PFR KOFFI FIZ

No alt text available for image

PFR KOFFI FIZ is addressed to teams managing Venture Capital funds which invest in small and medium enterprises at the development or expansion stage.

What does the fund do?

PFR KOFFI FIZ supports the small and medium enterprise sector in the creation of non-technological innovations – mainly organisational, managerial or marketing. Enterprises which receive financing should be at the development or expansion stage, and their projects in the scope of the above mentioned innovations should demonstrate a significant market or expansion potential.

The financing is granted – through the fund’s resources – by entities specifically selected for the programme, i.e. Financial Intermediaries. The Financial Intermediary’s investments in a single company may constitute a maximum of 50% of the investment value, the remaining part is contributed by a Private Investor.

Who may benefit from the Fund?

  • Innovative small and medium enterprises

  • Private investors

PFR TFI S.A. 
ul. Krucza 50  |  00-025 Warszawa

 

Skontaktuj się z nami - nasi eksperci czekają na Twoje pytania:

What purposes or projects are implemented by the fund?

1  

Financing of the SME’s innovative projects through supporting enterprises at the development or expansion stage

2  

Internationalisation of enterprises’ activities

3  

Increase of the contribution of venture capital funds, private investors and investment teams in the financing of SME’s innovations

How does the financing by the KOFFI FIZ function?

The fund makes contributions to the Financing Intermediary through equity financing. The Intermediary invests in companies through equity or quasi-equity instruments, e.g. in the form of debt convertible to the company's equity.

The catalogue of instruments include:

  • equity financing: shares

  • quasi-equity financing: bonds, loans with an option of conversion to shares.

The financing of projects for innovative SMEs is granted by Financial Intermediaries – they are venture capital funds which receive resources from PFR KOFFI FIZ.

The Financial Intermediary may grant two types of financing to a single company:

  • first investment in a company – a maximum amount constituting the equivalent of EUR 15 million, half of which is the PFR KOFFI FIZ contribution, and the other half the Private Investors’ resources. The upper limit of this amount constitutes 20% of the given Financial Intermediary's capitalisation.

  • follow-on investment – up to the level of the maximum limits from the above point if they have yet to be reached and provided that additional requirements determined by law are met.

Area of operation:

The final beneficiaries of the resources are companies with a registered office or branch in Poland, which plan to develop their activities in Poland or abroad. The Financial Intermediary’s registered office may be located in the EU, EEA or EFTA region.

No alt text available for image

The investment period may last 5 years with the possibility of extending this period by 1 year.
The divestment period also lasts 5 years and may be extended, but until no later than 31/12/2031.

no alternative text available

Most important advantages

Due to the cooperation with Financial Intermediaries selected by KOFFI FIZ, young companies may obtain many advantages.

The most important advantages include:

• acquisition of a stable partner,

• flexible possibility to choose the investment form,

• target investment value of up to PLN 3 million,

• relatively long-term cooperation,

• clear and comprehensible rules,

• cooperation with Financial Intermediaries whose teams have undergone a demanding selection process and belong to the group of the best specialists in Poland.

How does the investment process in PFR KOFFI FIZ function?

  • PFR KOFFI FIZ announces the call for the programme and chooses several Financial Intermediaries – venture capital funds. Each Intermediary has its Management Team.

  • Financial Intermediaries receive from PFR KOFFI FIZ PLN 324 million pool of resources. PFR KOFFI FIZ may grant the Intermediary PLN 20 to 60 million, which constitutes up to 50% of the Intermediary's capitalisation.

  • The Intermediary is also joined by the Team Managing the Financial Intermediary and Private Investors.

  • Private investors, PFR KOFFI FIZ and the Management Team sign a trilateral investment agreement.

  • The Team Managing the Financial Intermediary looks for companies which plan projects in the scope of non-technological innovations (organisational, managerial or marketing innovations). After a positive assessment of the project documentation and the fulfilment of the programme criteria, it grants the company the resources necessary to implement the project.

No alt text available for image

What needs to be done to become a financial intermediary?

PFR Ventures Sp. z o.o. – the company which manages the portfolio of the PFR Open Innovations FIZ announces the call for the programme for Financial Intermediaries on the fund’s website.

Companies go through three stages under this process.

  • Before the completion of the online application, the company must prepare documentation (relevant information is on the KOFFI FIZ website).

  • The request takes the form of an online application which concerns the specific call for the programme.

  • The Investment Committee of PFR Ventures Sp. z o.o. assesses the applications and chooses the best potential Financial Intermediaries to analyse in detail concerning their strengths and capacity to fulfil the programme’s assumptions. Before the selection, the Investment Committee always holds a direct meeting with each potential Financial Intermediary.

  • After the meetings, the Investment Committee chooses the Financial Intermediaries for the given call.

Fund type:

Fund of Funds

Fund profile:

Financing for small and medium companies at the development or expansion stage, in particular for non-technological innovations

Available resources:

PLN 324 million

Capital entries:

The financing amount may range from PLN 1 to 60 million in the following proportion: 50% from the PFR KOFFI FIZ contribution and 50% from private resources

Investment period:

The investment period is divided into 2 stages:

- financial intermediary’s investment period – 5 years with the possibility of an extension by one year

- financial intermediary’s divestment period – 5 years with the possibility of an extension by one year

Investment process:

Open selection of investment entities carried out by PFR Ventures

no alternative text available

IMPORTANT INFORMATION

More information about the PFR KOFFI FIZ is available in downloadable documents:

Management of the fund
Record of Investment Funds

RFI 1452

Abbreviated name of the fund

KOFFI FIZ

Scroll Up

Irregularity reporting form (anonymous)

Providing your personal data is not required

Complaint form