Digitization doesn't mean that the desire for recognition will disappear. Recognition remains a fundamental aspect of global culture. People have always cherished being acknowledged for their hard work. In the past, this acknowledgment often came in the form of medals for wartime contributions. Today, it also includes certificates for skills or achievements, even in online games. This domain is experiencing a significant transformation as we transition from physical to digital documents, and Certifier aims to be at the forefront of this change
Sergey Butko, co-founder and CEO of Certifier.
Certifier perfectly aligns with our vision of the future of education, where credible, fast, and digital verification of specific competencies will become increasingly important. This requires a platform that automates this process for companies and employees and, through APIs, allows easy data exchange with external systems. The demand for such a solution, as well as the team's competence in building a company in a Product-Led-Growth model, is confirmed by Certifier's rapidly growing revenues, with over 80% coming from the UK, US, and Canada. It's worth noting that the company achieved this with exceptionally low investments – which is more important today than ever before. Investing, we firmly believe that the company's founders, Sergey and Vlad, as experienced entrepreneurs, have the potential to redefine this category on a global scale
Artur Banach, Partner, Movens Capital.
Certifier helps companies to handle all stages of the certification process, such as creating documents, managing the process, distribution, analysis, and hosting the created documents. What sets this Polish startup apart from its competitors is its focus on non-touch sales via building network effects. Certifier tailors its solution to meet the needs of small and medium-sized companies, without being limited to large enterprises only.
– Now over 400 companies are our customers, but we are still a very young company. That's why we plan to invest most of our resources in product development over the next two years. Moreover, we aim to build a company with a global brand that operates from Europe and leverages the advantages of our region
Vlad Turak, co-founder and CTO of Certifier
As the first VC to invest in Sergey and Vlad's company, we are pleased to welcome new investors on board. Due to the dynamic growth of the business, we decided to make a follow-on, which is part of our investment strategy. Since our initial investment, the company has increased its revenue more than twenty times. Thanks to the development of the product and addressing the needs of successive groups of customers, Certifier has a chance to grow even faster in the coming years.
Wojciech Drewczynski, Principal, Black Pearls VC
Black Pearls VC is an early-stage venture capital firm focused on supporting the leading tech companies from the Baltic Sea Region. It invests in early stages with a typical ticket of anywhere between €100k - €1m. Black Pearls VC is a part of the Kauffman Fellows, a global network of 700+ leading VCs.The fund's investments include Autenti, Telemedi, Enso, eAgronom, and the unicorn GoCardless. Thanks to its investment strategy, the fund has exited four investments over the past two years, returning capital to investors with a profit. The Black Pearls VC management team is preparing for further exits from portfolio companies and launching a new fund covering countries in the Baltic Sea basin.
Movens Capital – venture fund, that investing in the most ambitious tech startups from CEE. Founded by former entrepreneurs, it actively supports founders in the early stages of building European and global tech gems. The fund has previously invested in companies like Vue Storefront, Packhelp, StethoMe, Woltair, SKY ENGINE AI, Demoboost, and Talkie.ai. Movens VC focuses on companies that will revolutionize traditionally large industries, mainly through the use of AI/ML in process automation, companies providing solutions for ecommerce, and startups operating in marketplace or SaaS models. In 2022, Movens Capital ranked among the top 5 venture capital funds in Poland according to Dealroom Prominence Rank and was also a finalist in the 2022 Business Angel of the Year Venture Awards. In 2023, Movens VC announced the creation of another fund with a capitalization of 60 million EUR.
FundingBox Deep Tech Fund – invests in companies at their early stages of development. The condition for investment is a unique combination of the team and the technology being developed. The fund's investments and support allow companies to accelerate growth and achieve international sales. The fastest-growing of the fund's several investments have seen a 20-fold increase in revenue within two years. The fund has invested in companies like Vumo, Quantee, Gyfted, Infino Legal, and TrustLynx.
DEPO Ventures – a Czech venture fund managing portfolio companies and an international consortium of investors, The DEPO Angels, responsible for funds and an international network of business angels. It focuses on early-stage startups from Central and Eastern Europe and the Baltic Sea region. Its portfolio includes companies like Tatum, Bike Fair, Blockmate, Spendee, Beem, Neuronix, Ringil, GitGut.ai, DriveX, Bolt, Zenoo, Otis, Kardi AI, Beecom, SmartGuide, Readmio, and Tapline.
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