Transactions
Started by a team of Polish founders in New York, Deep.BI creates advanced AI-based analytical solutions for digital media publishers. In May this year, the company raised a seed round of PLN 4.8 m (EUR 1,1 m) total  from Black Pearls VC (PLN 3m, EUR 700k) and a few Polish business angels (PLN 1,8 m, EUR 400k) involved with the media industry. Also recently, National Center for Research and Development supported Deep.BI with PLN 7 m (EUR 1,6 m). Deep.BI tools are already used by Gremi Media, SME, De Groene Amsterdammer and Human Rights Watch.

2 months ago

People
The EU's Horizon 2020 perspective ends in two years. The European Commission is already developing a new model for the functioning of the SME Instrument deigned for small and medium-sized enterprises with a radical innovation that can disrupt established value networks and markets. What has been changed? Project evaluation has been transferred from the Commission's officials' hands to European Innovation Council consisting of experts from private sector (entrerpreneurs, business angels, VC managers). 

2 months ago

Portfolio Companies
The idea of cooperation between Quantum Lab and Energa (Poland's third largest energy distribution system operator) is to use Quantum Welcome and Quantum Feedback for analysis of emotional reactions of Energa customers and increase the quality of customer service. 

3 months ago

Portfolio Companies
VoiceLab.AI, together with Comarch S.A., will set up a system for automatic speech transcription and management of the transcription process for  Polish common courts. The contract value is PLN 11 mln (EUR 2,6 mln).

3 months ago

Portfolio Companies
Tomasz Plata explains how e-signature works and why 90% of business documents don't have to be signed by hand. 

3 months ago

People
Maciek Skórkiewicz shared some of his thoughts on exit strategies and why startup founders should consider them before they start fundraising. Check his latest medium.com post. 

3 months ago

Transactions
Black Pearls VC has invested PLN 2.94 million (EUR 700k) in Insly, a company that created an innovative software supporting insurance agents and brokers in effective management of sales and customer service activities. The transaction has an international character: our co-investors in the round of nearly PLN 9.2 million (EUR 2.2 million) are: Concentric Ventures and London Co-Investment Fund. Insly is already present in many European countries - including Britain, Lithuania and Latvia and has been founded in Estonia.

4 months ago

Transactions
Black Pearls VC invests PLN 3m (€ 720k) in iGRID – a startup using industrial internet of things (IIOT) and fog computing technologies for the needs of the energy industry. In 2017, iGRID tested its solutions on the network infrastructure of Tauron Distribution, as part of the ScaleUP Pilot Maker program. Thanks to the promising effects of the pilot, TAURON and iGRID signed an agreement to continue cooperation in 2018 at the end of last year.

6 months ago

People
Our Bogdan Zhukevych visited Ukraine lately to take part in Seedstars CEE and Kyiv Tech Hub. Check out his insights and comments on Ukrainian ecosystem in his medium.com blogpost. 

6 months ago

Transactions
After nearly two and a half years, Black Pearls VC completed the investment in PHK, a company working – under Hem Poland brand – in the field of industrial hemp cultivation and processing. As the result of selling PHK shares, Black Pearls VC received several times return on invested capital.

7 months ago

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