INVESTOR / DATA TO 30 SEPTEMBER 2026
NCBR Investment Fund
2 venture rounds in the first 9 months of 2026, at 2 companies in 1 country.
NCBR Investment Fund is an investor headquartered in Poland.
The scope is Central and Eastern Europe: every venture round since January 2024 at startups from the ten CEE countries our funding reports cover, in which public sources name NCBR Investment Fund as an investor. Rounds we have seen outside CEE are listed separately, under the table. It is built from the same record as our quarterly funding reports, and updated with them.
At a glance
SHOW DATA
| Row | Pre-seed | Seed | Series A | Growth | Total |
|---|---|---|---|---|---|
| 2024 | 0 | 3 | 0 | 0 | 3 |
| 2025 | 0 | 1 | 1 | 0 | 2 |
| 9M 2026 | 0 | 2 | 0 | 0 | 2 |
9M 2026 runs to 30 September 2026.
| Investor | Rounds together |
|---|---|
| ff Venture Capital | 4 |
| 4growth VC | 2 |
Investors in two or more of the same rounds.
Countries and sectors
A company counts where it is headquartered, or where it started if it later moved abroad.
| Country | Rounds | Share |
|---|---|---|
| Poland | 7 | 100% |
SHOW DATA
| Row | 2024 | 2025 | 9M 2026 |
|---|---|---|---|
| AI | 2 | 1 | 0 |
| Health and bio | 2 | 1 | 0 |
| Hardware and robotics | 0 | 1 | 2 |
| Defence and security | 0 | 0 | 2 |
| Enterprise software | 1 | 0 | 0 |
A company can sit in several sectors, so sector counts overlap. Other: no sector on record.
Every round on record
Newest first. Each company links to the announcement of the round.
| Company | Country | Month | Stage | Round size | Led | Co-investors |
|---|---|---|---|---|---|---|
| FlyFocus | Poland | Feb 2026 | Seed | €4.5m | ff Venture Capital | |
| React UAV | Poland | Feb 2026 | Seed | €4.5m | ff Venture Capital | |
| Auxilius Pharma | Poland | Dec 2025 | Series A | €3.6m | ff Venture Capital, NanoGroup | |
| DBR77 Robotics | Poland | Apr 2025 | Seed | €3.5m | ff Venture Capital, EEC Ventures, SQD Alliance | |
| IMAGENE.ME | Poland | Dec 2024 | Seed | €1.4m | ABAN | |
| Saventic | Poland | Dec 2024 | Seed | €1.9m | 4growth VC | |
| Talkie.ai | Poland | Oct 2024 | Seed | Undisclosed | Gateway Ventures, Satus Starter VC, 4growth VC |
Exits
Companies NCBR Investment Fund backed that were sold or listed, or where a new investor bought out the earlier ones. Each links to its announcement.
No exits on record.
How this list is made
- A round is listed when a company, investor or press announcement, or a startup database, names NCBR Investment Fund among its investors. Each listed round links to its announcement where one is on record.
- Amounts are the size of the whole round, not the part NCBR Investment Fund invested. Amounts are in euros, converted at about 1.10 US dollars to the euro.
- Stages follow the funding reports: the label the company announced, placed by size where the label clearly does not fit.
- Rounds that were never announced, or that do not name their investors, are not here, so the list is a floor.
The whole market: CEE startup funding report. Next update: January 2027.
Raising pre-seed or seed in CEE
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