The Venture Codex Logo

The Venture Codex

Satus Starter

ul. Zwierzyniecka 17/3, Kraków, Malopolskie, 31-103, Poland

Overview

Satus Starter is a venture capital fund established in cooperation with PFR Ventures. Total fund size equals USD 12 million of which 20% comes from private investors and 80% is a European Union contribution through PFR Ventures (European Funds – Smart Growth). Our aim is to invest in innovative companies at their earliest stage of development (seed, start) and thanks to our competences, experience and contacts, provide the start-ups with “smart money” in order to significantly increase their chances for commercial success.

Total investments
6
Lead investments
2
Investments · 12mo
0
Active investors
4

Sector focus

  • Artificial Intelligence (AI)
  • Big Data
  • Blockchain
  • Cyber Security
  • FinTech
  • Impact Investing
  • Internet of Things
  • Marketplace
Visit website

Investment portfolio

  • Foodsi

    Participated · Seed · Oct 2024

    Foodsi operates a platform that lets food establishments resell unsold items as surprise discounted packages (up to 70% off) available for same- or next-day pickup. The app aggregates offers from venues and allows users to reserve packages in seconds. Foodsi works with small local businesses and larger brands such as Carrefour, Wedel, Etno Cafe, Cofix, Campanile and Herbapol. The company reports almost 2 million users across major Polish cities including Warsaw, Wrocław, Kraków, Poznań and the Tricity area. Foodsi has launched a pilot solution for manufacturers to sell short‑expiration products delivered to homes. Management says the business will use new funds to grow, expand product and sales teams, and increase operational efficiency while preparing for a Series A round. Foodsi operates a managed mobile marketplace that allows catering establishments and shops to sell surplus food as surprise packages for same- or next-day collection. Users can book discounted packages—often as low as 30% of the original price—and the app aggregates offers from restaurants, bakeries, cafés, grocery shops and other outlets. The company reports over 800,000 mobile app users (more than 500,000 joined in the last year), over 3,000 partner establishments across Poland, and more than 850,000 food packages saved since launch. Foodsi’s app experience and operations support rapid onboarding of partners and has tripled the number of available outlets over the past year. Founded in 2019 and based in Warsaw, the startup plans to use new funding to add analytics and automated offer-sharing for partners, roll out product changes for consumers, expand further across Poland and prepare for international expansion next year. The team has grown sixfold over the past year and now numbers more than 30 people.

  • DoxyChain

    Participated · Seed · Sep 2022

    DoxyChain builds infrastructure that blends traditional document frontends with Web 3.0 features to improve security, transparency, and workflow automation. The company is developing a modular platform that lets clients create tailored advanced workflows and smart-contract–driven process automation. In October the firm plans to launch DoxyCert, a toolkit for issuing blockchain certificates (including NFTs) as proof of authenticity or ownership, and DoxyConnect, a blockchain-built data-room for secure document exchange. The startup says its economic value centers on process automation via smart contracts so developers can focus on UX while DoxyChain handles decentralization and automation. DoxyChain raised fresh capital to accelerate product development and support expansion into European and U.S. markets.

  • Talkie.ai

    Participated · Seed · Aug 2022

    Talkie.ai develops an AI platform that automates telephone hotlines for healthcare organisations, offering voicebots for appointment booking, prescription orders, basic triage and integration with appointment and call-centre systems. Its product emphasizes rapid deployment and no-code configuration, with implementations ranging from one day to several weeks and an admin panel for full user control. The company reports its bots handle about 80% of customer inquiries and can cut call-centre operating costs by up to half; its voicebots achieve over 90% accuracy in understanding caller intent after just the first 10 data samples. Talkie.ai also uses voice cloning to make interactions more natural and offers both standard industry-specific solutions and fully customisable deployments. Founded in 2018 and operating in Poland, the UK and the US, the startup already derives more than a third of its revenue from the US. The new funding will be used to further specialise the healthcare offering, accelerate US expansion, grow the team and introduce off-the-shelf products for other industries.

  • Alphamoon

    Participated · Seed · Apr 2022

    Alphamoon offers an AI-based platform to automate extraction and downstream processing of documents such as invoices, contracts and agreements. The company aims to eliminate back-office bottlenecks and save time for teams across back office, sales, customer service and compliance. Its tool goes beyond text recognition and data extraction to support further document-driven workflows. Alphamoon was founded by Adam Gonczarek, Paweł Świątek and Norbert Raus. The startup emphasizes helping enterprises recognise patterns in collected data to enable new products or improved services. Recent funding is earmarked to further develop the technology and expand operations in European markets.

  • Pethelp

    Led · Equity · Jan 2020

    Pethelp, founded in 2018 in Warsaw, offers veterinary subscription packages for dog and cat owners and markets them as the first such service in Poland. The service is available in more than 170 partner clinic branches nationwide and is included in employee benefits programmes for companies. The company says its mission is to promote pet health and improve quality of life through preventive care. Pethelp recently attracted an investment of around €470K from Satus Starter VC to support growth. The new funds will be used to expand its network of partner clinics and collaborating companies, and to invest in product development, CRM, and its gamification platform. CEO Sławomir Wiatr and Satus Starter Fund partner Bartłomiej Knichnicki highlighted the team’s progress and the project’s potential social and commercial impact.

Team