Tar Heel Capital Pathfinder VC II, with a capitalization of over 80 mln PLN, has kicked off. The fund, managed by Radosław Czyrko and Arkadiusz Seńko, plans to invest in approximately 30 startups, primarily in fields such as AI, SaaS, Marketplace, CleanTech, EdTech, Medtech and Cybersecurity, exceeding a 100 mln PLN capitalization. The fund’s team is already analyzing the first potential investments.
Tar Heel Capital Pathfinder in its new iteration will continue to invest in pre-seed and seed technological projects from a wide range of industries and business models. It will utilize funds from the Polish Development Fund’s Starter 2.0 program and private investors. Startups can expect to receive funding of up to 5 mln PLN, with the possibility of follow-on rounds.
“We have a ready-to-go team that is already analyzing projects for the first investments of the new fund. We are pleased that we can seamlessly continue to build value for the startup ecosystem, in which we as the Pathfinder Group have been operating for several years,” comments Radosław Czyrko, Managing Partner at Tar Heel Capital Pathfinder.
The first Tar Heel Capital Pathfinder VC fund, the predecessor of the new investment vehicle, which invested the resources of the Starter program in the years 2019-2023, provided capital support for 14 startups, including Wellbee, Selmo, Multilango and Teleradius. The Pathfinder Group also has companies such as PlumResearch and Gamivo in its portfolios, and has successful exits under its belt, including divesting from Unikrn, purchased by global betting giant Entain, and the noteworthy sale of RemoteMyApp to Intel Corporation, which was the tech giant’s first acquisition in Poland.
“Our adopted and tested model of operation involves in-depth work with companies that we invite to join our portfolio, both before and after an investment is made. We work closely with founders, supporting them in refining their business model, market strategies, and product. This yields noticeable results at later stages of project development, including securing subsequent rounds and exits,” adds Arkadiusz Seńko, co-managing the new fund.
The first Tar Heel Capital Pathfinder VC fund has already exited from Wrocław-based company Primetric, purchased by BigTime, a leading American provider of professional services automation (PSA) software.
“At the end of 2023, we concluded the investment period for the Tar Heel Capital Pathfinder VC fund. The first exits from investments, along with the exit that we are currently working on, allow us to plan to return the capital invested to date to investors before the end of this year. We still have a dozen or so companies in our portfolio, some of which are developing so promisingly that the fund may ultimately bring a multiple return on investment across the entire portfolio,” says Radosław Czyrko.
Source: https://managerplus.pl/nowy-fundusz-tar-heel-capital-pathfinder-z-docelowa-kapitalizacja-100-mln-zl-gotowy-do-inwestycji-77875
