animated clouds animated clouds

everything is like a dream,
therefore anything is possible

people matter
work on what’s truly important

We help founders from day zero, when the DNA of their businesses first takes shape

At PIF, we care about the health of people and the environment in which they live. We attract doctors, engineers, programmers and entrepreneurs who share these values and want to bring breakthrough concepts to market. We want to partner with those who are passionate and driven. We choose not to work with people who are primarily interested in making money. We invest in entrepreneurs with a passion to innovate in healthcare and green technologies and turn them into world-changing businesses.

EBAN honored us with the Impact Investment of the Year in Europe (2010)

have courage
– ignore conventional wisdom

Most venture capital (VC) investments fail—not because the product is wrong or the market does not exist. If it were the case, VCs would not have invested at the first place. The principle reason start-ups fail is poor execution. Most technical entrepreneurs – especially in emerging economies like Poland – are either too young or the come from the ivory tower of academia. They have never worked in real businesses, let alone managed one.

PIF supports them with in three non-financial ways:

1) A shared service center for the accounting, legal, IT and presentation needs of our portfolio companies.
2) Business experience. Each of our partners has over 20 years of experience. We have been directors of major international consultancies, as well as CFOs and CEOs of operating firms. Early on, we identify missing and recline in each team and recruit missing executives. We personally and actively support each team through consulting and mentoring.
3) Expertise. We work with business and technical experts, in Poland and abroad, in healthcare and green technologies.

don’t assume — analyze

We prefer brutal honesty to hypocritical politeness. We seldom vote against management teams in our board roles, but we can have strong opinions.

Once we pick a management team, we back it and don’t second-guess it. We are less about sweet talk and more about helping you build a business. We are definitely not about controlling ownership in your business.

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Wojciech Szapiel

Managing Partner

Wojciech specializes in creating and implementing innovation strategies, technology transfer processes and improving the operational efficiency. He has over 20 years of experience gained from working for reputable companies in Poland and UK, including 10-years in PE/VC. He obtained a diploma in Private Equity & Venture Capital from Bocconi University (Milan). He is a Certified […]

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Wojciech Szapiel
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Wojciech Szapiel

Managing Partner

Wojciech specializes in creating and implementing innovation strategies, technology transfer processes and improving the operational efficiency. He has over 20 years of experience gained from working for reputable companies in Poland and UK, including 10-years in PE/VC. He obtained a diploma in Private Equity & Venture Capital from Bocconi University (Milan). He is a Certified Advisor of the Strategic Planning and Performance Management Systems – a methodology developed by prof. Flamholtz – an outstanding lecturer of UCLA Anderson School of Management (Los Angeles). He was a subject-matter expert at European Commission – Directorate General for Research and Innovation in setting up a pan-European Funds-of-Funds (FoF) Programme.
Wojciech is an author and co-author of several implemented organizational changes and development strategies in various industries; energy, finance, ICT. He was an Investment Director in Science2Business – the largest incubator of innovation to the Polish scientists, engineers and creators. He executed numerous ‘knowledge brokering’ projects for scientists, providing them with the knowledge and tools necessary for entering the investment process. In addition, he developed strategy for Science & Technology Park located in southern Poland. Wojciech is a lecturer at various universities and frequently speaks in on innovation, leadership and entrepreneurship.

Wojciech graduated from the Warsaw University of Technology Business School prestigious program of the Academy of Leadership Psychology. He also holds a degree in Intellectual Property Law from University of Gdansk, Finance Management from Leon Kozminski Academy, MA in Quantitative Methods in Economics & Information Systems from Warsaw School of Economics and BA in Management from National Louis University. He is currently studying the Corporate Innovation at the Stanford University.

Piotr Bendykowski

Managing Partner

Senior executive with a solid track record of rapid and radical improvement in both top and bottom line. Piotr’s 30-year career has been split almost evenly between consulting firms and non-consulting firms. As Senior Consultant at KPMG, Senior Associate at McKinsey and Country Head of Insurance and Strategy at Accenture, he participated in and led […]

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Piotr Bendykowski
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Piotr Bendykowski

