INVESTOR / DATA TO 30 SEPTEMBER 2026
S20 Fund
2 venture rounds in the first 9 months of 2026, at 2 companies in 1 country.
S20 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 S20 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 | 0 | 0 | 0 | 0 |
| 2025 | 2 | 0 | 0 | 0 | 2 |
| 9M 2026 | 1 | 1 | 0 | 0 | 2 |
9M 2026 runs to 30 September 2026.
| Investor | Rounds together |
|---|---|
| Kogito Ventures | 3 |
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 | 4 | 100% |
SHOW DATA
| Row | 2024 | 2025 | 9M 2026 |
|---|---|---|---|
| Enterprise software | 0 | 1 | 1 |
| AI | 0 | 0 | 1 |
| Fintech | 0 | 1 | 0 |
| Hardware and robotics | 0 | 0 | 1 |
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 |
|---|---|---|---|---|---|---|
| semiQa | Poland | Sep 2026 | Seed | Undisclosed | Invento, Hard2beat, 24Ventures | |
| sunbay.io | Poland | Jun 2026 | Pre-seed | €0.6m | Kogito Ventures, Jostein Håvaldsrud, Sebastian Bobrowski, Sebastian Pietrowski | |
| Paymove | Poland | Sep 2025 | Pre-seed | €0.7m | Kogito Ventures, Piotr Pajda, Grzegorz Kaczor | |
| sunbay.io | Poland | Jun 2025 | Pre-seed | €0.6m | Kogito Ventures, Waldstein Advisory & Investment |
Exits
Companies S20 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 S20 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 S20 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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