This article is a part of Poland Unpacked. Weekly intelligence for decision-makers
“In line with BGK’s 2025-2030 strategy, we are consistently increasing our equity capital exposure,” said Jarosław Dąbrowski, member of BGK’s management board.
BGK has committed EUR 20 million to Future Energy Ventures (FEV), an international venture capital firm specializing in energy investments and digital and low-carbon infrastructure solutions. The fund targets three sectors: future energy, future cities, and future technologies.
The capital will support the development of Polish technology companies in the growth stage.
Good to know
Energy innovation remains underserved by VC
Energy companies account for less than 3 percent of venture capital financing in Poland, based on last year’s figures.
Investment focused on the Polish Market
The management team includes Polish members, and the fund already has Polish companies in its portfolio.
“We want Polish innovations and climate technologies to have a real impact on shaping the low-carbon economy of the future – both in Poland and globally,” said Jarosław Dąbrowski.
Jan Pałasiński, partner at Future Energy Ventures, notes that Poland is the EU’s fastest-growing economy with a rapidly developing ecosystem of technology companies and startups.
“We’re seeing significant innovation across multiple sectors, including artificial intelligence, climate tech, and digital infrastructure. That makes Poland an ideal location for implementing our investment strategy,” Pałasiński added.
BGK’s 2025-2030 strategy calls for scaling up its equity investments, including commitments to VC funds.
BGK joins Innovate Poland platform
BGK recently joined the public Innovate Poland program as a financing partner, alongside the Polish Development Fund (PFR), the European Investment Fund (EIF), and Powszechny Zakład Ubezpieczeń (PZU), serving as commercial partner. The program has allocated PLN 4 billion (EUR 944m) in total capital for investments in private equity, private debt, and venture capital funds selected through competitive calls for proposals.
The program will formally launch in the coming months, with the goal of stimulating private equity investment and encouraging participation in domestic companies.
Key takeaways
- BGK has invested EUR 20 million in Future Energy Ventures (FEV), an international venture capital fund that finances companies developing innovative energy technologies.
- The FEV team has Polish roots, and the fund already includes Polish companies in its portfolio. The new investment is expected to increase their share.
- "We want Polish innovations and climate technologies to have a real impact on shaping the low-carbon economy of the future," stated Jarosław Dąbrowski, member of the management board of Bank Gospodarstwa Krajowego (BGK).