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S20 Fund

Angel-rounds Pre-seed Seed

About Fund

S20 Fund is a private venture capital fund backed by individual LPs, typically investing €100K-€500K in startups alongside business angels. 🎉

We aim to build a portfolio of 25-30 investments with this strategy. 📈

Thesis

Our thesis focuses on backing exceptional founders with a proven track record of high agency and execution capabilities. We look for entrepreneurs in two key categories:

🚀 Tech-Driven Teams

- Have significant experience in hyper-growth companies
- Build globally scalable technology
- Target US market trajectory

💪 Execution-Driven Teams

- Come from top-tier academic institutions
- Are outstanding regional operators
- Build category leaders with proven traction

Our agile investment approach focuses on early stages where 30x+ returns are achievable, combining hands-on support with active angel investor collaboration. 🤝

Management

Kuba Dudek & Marcin Fejfer

Investment Areas:

  • We are particularly excited about the EdTech sector, which is undergoing a fundamental transformation driven by artificial intelligence. AI is revolutionizing how people learn, teach, and acquire new skills, creating unprecedented opportunities for innovation.

    We believe this AI-driven disruption in education will:

    • ▶️ Enable truly personalized learning experiences
    • ▶️ Transform content creation and delivery
    • ▶️ Revolutionize assessment and feedback systems
    • ▶️ Create new models for skill acquisition and certification

     

    This makes EdTech one of our most compelling investment areas, as AI technology reaches the maturity needed to reshape the entire educational landscape.

  • We see significant potential in Digital Health, where AI is driving transformative changes in healthcare delivery and management. The sector remains notably underfunded relative to its optimization potential, particularly in areas that don’t require extensive medical certifications.

    We focus on technologies that:

    • ▶️ Improve healthcare efficiency through AI-powered solutions
    • ▶️ Streamline administrative processes and workflows
    • ▶️ Enhance patient experience and care delivery
    • ▶️ Enable better data analytics and decision support
    • ▶️ Optimize resource allocation and management

     

    While we’re excited about the broader healthcare technology space, we typically avoid medical device investments and solutions requiring complex regulatory certifications (MedTech). Instead, we prefer digital solutions that can scale quickly and improve healthcare operations without lengthy approval processes.

    The combination of AI capabilities, market inefficiencies, and the sector’s digitalization gap creates compelling investment opportunities in Digital Health.

  • The workplace is undergoing a dramatic transformation, with AI reshaping how companies hire, manage, and develop talent. We’re particularly interested in solutions that address:

    • ▶️ AI-powered recruitment and talent assessment
    • ▶️ Employee engagement and performance management
    • ▶️ Skills development and continuous learning platforms
    • ▶️ Remote work enablement and collaboration tools
    • ▶️ Workforce analytics and productivity optimization

     

    We believe the future of work represents a massive opportunity, as organizations worldwide adapt to new working models and seek innovative solutions to manage their human capital more effectively.

  • The energy and environmental sectors are experiencing a fundamental transformation driven by decarbonization goals, technological advancements, and sustainability imperatives. We’re focusing on solutions that leverage AI and digital technologies to:

    ▶️ Optimize energy consumption and distribution
    ▶️ Enable smart grid management and storage solutions
    ▶️ Create marketplaces for second-hand goods and materials
    ▶️ Enable product lifecycle tracking and management
    ▶️ Develop sustainability monitoring and reporting platforms
    ▶️ Build carbon footprint measurement and reduction tools
    ▶️ Optimize supply chain sustainability
    ▶️ Create climate intelligence and environmental data platforms

    We believe the intersection of clean technologies and digital solutions presents exceptional opportunities, particularly in the CEE region. We’re looking for founders building scalable software solutions that can drive the transition to a more sustainable future, with a focus on digital solutions rather than hardware-heavy investments.

  • While we maintain a clear focus on areas stated above, we reserve up to 20% of our fund for exceptional opportunities outside these areas. We consider such investments when they meet three critical criteria:

    ▶️ Outstanding founding teams with proven track records
    ▶️ Strong co-investors with relevant expertise
    ▶️ Rapidly growing markets with clear scaling potential

    These selective investments allow us to participate in compelling opportunities where we see exceptional potential for value creation, while maintaining our disciplined investment approach and core sector focus.