Deep-tech venture capital
for Central and Eastern Europe.

New Wave VC backs technically serious companies at the point where innovation meets commercialisation, with early access to opportunities before they reach the broader market.

Why CEE

A region with the technical depth, and a structural gap in early-stage capital.

Central and Eastern Europe has built one of Europe’s deepest pools of technical talent. Strong engineering universities, mature research institutions, and a growing density of deep-tech founders coming out of laboratories, spin-outs, and serial second ventures.

What the region does not yet have, in proportion, is the early-stage capital infrastructure to match it. Companies routinely cross the gap between public research funding and Series A with less support than equivalents in Western Europe or North America, and at meaningfully lower entry valuations for comparable technical quality.

That gap is where we invest. We back companies after the science is validated but before the broader market has priced them, in the years where capital, judgement, and operator support compound the most.

A region of uneven but rising innovation capacity.

Global Innovation Index 2025, twenty regional economies.

23.451.1GLOBAL INNOVATION INDEX 2025 — SCORESource: World Intellectual Property Organization, Global Innovation Index 2025.
What we do
Stage
Pre-seed and seed. Initial cheques of €0.5M to €2M into companies with validated technology and a credible path to commercial traction. We hold meaningful reserves for follow-on into companies that earn it through subsequent rounds.
Region
Central and Eastern Europe. Core markets include Poland, the Czech Republic, Slovakia, Hungary, Romania, Bulgaria, and the Baltics, with selective coverage of adjacent CEE innovation hubs. We invest where we have direct access to the founder base, not opportunistically across the continent.
Focus
Defensible deep technology with a clear route to market. Robotics and industrial automation, advanced materials, bioengineering, deep industrial software, applied AI for science and industry, and selected dual-use. We invest where technical depth and commercial path meet, not where one is present without the other.
How we work

Operator-led, evidence-driven, embedded in the regional ecosystem.

We are an operator-led partnership. Our diligence is technical first and commercial second, with kill criteria defined in advance rather than negotiated after the fact. We document decisions, not conviction.

Our sourcing is deeply embedded in the CEE deep-tech ecosystem. We are the general investment partner of the Deep Tech CEE Summit, the region’s largest deep-tech founder convening, which gives us early visibility on companies as they emerge from research institutions, university spin-outs, and operator networks across the region.

We invest with discipline, not breadth. We expect to take a relatively small number of meaningful positions per year, with concentrated follow-on into the companies that earn it. Founders should expect honesty about what we can and cannot help with, and a partnership rather than a process.

Partners
Portrait illustration of Ian Firla
Ian Firla
Managing Partner

An entrepreneur and investor with twenty years of experience building technology companies, spin-outs, and exits across the UK, EU, and Polish markets.

Portrait illustration of Jacek Kubrak
Jacek Kubrak
Managing Partner

A serial entrepreneur and co-founder of eight ventures, with two IPOs and three strategic exits, and has built investment vehicles for science-based technology.

Portrait illustration of Sławomir Olejnik
Sławomir Olejnik
Managing Partner

Founder of Deep Tech CEE and Innovative Poland, with eighteen years in management and operating roles. Raised $3.5M of funding in Poland over three years.

How we meet founders

The Deep Tech CEE Challenge.

We are the general investment partner of the Deep Tech CEE Challenge, the region’s largest open call for deep-tech founders and science-led teams. The Challenge is where most of the companies we look at first surface, often before they have a deck or a round.

It is a competition, a matchmaking platform, and a sourcing engine in one. Founders apply, finalists are presented at Investor Day and the CEE Innovators Gala, and our partnership gives us early visibility on what comes through.

If you are building something serious in CEE deep-tech, the Challenge is the most direct way to put your company in front of us, alongside the rest of the regional ecosystem.

Deep Tech CEE Challenge 2026 →