Enterprise Investors’ venture capital fund closes its first investment

Headquartered in Poznań, Poland, Dystrybucja Polska is currently the fastest growing player on the Polish non-addressed mail delivery market. The company offers a high-quality service in the delivery of non-addressed mail (such as advertising flyers and newsletters) to individual households on the basis of contracts with large retail chains (including Auchan, Real, Tesco, Leroy Merlin) and many other firms targeting individual consumers. In recent years, Dystrybucja Polska has proved successful at winning and retaining new customers, thanks to which it has grown sales by an average of almost 40% a year over the last three years. Given its competitive advantages, the company is well positioned to continue growing its market share and is expected to achieve its goal of becoming the clear leader on Poland’s non-addressed delivery market within the next few years. This year Dystrybucja Polska’s sales will amount to more than PLN 30 million (approx. €7.5 million).

“The transaction is the result of EVF winning a competitive bidding process. The founders chose us because they believe EI can help the company to grow dynamically,” said Rafał Bator, Enterprise Investors partner who heads EI’s venture capital fund. “We are happy that Dystrybucja Polska has become part of the portfolio of our newly raised venture capital fund, which we closed in September. The company meets the target profile for the fund’s investments,” he added.

“We will use the new funding to further improve our distribution services,” said Jarosław Koska, general director of Dystrybucja Polska.

Enterprise Investors has been active since 1990 and is one of the largest private equity and venture capital investors in Central and Eastern Europe. The firm manages seven private equity and venture capital funds totaling €1.7 billion. To date, these funds have invested €1.2 billion in 110 companies across a range of sectors and have exited 91 investments with total proceeds of €1.4 billion.

Enterprise Venture Fund I is EI’s first venture capital fund, with a total size of €100 million. It is the largest fund of its type in Poland and in the CEE region. EVF’s investments range from €1 million to €5 million per project. The fund finances the expansion of small and medium-sized enterprises operating in the technology sector as well as in traditional sectors in Poland and other Central and Eastern European countries.