Managing Partner

Senior executive with a solid track record of rapid and radical improvement in both top and bottom line.
Piotr’s 30-year career has been split almost evenly between consulting firms and non-consulting firms.
As Senior Consultant at KPMG, Senior Associate at McKinsey and Country Head of Insurance and Strategy at Accenture, he participated in and led dozens of projects lasting from several weeks to two years for clients small, medium and large in the Czech Republic Poland, Russia, UK, and USA.
As CFO and CEO of firms with employment in 2-4 digits in Poland and USA, he led department-wide and company-wide transformations which resulted in 2-3 digit growth of revenues and growth of profitability from high negative to solid positive figures. He rescued two companies from bankruptcy and brought them to leading positions in their markets.
He has hands-on and consulting experience in diverse industries: banking, insurance, private equity, healthcare, hi tech, IT, manufacturing, FMCG, wholesale, retail, real estate, printing, agriculture. While his focus is on strategy, he is well-versed in finance, marketing and operations.
Piotr holds an MBA from Stanford, where he was an Arjay Scholar in recognition of his academic performance: top 10%. He also holds a BS in Civil Engineering from MIT, where he was elected to Tau Beta Pi and Chi Epsilon engineering honor societies, again in recognition of his research and academic performance (top 10%). He received International Baccalaureate, at an international boarding school in the UK.
Piotr is a licensed pilot, sailor, diver, kayaker and lifeguard. He spends his free time cycling, canoeing, hiking and exploring exotic spots from Japan in the East to Galapagos in the West.

Dariusz Brzeziński

Managing Partner

Dariusz has twenty-five years of experience in high managerial positions. He worked in Ernst & Young Poland, at the beginning as a Chief of Market Advisory Department and next as a Senior Manager and Chief of Strategy and Operational Improvement Department. He also served as a Vice-President and Chief Operations Officer of Capgemini Poland, then […]

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Dariusz Brzeziński
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Dariusz Brzeziński

Managing Partner

Dariusz has twenty-five years of experience in high managerial positions. He worked in Ernst & Young Poland, at the beginning as a Chief of Market Advisory Department and next as a Senior Manager and Chief of Strategy and Operational Improvement Department. He also served as a Vice-President and Chief Operations Officer of Capgemini Poland, then Vice-President of DGA SA and President of APAX Consulting Group. He has successfully managed and built up organizations up to the level of several thousand people employed.
He has over 10 years of investment experience. He supervised the projects of entry and exit of capital for the amount of several hundred million zł.
 
He has many years of consulting experiencein strategic and corporate finance projects for international corporations, including those from the list Fortune 500, leading Polish firms and companies from SME sector.
Dariusz acquired a master’s degree at Warsaw School of Economics. He also finished the management program at Copenhagen Business School in Denmark and many specialized courses and trainings.

Marcin Łaskawski

Managing Partner

Marcin is an expert in strategy, operational efficiency and business development. Developed and implemented a number of projects to optimize business activities and restructuring programs for multinational corporations, leading Polish companies and firms from the SME sector. He participated in the investment’ processes of a value exceeding 1 billion euro (M&A / greenfield). Experience in […]

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Marcin Łaskawski
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Marcin Łaskawski

Managing Partner

Marcin is an expert in strategy, operational efficiency and business development.
Developed and implemented a number of projects to optimize business activities and restructuring programs for multinational corporations, leading Polish companies and firms from the SME sector. He participated in the investment’ processes of a value exceeding 1 billion euro (M&A / greenfield).
Experience in the area of strategy, process optimization, change management, financial controlling and operating gained in consulting firms (Arthur Andersen, Ernst & Young), international corporations (Carrefour Group) and Polish companies, at the highest levels of managerial. Marcin is active in the area of new technologies and projects at an early stage of development. He participated in the structuring and verification of dozens of innovative startups.
He graduted from University of London with the MBA from the financial management. In addition, he completed management & marketing, and strategic management at the National Louis University (BA/MA), dedicated management program for financial directors in the ESCP-EAP (Paris) and a number of specialized courses and training.

Tomasz Filipek

Partner

Tomasz combines consulting experience with many years of managerial practice in financial services, pharmaceutical, energy, consumer goods and retail sectors. For the last 15 years Tomasz has been managing projects in strategy development and implementation, restructuring as well as merger and acquisitions areas. He worked for large privately owned companies, small and medium enterprises as […]

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Tomasz Filipek
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Tomasz Filipek

Partner

Tomasz combines consulting experience with many years of managerial practice in financial services, pharmaceutical, energy, consumer goods and retail sectors.
For the last 15 years Tomasz has been managing projects in strategy development and implementation, restructuring as well as merger and acquisitions areas. He worked for large privately owned companies, small and medium enterprises as well as state owned companies and government agencies. He worked for largest consulting and technology practices (Ernst&Young, Capgemini, IBM). At IBM we was among others responsible for IBM’s expansion in Central and Easter Europe via acquisitions of ICT companies.
As manager he created one of the first pharmacy chains in Poland. In financial services sector Tomasz created and implemented expansion strategy of KBC Group in Europe, including establishing greenfield operations in Romania. As a KBC Consumer Finance country manager in Poland he integrated all consumer finance assets in one business unit. He also run his own mid-sized manufacturing company cooperating with largest retail chains across Europe.
Since 2004 he has been running own consulting practice focusing on profit improvement, strategy, expansion as well as financing and mergers and acquisitions. Tomasz alsodelivers pro-bono consulting for start-up’s.

