Innovation Nest

Innovation Nest is a prominent venture capital firm based in Kraków, Poland, specializing in early-stage B2B SaaS companies across Europe. Established in 2011, the firm has positioned itself as a key player in the European tech ecosystem, particularly for startups looking for their first institutional capital. Their investment thesis is centered on supporting innovative software solutions that address business needs, demonstrating a clear focus on scalable and defensible business models within the B2B sector.

The firm typically acts as the first institutional investor for its portfolio companies, providing crucial seed to Series A funding. Innovation Nest's initial investment check sizes generally range from €250,000 to €1,000,000, with the capacity for follow-on investments in subsequent funding rounds. This approach allows them to partner with founders early on, offering not just capital but also strategic guidance and access to their extensive network. To date, Innovation Nest has built a diverse portfolio of over 70 companies, reflecting their commitment to fostering growth across various B2B software verticals.

Innovation Nest's funding journey showcases a steady growth in their capital deployment capabilities. They have successfully raised multiple funds, including Innovation Nest Fund I (€10 million), Fund II (€20 million), and their latest, Fund III, which closed at €30 million. This progression in fund size, accumulating to approximately €60 million in total assets under management, underscores their increasing capacity to support promising European B2B SaaS ventures. Their consistent presence and strategic investments have contributed significantly to the development of the European B2B software landscape.