence (AI), Analytics.
- Typical check size: $270K – $1.6M.
Stage Focus
- Seed (68%)
- Pre Seed (21%)
- Convertible Note (4%)
- Post Ipo Equity (2%)
- Series B (2%)
- Series A (2%)
- Series Unknown (2%)
Country Focus
- Poland (58%)
- United States (11%)
- Lithuania (8%)
- Estonia (6%)
- Germany (6%)
- United Kingdom (6%)
- Latvia (4%)
- Sweden (2%)
Industry Focus
- Software
- Artificial Intelligence (Ai)
- Analytics
- Information Technology
- Fintech
- Marketplace
- Internet
- Insurance
- Banking
- Big Data
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