Poland a Key Focus for Kaya
Run by Tomas Pacinda and Karel Zheng, the fund will back 25 early-stage tech companies across start-up to Series A, with the average investment being anywhere from €1-3 million and investments hitting up to €20 million in follow-on funding.

Kaya, which was launched in 2010 as Enern Tech, controls €300 million in assets and has stakes in 45 companies, including Rohlik, Jutro Medical, and Better Stack.

Warsaw Becomes Strategic Hub
That’s also an advantage for  startup Poland, according to Pacinda, who says that institutional backing, including from PFR, has helped speed the market along — something that the Czech ecosystem hasn’t yet impressed with.

Zheng described Kaya as having a strong presence in Poland, with the team often spending more than one week each month in Warsaw. The fund continues to focus on the city as part of a long-term strategy, Mr. Gross said.