Top 10 Most Promising Startups in Poland 2022
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Loading... - Robert Armstrong
- 13 Jul 2022
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It’s an excellent spot to establish a startup to expand into other EU (Europian Union) markets. Polish firms, like the many multinational players in this industry, have come to understand startups and are eager to collaborate. Many of them operate their accelerators, and others have established Corporate Venture Capital funds.
Although the Polish venture capital market is only a decade old, the groundwork has already been laid. Half of the 130 VC firms are currently raising their second or third round of funding. State assistance is no longer the only option for entrepreneurs and startups in the region. In the Poland market, promising entrepreneurs looking for up to EUR1 million can readily find seasoned investors. They will, however, need to explore outside of Europe for rounds larger than EUR1 million.
Looking at top Poland startups like Booksy, Brainly, and DocPlanner, it’s very likely that Poland will see its first unicorns in the not-too-distant future. We can detect an upsurge in firms having AI components onboard in Startup Poland’s yearly research. As a result, this branch will likely develop faster than the others. On the other hand, we’re seeing a lot of new startups focusing on FoodTech or green solutions, and this could be the next big thing after FinTech and Big Data.
The absence of private cash put into the system by investors has long been one of Poland’s major flaws. However, this year has shown that Polish VCs are beginning to raise larger amounts of private cash and can co-invest in later rounds. This trend appears to be heading in the correct direction, with a group of self-contained funds capable of delivering investments on par with French or German funds in 5+ years.
Poland’s competitive advantage is based on its ability to attract top-tier technical expertise. Poland has twice as many engineers as Romania, according to Dealroom. More founders can find a market fit for their goods and then seek larger, international investments because local seed financing is readily available.
According to a new survey, Poland has more startups valued at more than $1 billion than any other CEE country. The Google and Dealroom analysis, titled ‘Coming of Age: Central and Eastern European Startups,’ examines the region’s startup growth over the last 11 years, during which time the region’s company valuation has risen from about 10 billion EUR in 2010 to 186 billion EUR this year.
These are the Most Promising Startups in Poland in 2022.
1. Brainly
Sector- Education Technology, E-Learning and Education
Products & Services- Online Learning Services
Founders- Tomasz Kraus, Lukasz Haluch and Michal Borkowski
Date Of Starting- 2009
Company Stage- Series D
Number of Investors- 12
Key Investors- Naspers, Prosus, Point Nine and General Catalyst Partners
Funding Rounds- 6
Total Funding Amount- $ 165 Million
Valuation- $ 480 Million
Brainly is a learning resource for pupils in schools. Teachers, parents, and kids all use it. Users can ask questions on a variety of topics, answer questions, and receive points for doing so. Math, physics, history, algebra, and other disciplines are among those studied. Students and parents can obtain homework and study help from peers and experts on Brainly, an online learning platform. The brand was started in 2009 by Lukasz Haluch, Michasz Borkowski, and Tomasz Kraus in Kraków, Malopolskie, Poland, and is now available in 35 countries.
Students utilise Brainly to improve their skills in a variety of topics, including English, math, science, and social studies. They can connect with their classmates, subject matter experts, and professional instructors to discuss their topics and get answers to their queries via the platform. Users are required to provide an explanation as well as a source for their responses. The questions are organised by subject, nation, and school level. In the paper quoted, there is no mention of parents, teachers, subject matter experts, or students’ assistance.
On Brainly, users are ranked according to their frequency and quality of responses. Some levels are awarded automatically if you gain a certain number of points or provide a certain number of high-quality responses to questions. Users can also apply for “special rankings,” which are given out for excelling in certain topics or meeting other requirements. Professional teachers are also given teacher ranks on the platform. Users who have answered the most questions or won the most points on a set of leaderboards are featured on the website. Daily, weekly, monthly, and quarterly leaderboards are available.
Brainly is currently available in 35 countries and is based in Kraków, Poland, with its US headquarters in New York City. Naspers, General Catalyst Partners, Point Nine Capital, Runa Capital, and Learn Capital are among the existing investors who have contributed a total of $150 million. The startup received another round of fundraising in October 2014, this time from General Catalyst Partners, Runa Capital, and other venture capital firms. The $9 million investment allowed for more product development as well as the establishment of the company’s US headquarters in New York City.
Another investment round of $18 million in debt and equity was announced in May 2016. Brainly purchased OpenStudy in the United States in June 2016. Brainly raised $14 million in a fundraising round led by Kulczyk Investments in October 2017. The startup was earlier created as Zadane in Poland in 2009. Within six months of the launch, the first million unique monthly users were reached. Zadane was renamed Brainly in March or April 2017. According to the company, Brainly is solely a peer-to-peer platform.
Brainly is a Poland-based educational technology startup with offices in New York City. Students, parents, and teachers can ask and answer homework questions on a peer-to-peer learning network. There are also gamification features such as ranks and points. The site enables users to join an online community by responding to questions posted by other users. As of November 2020, Brainly was the most popular education app on earth, with 350 million monthly users.
Micha Borkowski is currently the chief executive officer of the startup. The startup is the world’s largest student, parent, and teacher peer-to-peer learning network. Students connect at brainly.com and its network of websites throughout the world to receive and offer help with homework problems and questions. Students have the unique ability to freely ask questions and build the confidence that comes from helping others, which motivates them to study in a collaborative community with over a million monthly users. Read More…
