GPW
GPW
Private Equity Managers (PEM)  |  46,95 PLN  |  1,43 PLN  |  3,14%
MCI.TechVentures 1.0 sub-fund
MCI.TechVentures 1.0 sub-fund (created within MCI.PrivateVentures FIZ)
The sub-fund focuses on investments in growth-stage companies in the following sectors: web and telecommunications services, mobile services and technologies (B2C), digital media and e-commerce, wireless technologies, software and IT, not listed on the regular market, with a high expected rate of return and lower risk than early stage businesses. The investments are carried out in CEE countries, Western Europe, Turkey and Russia.
Features of the fund
Type of the Fund Captive
Investors (as at 06/30/2017) MCI Capital Group (59,71%), external investors (40,29%)
Fund Manager Tomasz Czechowicz, Tomasz Danis, Sylwester Janik
Investment areas e-commerce, mobile internet, TMT, digital media, Internet of Things, FinTech
Investment strategy growth, expansion
Investment scale EUR 1.5 to 25 million
Assets under management (as at 06/30/2017) PLN 980 M (USD 263 M)
Yearly average rate of return* 19,36%

* average rate of return for a series of certificates A, for Q2 2017

Current investments
marketinc

MarketInvoice

marketinc
Year of investment: 2016
Trade: Fintech
Country: Great Britain

MarketInvoice is Europe’s largest peer-to-peer invoice finance platform. Businesses can select which invoices they want to finance, unlocking tied-up cash in 24 hours at competitive rates. It’s fast, flexible funding for growing businesses.
Launched in 2011 and based in London and Manchester, MarketInvoice has helped thousands of businesses overcome the lengthy payment terms of their customers. More than £850m has been raised through the platform, with businesses using the funds to hire more staff, launch new products and pay their suppliers.
In August 2013, the UK government – via the British Business Bank – began lending to UK small businesses through MarketInvoice. This partnership has now seen more than £50m funded to UK small businesses, and is agreed until 2018.

tatilbudur

Tatilbudur.com

tatilbudur
Year of investment: 2015
Trade: e-travel
Country: Turkey

Mika Tur (Tira Tur Tourtism Ltd. Company) a travel sector operator established in 1997 by brothers Derya Bulent Kus and Timucin Kus. In 2010 the company was taken over by new managers associated with Hedef Group. The company’s revenue is mainly generated by working with hotels, whose offers are sold by the company. Mika Tur distributes its services both in the offline and in the online channel. The website Tatilbudur.com attracts ca. 20 million tourists per year.

iZettle

iZettle

iZettle
Year of investment: 2015
Trade: FinTech
Country: Szwecja

Number one provider  of mobile payment services and apps in Europe and Latin America. From card readers for smartphones and tablets to cash registers, sales tools and cash advances, all of iZettle’s solutions are simple to set-up, super secure and designed to help small businesses grow. Founded in 2010 with headquarters in Stockholm, iZettle is now available in 11 countries globally. iZettle’s investors include 83North (formerly Greylock), American Express, Creandum, Dawn Capital, Index Ventures, Intel Capital, MCI.Techventures (MCI Management Group), Northzone, Santander Innoventures, SEB Private Equity and Zouk Capital.

azimo-money-facebook

Azimo

azimo-money-facebook
Year of investment: 2015
Trade: FinTech
Country: Wielka Brytania

Azimo is a London-based online money transfer service, changing the way people send money around the world. Honest, transparent and social, Azimo is the cheapest and easiest way to send money to over 200 countries across the world, from your smartphone, tablet or desktop, and even through Facebook.

pigu.logo

Pigu.lt

pigu.logo
Year of investment: 2015
Trade: e-commerce
Country: Litwa, Łotwa, Estonia

Pigu.lt, established in 2007, is a leading e-commerce player in Baltics. It started in Lithuania and expanded to Latvia (as 220.lv) in 2011. Since 2014 it has also experienced a dynamic development in Estonia (as www.kaup24.ee). The product range includes: electronics, household appliances, furniture and furnishings, fashion, cosmetics, children products, sports products, etc.

gettaxi

GetTaxi

gettaxi
Year of investment: 2015
Trade: software as a service (SaaS)
Country: USA, Rosja, Europa

Leader of the market of on-demand transport services and a major global B2B player

Established in 2010, GetTaxi is the largest and fastest-growing company offering professional passenger transport services outside the USA. It is the fastest growing market player in the United Kingdom and a strong leader in Russia (the largest European market) and Israel. In 2014 it entered the USA and is now present in the largest taxi services markets in the world, including Moscow, London, St. Petersburg and New York. GetTaxi generates most of its revenue from B2C services, while the significant competitive edge of its business model comes from B2B services. Thanks to its reach and quality of service, GetTaxi works with more than 2 thousand global enterprises, including the largest corporations in the world.

