Black Swan Fund is a venture capital firm based in Warsaw, Poland, that co-invests with business angels in early-stage startups. It evolved from the Black Swan Business Angel Club, initiated by the Enterprising Women's Network, connecting individual investors with startups. The fund is part of the PFR Biznest FIZ program, managed by PFR Ventures, with a capitalization of PLN 30 million, aiming to co-invest nearly PLN 60 million with business angels.
Is Black Swan Fund the right investor for your startup? Browse their investment focus, stage preferences, and geographic scope to see how well they align with your fundraising goals. Your full match score with Black Swan Fund, along with a list of other relevant VCs, is available on Hopohopo.io.
Stages
Seed
First ticket size
PLN 1,000,000 - PLN 1,000,000
When approaching Black Swan Fund, emphasize your ability to leverage strategic partnerships and highlight any traction or validation from business angels, as the fund values strong co-investor alignment. Demonstrate a clear path to early market fit and scalability, as they prioritize startups with credible growth potential and founders who can articulate how angel support will accelerate their journey. Show openness to collaboration and a readiness to engage with a hands-on investor network.
Stop wasting weeks searching for the right investors. Upload your deck and get matched with investors who actually fit your startup — so you can focus on building, not chasing.