Which are the best startups in Poland – 2018

2018  update 

Ralph Talmont of TEDxWarsaw asked me for suggestions in preparing a speech-  in answering his e-mail I ended up creating this blog post. This is  both an aggregation of other lists –  (disclaimer – where I have done this  I am neither taking the credit for the work done, nor claiming that the startups listed are good companies –  in the sense of providing clients with something fun or  useful, creating good jobs, paying taxes and proving a return to investors).

The photo of Open Coffee Kraków’s event at Google for Entrepreneurs is a partly an advert, and partly a public thanks to Google for Entrepreneurs Kraków who did a great deal to accelerate the Krakow Startup community. I’ve written about this elsewhere and also  here 

If you want to keep up to date with the startup community  there are a few places to check regularly. My passive aggressive streak will take you here  though this approach can lead you to strange EU funded lists like this.  The best list of startups is here on Quora –  (note the total lack of government money). Hat tip to Borys at Reaktor Warsaw for this, it’s copy pasted below..  Ramon’s Tancinco gave this memorable TEDxKraków talk and build this free site   which has a very good list including many startups.

There is an effort to bring the Polish Startup Community together here 

There are places where local communities find out what is going on, For example OMGKRK’s Facebook page, and the #OMGKRK hashtag for the community.

Proseed magazine in Polish  and Bitspiration and Mam Startup Goal Europe has regional news. Probably Techcrunch is a great place to look. Mike Butcher and John Biggs know more about our eco-system than most, and regularly visit.

What is a great startup ?
 Getting funding is not the moment to declare victory.  These thoughts led me here , while capital remains cheap (and low commodity prices, a strong dollar and weak global demand mean that they probably will stay low for a while yet ) silly valuations in the Valley will encourage us to invest. I have not listed my investments – they are available on my Linkedin  There is more than one way to skin a cat, and there is more than one way to make US$100 million , well described here   How many startups put out a press release saying “we are cash positive “. Companies like Wiktor Schmidt’s   Netguru are doing very well,  but is it a  startup?
In my view, one the coolest companies in Poland was Integer’s Inpost/Paczkomaty  – a world leader, who are busy disrupting retail, with strong first mover advantage,  being part of  Amazon and Ebay eco-system,  chosen by Naspers (via Allegro) as a strategic partner.  It was a startup in Krakow not so long ago, and they are conquering the world.  They may yet cause the collapse of retail rents.  In 2016 the company had a rocky period. in 2017 they were taken off the stock market. and handled 59 million parcels, growth of over 50%. Codewise is winning lots of awards and is making bucket loads of money. CEO Robert Gryn on the front page of Forbes Magazine moved to the US last year and is still growing the business without external capital.
Krakow’s Brainly and Base both got over $30 mln investments. I’m still not sure what Brainly’s business model is, but helping kids stuck with homework globally is a “must have”  painkiller. They have 100 million unique monthly users, and raised US$38.5 mln.  Following Gary Vaynerchuk’s line of thinking – if the currency of our age is attention, Brainly have it. My most popular answer on the Quora Q&A platform – answering Why is Poland less developed than Germany, Sweden and Russia?  has more traffic than my post popular blog posts, showing the power of Q&A platforms.  Brainly will do very well.  Listen to my podcast with the CEO Michal Borkowski here.  Base has a “must have product”,  great design, but CRM is anything but scaleable, as anyone who has tried to deploy must know. I wonder how they will avoid adding complexity while giving clients what they need.  
Estimote (in which I am a shareholder), has been publishing news about its deployments in America and Asia with world leading companies, world famous museums, and has launched a video beacon integration. Most of their most interesting clients are NDA-ed. They are really close to very impressive clients.
Kraków Eataway led by Mark and Marta Bradshaw has tremendous potential and clients in many countries. It can bring the economics of Uber and AirBnB with the values of Couchsurfing.  CEO Mark was in front of the Project Kazimierz microphone for a podcast here and Marta was on the TEDxWarsaw stage in March 2017.
Zalamo – the Polish market leading workflow automation productivity tool for professional photograpahers is doing well (I’m a shareholder).
Everydayiplay  – is an little known Kraków  games phenomenon with more than 2.5 mln downloads of its top ten Facebook game Vikings Gone Wild  The CEO is now moving from digital to physical board games.  If we are mentioned games then we need to point out Polish success stories like CD Projekt  and if we talk about larger tech businesses in Poland, why not Comarch . How many tech entrepreneurs have created as much value ? Livechat in Wroclaw are growing fast, have great profitability and are in a market that can only get bigger and bigger.
The Reaktor list by  Borys Musielak . Go to Quora to see companies that feel left out adding themselves

On 10 January 2015 at 09:53, Ralph Talmont <rt@well.com> wrote:

Hey there you guys

Please let me know how I can help StartupPoland.

Also, I urgently need exaples of already successful or dynamically growing PL startups that are not getting enough press, ie. not Estimote 🙂 Giving a talk about this next week.

Ciao
Rt

 

SaveSave

SaveSave

SaveSave

SaveSaveSaveSave

SaveSave

Leave a Reply

Your email address will not be published. Required fields are marked *

2 comments on “Which are the best startups in Poland – 2018

  1. To learn more about interesting startups in Poland, follow @Polish_Startups on Twitter, watch other inspiring talks and check out the  Bitspiration blog which covers new projects.

  2. Hi Richard,
    Thanks for the excellent article about Polish startup market!
    I’d like to show you another inspiring one – TimeCamp, which is a company producing time tracking and project management software. Our time tracker is well-known and used by thousands of companies worldwide. Is it possible to contact you to discuss adding the company to your list? Please email me at o.rybacka@timecamp.com!
    Ola Rybacka, Social Media Manager at TimeCamp