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GameDesire

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Year of investment: 2015
Trade: digital entertainment
Country: Polska

GameDesire, founded over 12 years ago, is one of the European leaders in online free-to-play games market. The company creates multiplayer games for players from all over the world and its titles appear on the iOS mobile platform, Android and PC.

Oktogo logo www

Oktogo

Oktogo logo www
Year of investment: 2015
Trade: e-travel
Country: Rosja
asgoodasnew

Asgoodasnew

asgoodasnew
Year of investment: 2015
Trade: e-commerce
Country: Niemcy
an

answear.com

an
Year of investment: 2013
Trade: e-commerce, e-fashion
Country: Polska

The largest multibrand online clothing store in Poland and Central Eastern Europe

The company was established in the year 2011 by Krzysztof Bajołek and his team previously involved with Artman (House and Mohito brands) and LLP. Answear.com is the first multibrand e-commerce platform in the Polish fashion industry. Answear combines online shopping and a generous lifestyle section featuring trendsetting photo shoots and recommendations of professional stylists. Answear carries over 200 international brands like G-Star, Pepe Jeans, Scotch &Soda, Tom Tailor, Diesel, Tommy Hilfiger, Marco Polo, Calvin Klein, Melissa, Guess Jeans, Jack & Jones, Vero Moda, Nike Sportswear, Adidas, Desiquel, Clark, Vagabond, Onitsuka Tiger and Cheap Monday.

 

travelata200

travelata.ru

travelata200
Year of investment: 2013
Trade:
Country: Rosja

Travelata.ru is the leading online travel package reseller in Russia.

windelndelogo-quellewindelndeaufmacher-138x60

windeln.de

windelndelogo-quellewindelndeaufmacher-138x60
Year of investment: 2012
Trade: e-commerce
Country: Niemcy

Leading online store offering baby products of daily need

Windeln.de is Germany’s largest web store for baby products of daily need. The internet retailer offers more than 20,000 products of over 300 brands, that young parents can comfortably order from home. The offer ranges from diapers, baby food and skin care to safety products as for example gates and monitors. windeln.de was initiated by Konstantin Urban and Alexander Brand in October 2010.

 

2

21diamonds

2
Year of investment: 2012
Trade: e-commerce
Country: Niemcy

Leading online store offering custom ordered jewelry

Established in 2011, by Josef Biller and Moritz Werner, it is an online jewelry store offering the widest selection of models, jewels and precious metals. Its offer includes, among others, rings, jewelry, necklaces, earrings as well as jewelry for special occasions – Valentine’s Day, First Communion, wedding and engagement. 21Diamonds lets you design your own jewelry by choosing your favorite model, jewel and metal. Furthermore, the website gives access to carefully selected collections of brand-name jewelry. The company has operations in Europe, Brazil, India and the United States building its position on the global market.

KupiVIP logo

KupiVip Holding

KupiVIP logo
Year of investment: 2012
Trade: e-commerce
Country: Rosja

Russian e-fashion leader

KupiVIP.ru as a company was founded by Oskar Hartmann in 2008. Five years later it turned into a powerful holding – the largest player on the Russian e-commerce market. The holding includes: shopping club KupiVIP.ru offering more than 1500 brands of clothes, footwear and accessories with discounts up to 90% on closed sales; online boutique KupiLUXE.ru, online store ShopTime.ru with a big range of family goods, as well as KupiVIP E-Commerce Services division which offers ready solutions in the field of e-commerce (creation and development of on-line stores with further on-line support. Some of the created on-line stores are the following: adidas.ru, mexx.ru and tsum.ru). Besides, there is a special KupiVIP German division located in Berlin, which offers the best European brands for sales on our Russian sites. It allows the company to be the exclusive representative for some European brands in the territory of Russia and the CIS.

f

frisco.pl

f
Year of investment: 2012
Trade: e-commerce
Country: Polska

Leader of the Polish e-grocery market among pure players.

Frisco.pl, created in 2006, is the leader of the Polish e-commerce in food products (e-grocery) and the largest company in this segment operating in online distribution only. The company is distinguished in the e-grocery segment by having the most modern completion center in Central Eastern Europe and the most advanced order processing system. Unlike competitive systems, the order completion process is highly scalable allowing it to handle a very large increase in the number of orders. It is an advantage appreciated by competitors who know the specificity of the e-commerce industry. Thanks to this, the company was chosen as the supplier of integrated e-commerce services by the most recognized FMCG brands in Poland. Frisco is also the leader in customer service quality in its segment with features unattainable for competitors.

m

morele.net

m
Year of investment: 2011
Trade: consumer electronics, e-commerce
Country: Polska

Polish e-commerce market leader in the sector of IT/consumer electronics distribution.

