--- title: Black Swan Fund - Startup Match Score & Focus Areas description: Is Black Swan Fund the right VC for you? See how their thesis aligns with your startup and discover more active investors focusing on early-stage and co-investment opportunities. --- [![Höpöhöpö_logo_black](https://27245214.fs1.hubspotusercontent-eu1.net/hubfs/27245214/H%C3%B6p%C3%B6h%C3%B6p%C3%B6_logo_black.png)](https://www.hopohopo.io/?hsLang=io) - [For Startups](https://www.hopohopo.io?hsLang=io) - For Investors & Accelerators - [Screen your deal flow with AI](https://www.hopohopo.io/for-investors?hsLang=io) - [Source deals from co-investors and accelerators](https://www.hopohopo.io/source-deal-flow?hsLang=io) - [Help your portfolio fundraise](https://www.hopohopo.io/portfolio-fundraising?hsLang=io) - [For BANs](https://www.hopohopo.io/business-angel-networks?hsLang=io) - [Pricing](https://www.hopohopo.io/pricing?hsLang=io) - Resources - [Maritime Venture program](https://maritime-venture.com/) - [Startup Fundraising Essentials](https://www.hopohopo.io/fundraising-essentials?hsLang=io) - Investor lists - [EdTech investors in Europe](https://www.hopohopo.io/edtech-investors?hsLang=io) - [FinTech investors in Europe](https://www.hopohopo.io/fintech-investors?hsLang=io) - [HealthTech investors in Europe](https://www.hopohopo.io/healthtech-investors?hsLang=io) - [Climate & Sustainability investors](https://www.hopohopo.io/climate-and-sustainability-investors?hsLang=io) - [Gaming investors](https://www.hopohopo.io/gaming-investors?hsLang=io) - [SpaceTech investors](https://www.hopohopo.io/spacetech-investors?hsLang=io) - [SportsTech investors](https://www.hopohopo.io/sporttech-investors?hsLang=io) - [Enterprise Software investors](https://www.hopohopo.io/enterprise-software-investors?hsLang=io) - [DefSec investors](https://www.hopohopo.io/defsec-investors?hsLang=io) - [Marine Tech investors](https://www.hopohopo.io/marinetech-investors?hsLang=io) - [Mobility investors](https://www.hopohopo.io/mobility-investors?hsLang=io) - [PropTech investors](https://www.hopohopo.io/proptech-investors?hsLang=io) - [Energy investors](https://www.hopohopo.io/energy-investors?hsLang=io) - [Top 10 Active investors in Berlin](https://www.hopohopo.io/top-investors-berlin?hsLang=io) [Log in](https://start.hopohopo.io/) [Sign up](https://start.hopohopo.io/?signup=true) # Black Swan Fund Overview 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. ## Black Swan Fund VC Fund ![Black Swan Fund logo](https://www.hopohopo.io/hubfs/ecosystem-logos-from-platform/13791-7b86562ed3157f6c5c0796d862cf9db9.png) ## Investment focus ### Invest in - Central Eastern Europe 1 / 17 Stages Seed First ticket size PLN 1,000,000 - PLN 1,000,000 ## How to approach funds like Black Swan Fund 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. ## Find the best-fitting investors for your startup 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. [Find your investor matches](https://start.hopohopo.io/?signup=true) ![Investor funnel board](https://www.hopohopo.io/hubfs/Investor%20list%20web%20page%201.png) [Check the next investor profile](https://www.hopohopo.io/investors/centralesupelec-venture?hsLang=io) × ![Hopohopo logo](https://27245214.fs1.hubspotusercontent-eu1.net/hubfs/27245214/HO-Logo_favicon.png) ## Check your match score in Hopohopo.io Check how well Black Swan Fund fits your startup and get a list of the best-fitting investors for your fundraising. [Sign up](https://start.hopohopo.io/?signup=true) × ![Hopohopo logo](https://27245214.fs1.hubspotusercontent-eu1.net/hubfs/27245214/HO-Logo_favicon.png) ## Check Black Swan Fund contact details in Hopohopo.io Browse all of the contacts related to Black Swan Fund and send emails directly from your funnel. [Sign up](https://start.hopohopo.io/?signup=true) - [For Startups](https://www.hopohopo.io/startups?hsLang=io) - [For Investors and Accelerators](https://www.hopohopo.io/business-angels-and-vcs?hsLang=io) - [For Business Angel Networks](https://www.hopohopo.io/business-angel-networks?hsLang=io) - [Blog](https://hopohopo.gitbook.io/fundraising-with-hopohopo/) ### Follow us ![Höpöhöpö_logo_white](https://27245214.fs1.hubspotusercontent-eu1.net/hubfs/27245214/H%C3%B6p%C3%B6h%C3%B6p%C3%B6_logo_white.png) © 2026 Hopohopo.io All rights reserved [Privacy Policy](https://www.hopohopo.io/privacy-policy?hsLang=io) [Terms of Service](https://www.hopohopo.io/terms-of-service?hsLang=io) ![](https://px.ads.linkedin.com/collect/?pid=4090745&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "Organization", "description" : "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.", "logo" : "https://148519842.fs1.hubspotusercontent-eu1.net/hubfs/148519842/ecosystem-logos-from-platform/13791-7b86562ed3157f6c5c0796d862cf9db9.png", "name" : "Black Swan Fund", "sameAs" : [ "", "https://www.crunchbase.com/organization/black-swan" ], "url" : "https://blackswanfund.pl/" } ```