Jacek Ostrowski

Partner

Jacek is a top executive manager with strategy consulting background proven in transitional environment especially in the healthcare sector. Up to 2015 he held a CEO position in one of the largest Polish food&beverage businesses. Previously, Jacek was an Advisory Director in PwC, leading the Strategy Group in Warsaw, where he did around 100 consulting […]

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Jacek Ostrowski
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Jacek Ostrowski

Partner

Jacek is a top executive manager with strategy consulting background proven in transitional environment especially in the healthcare sector.
Up to 2015 he held a CEO position in one of the largest Polish food&beverage businesses. Previously, Jacek was an Advisory Director in PwC, leading the Strategy Group in Warsaw, where he did around 100 consulting projects across CEE.
Jacek has got unbeatable consulting experience in healthcare. In PwC he built and led one of the most experienced team of healthcare market consultants in Poland. His clients in this area were the most demanding private equity investors as well as global market leaders in the healthcare sector (e.g. Bupa, Euromedic, InterHealth Canada, Sanofi-Avensis).
Jacek holds MSc in Economics from Gdansk University.

Marek Racięski

Partner

Marek combines extensive knowledge and competence in international expansion process management and introducing companies into foreign markets, operational management and sales. He has broad experience gained in international corporations. His former employers include JP Mergers & Finance, one of the leading German companies in the scope of M&A, technological and financial consultancy (Partner, Senior Adviser), […]

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Marek Racięski
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Marek Racięski

Partner

Marek combines extensive knowledge and competence in international expansion process management and introducing companies into foreign markets, operational management and sales. He has broad experience gained in international corporations. His former employers include JP Mergers & Finance, one of the leading German companies in the scope of M&A, technological and financial consultancy (Partner, Senior Adviser), Capgemini Poland – leader in the field of consulting, technology, outsourcing services (Vice-President), ComArch S.A. (Vice-President responsible for sales strategy development), Danfoss Poland (Vice-President), Digital Equipment Poland (Sales and Marketing Manager and Managing Director, responsible for managing of the Sygneta company in Poland and the Baltic states), Compaq Computer Corporation (Senior District Sales Manager, Europe-Middle East & Africa). In 1993, he collaborated on Polish branch of the Compaq Computer, effectively managing the company’s expansion in the Russian, Ukrainian, Belarusian, Lithuanian, Latvian and Estonian markets.
He graduated from the Advanced Management Programme, INSEAD (France).

Jacek Markowski

Partner

Manager with broad experience in managing and implementation of various, interdisciplinary projects. For more than ten years he worked in leading auditing and consulting companies (Arthur Andersen, Ernst & Young); as a Senior Manager, he was responsible for development and management of teams and methodologists in the field of project and programme management, impaired project […]

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Jacek Markowski
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Jacek Markowski

Partner

Manager with broad experience in managing and implementation of various, interdisciplinary projects. For more than ten years he worked in leading auditing and consulting companies (Arthur Andersen, Ernst & Young); as a Senior Manager, he was responsible for development and management of teams and methodologists in the field of project and programme management, impaired project rescuing, project risk management, as well as business process optimization. He carried out several dozen consulting projects for companies from the power engineering, fuel, telecommunications and financial sector. He specializes in issues from the field of renewable power engineering and waste management.
Jacek graduated from the Szczecin University and Ecole Nationale Superieure Des Mines De Saint-Etienne.

Adam Kopiczko

Partner

Expert in the field of generating business and financial models, financial modelling and project development in such industries as: power engineering, fuel industry, construction, automotive industry. In his professional career, he implemented numerous investment projects, e.g. in the fuel industry, cooperating, for instance, with Exxon Mobil/Esso, DEA, Orlen, Rafineria Gdańska/Lotos. He is the author of […]

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Adam Kopiczko
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Adam Kopiczko

Partner

Expert in the field of generating business and financial models, financial modelling and project development in such industries as: power engineering, fuel industry, construction, automotive industry. In his professional career, he implemented numerous investment projects, e.g. in the fuel industry, cooperating, for instance, with Exxon Mobil/Esso, DEA, Orlen, Rafineria Gdańska/Lotos. He is the author of a publication on alternative vehicle power supply and application of ecological fuels, both in popular and in specialist press.
Adam graduated from National Louis University.

Office:

Polish Investment Fund
Plac Powstańców Śląskich 1/10
53-329 Wrocław
Poland

Tel:  +48 222442051
Email: Office@pif.pl

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