The company was created in 2000, and since then it is managed by its two founders. Their philosophy was to create a customer-friendly and simple place to shop for electronics. Morele.net has a strong market position achieved by its effective strategy and competent managing team. Currently, with an offer of over 50,000 products (more than half readily available) Morele.net is one of the leaders in the Polish market. By focusing on modern technological and organizational solutions, the company is able to provide top-quality service to over 100,000 people visiting the website of Morele.net and its netPunkt pickup facilities every day.

b

biotech

b
Year of investment: 2010
Trade: biotech
Country: Polska
g

geewa

g
Year of investment: 2007
Trade: digital entertainment
Country: Czechy

Publisher and developer of online games.

The company founded in the Czech Republic in 2005 develops and distributes online games using its own Internet platform (the portfolio has over 20 games), enhanced with social networking features. Since May 2009, it offers online games on Facebook. In 2013 Pool Live Tour, the most popular billiards game on Facebook, reached 2,5 million daily users and the company made the list of “TOP 10 Facebo­ok game developers” since 2012. Since 2013 Pool Live Tour is available for mobile devices running iOS and Android. Currently, the total number of users of Geewa games exceeded 12,5 million monthly (according to Google Analytics). The company’s revenue comes from subscriptions, virtual in-app purchases by gamers and advertising.

The company is one of the leading businesses in the industry and invests in upscaling its activities to markets with above average revenues generated by gamers as well as it is strengthening its position on the online games market by introducing its products to the segment of mobile games.

inti

intymna.pl

inti
Year of investment: 2007
Trade: e-commerce
Country: Polska

Leader in online sales of ladies lingerie. The company established in 2001, is the leader in online sales of lingerie in Polish e-commerce. The store also offers clothing, accessories and jewelry as well as cosmetics products. Several hundred thousand users visit the e-store every month. Intymna.pl ranks in the top 10 most popular online stores (according to the report “E-commerce 2009″ – 3rd Edition – September 2009, “Internet Standard,” No.1 in the ranking of Top Online Stores 2010 by “Wprost” weekly and Money.pl).

o

optizen labs

o
Year of investment: 2003
Trade: mobile advertisement
Country: Polska

The first company in Poland to offer mobile advertising to clients.

The company is the only distributor in CEE of Adobe solutions for large publishers, enabling them to publish newspapers and magazines for tablets and develops its advertising network for tablets and smart phones. Furthermore, OptizenLabs develops mobile applications for corporate clients and offers on products and services (entertainment and communication solutions for mobile devices). The company targets it services on the media market (applications/software solutions) and marketers (advertising agency and network services).

AAW-X

AAW X Sp. z o.o. S.K.A.

AAW-X

  

Files to download:

Completed investments
d

digital avenue

d

Capital group gathering online companies operating in digital entertainment.

Digital Avenue is a company that was one of the first to make its debut on the NewConnect market of the Warsaw Stock Exchange in August 2007. It aims to grow and increase value of its projects by delivering content, services, entertainment and new solutions for broadly understood lifestyle websites.

Digital Avenue, the publisher gathers innovative online and mobile projects and builds virtual communities around them. Portals of the Group are frequented by over 2 million real users (Megapanel, September 2012) and this number is constantly growing. Page views exceed 40 million with over 1.2 million registered users.

invia

Invia

invia

e-Travel market leader in CEE and CIS.

The company was conceived in the Czech Republic in 2002, gaining the leading position on the online travel market in Czech, Slovakia and Hungary. Invia offers travel packages, hotel bookings and flights. The company cooperates with over 300 tour operators and offers more than 8000 travel packages making it the broadest offer on the market. The Invia.cz website has over 210,000 registered users generating about 700,000 unique page views every month. In June 2009, the company acquired NetTravel.cz giving it control of 60% of the e-travel market in the Czech Republic and Slovakia. In 2011, the company acquired Travelplanet, the Polish e-travel leader significantly strengthening its position on the Polish market. In H2 2012, the company began expansion to the hugely prospective Russian market where it develops its activities through the Travelata project.

 

investment-1[1]

Złote Myśli

investment-1[1]

Publisher and distributor of audio/e-books.

Złote Myśli Publishing is the largest digital publisher in Poland. The company began its activities in 2004.

The publisher focuses on practical self-help books in the field of motivation and broadly understood success literature published in the form of electronic books (e-books). In addition to electronic books, Złote Myśli also publishes audio books and video materials (DVD and VOD); however the company raises most of its revenue from selling e-books and their printed versions.

retailinfo1[1]

Retail Info

retailinfo1[1]

Price comparison engine and commercial offer aggregator.

