Warsaw-based Montis VC has closed the first €50 million of its new fund to back early-stage European startups in energy, industry, and AI, supported by the EIF, PFR, and private investors from the CEE region, as Vestbee was told.
- Established in 2019 by Łukasz Dziekoński, Wojciech Szwankowski, and Michał Gawęda, Montis VC is a venture capital firm that invests in early-stage European startups developing technologies for the energy and industrial transition and leveraging artificial intelligence to scale.
- The fund plans to support 20–25 companies, with initial investments ranging from €0.5 million to €2 million and half of the budget reserved for follow-on rounds. Its portfolio includes Micromobility Port, Fresh Inset, and Autofixer, which has grown to over €30 million in annual revenue within three years.
"We invest in founders who want to build the future of the European economy through technology and energy efficiency. We are particularly focused on areas such as the energy and industrial transition, where artificial intelligence can become a powerful driver of innovation and global scale," explains Michał Gawęda, Partner at Montis VC.
- The new fund is backed by the European Investment Fund through the REPowerEU programme, the Polish Development Fund via PFR Ventures with a €10 million commitment, and a group of family offices and private investors from across Central and Eastern Europe.
"The €50 million first close is only a starting point. Over the coming months we plan to continue scaling the fund and are already in advanced discussions with additional investors," claims Łukasz Dziekoński, Partner at Montis VC.