The company was founded in 2000, handling online promotional offers for the retail chain partners. Its operations cover the Slovak, Czech and Polish markets. The company’s main activity is publishing websites aggregating promotional offers available to clients visiting supermarkets, consumer electronics stores, garden and DIY stores (brochures, promotional catalogs). Retail Info also operates so-called price comparison engines for products offered by online stores. In 2010, the company launched the group purchasing website Slevopolis.cz jumping to 5-6 place in terms of market share.

nexto[1]

Nexto.pl

nexto[1]

Distributor of electronic press e-books and audio books.

Nexto.pl operates since 2005, the company operates through online sales of audio books (about 1300 titles), e-books (about 16000 titles) and electronic press through its website Nexto.pl, mobile applications for Android/iOS and one of the largest partner networks in Poland – Nextranet.pl. The company also delivers content for Poland’s largest mobile service providers (Polkomtel, TP/Orange, Play) through dedicated solutions and cooperates with manufacturers of phones and tablets (Samsung) where the Nexto.pl mobile app is preinstalled.

investment-4[1]

Mall.cz

investment-4[1]
Year of investment: 2010
Year of exit: 2012
IRR: 174,42%
Trade: e-commerce
Country: CEE
travelplanet[1]

Travelplanet.pl

travelplanet[1]
Year of investment: 2000
Year of exit: 2011
IRR: 59,95%
Trade: e-commerce, e-travel
Country: Polska
One2One[1]

One2One

One2One[1]
Year of investment: 2006
Year of exit: 2011
IRR: 104,92%
Trade: mobile advertisement
Country: Polska
s4e[1]

S4E

s4e[1]
Year of investment: 2001
Year of exit: 2010
IRR: 17,03%
Trade: IT
Country: Polska
cliax[1]

Clix Software

cliax[1]
Year of investment: 2005
Year of exit: 2007
IRR: 33,67%
Trade: IT
Country: Polska
comtica[1]

Comtica

comtica[1]
Year of investment: 2005
Year of exit: 2007
IRR: 74,44%
Trade: IT
Country: Polska
Process4E

Process4E

Process4E
Year of investment: 2000
Year of exit: 2003
IRR: 20,63%
Trade: IT
Country: Polska
Management team
tomasz_czechowicz

Tomasz Czechowicz

Fund manager

  • Holder of M.Sc. in Enterprise Management from the Wrocław School of Economics. He also completed a post-graduate management course at the Warsaw School of Economics and obtained the Master of Business Administration title from the University of Minnesota.
  • Entrepreneur since 1985. For the past 20 years, Venture Capital/Private Equity investor, founder and Group Managing Partner @ MCI Capital - one of the leading European private equity groups with focus on technology and digitalization. In 1990-1998 Co-founder and CEO of JTT Computer SA - leading CE computer manufacturer with USD 100M+ revenue.
  • Selected as one of Top-20 best Polish managers in 2015 by Bloomberg Business Week. Guest speaker at many PE/VC conferences, including NOAH. Supervisory board member and advisory board member of many of MCI funds portfolio companies across Europe. In 2001 the World Economic Forum awarded Tomasz Czechowicz with the title of Global Leader for Tomorrow for his exceptional feeling for the market, professionalism, vision and business efficacy. In 2000 one of the TOP-10 most influential people in the European Internet by Business Week.

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Private Equity Managers S.A.

MCI.TechVentures

Warsaw Spire

1 Europejski Sq.

00-844 Warsaw, Poland

danis@pemanagers.eu
(+48) 22 540 73 80
danis

Tomasz Danis

Fund manager

  • Performs the function of Partner
  • He worked for LinkedIn in California, where he was responsible for the creation of the competition strategy on the European market.
  •  From 2002 to 2005 and from 2007 to 2012, he was employed at McKinsey & Company, where, as Engagement Manager, he was in charge of the implementation of strategic and investment projects (including M&A) for top European companies focused on telecommunications and media, but also for leading power industry, fuel sector, FMCG and Private Equity players.
  •  In 2012, he took the function of Managing Director at Rocket Internet CEE, the world’s largest e-commerce project incubator, where he was responsible for the identification of new investments, raising capital, establishing new start-ups and development of Rocket’s portfolio of growth-stage companies.

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Obraz1

Sylwester Janik

  • Sylwester has 20 years of experience in venture capital investments, strategic management and new business development. During his 7 years with MCI Capital Group, he completed a number of investment projects and exits, as well as successful fundraising of new fund managed by MCI (Internet Ventures Fund).
  • Sylwester holds an MBA in Strategic Management of Technology and e-Business from Cass Business School in London, UK, and a Master degree in Economics from Gdańsk University, Poland.

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