Organization · Venture Capital
Black Swan
Black Swan Fund is an early-stage venture capital fund based in Warsaw, Poland, focusing on co-investing with business angels. It emphasizes a women-centric investment thesis, supporting female founders and entrepreneurs.
Overview
What Black Swan does
What Black Swan is
Black Swan Fund is an early-stage venture capital fund based in Warsaw, Poland, focusing on co-investing with business angels. It emphasizes a women-centric investment thesis, supporting female founders and entrepreneurs.
How it participates in the startup ecosystem
The current public profile supports funder and publisher capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2015
- Approximate age
- About 11 years
- Structured capabilities
- Funder · Publisher
- Last reviewed
- April 24, 2026
Official channels
Find Black Swan elsewhere
Open the official website or a supported primary organization account.
Capability profile
Black Swan as a funder
Investment thesis
Black Swan Fund focuses on empowering female entrepreneurs by connecting them with female angel investors, while also investing in early-stage e-commerce and tech-enabled businesses.
Focus narrative
The Black Swan Fund offers insights and resources on various aspects of entrepreneurship, including business establishment, investment strategies, and financing options. The fund primarily targets early-stage investments in e-commerce and tech-enabled businesses, with a strong commitment to supporting female founders and fostering a collaborative investment environment.
Value beyond capital
Black Swan Fund adds value to its portfolio companies by leveraging a network of female angel investors, providing mentorship, and facilitating access to resources that enhance business growth and development.
Focus and fit
- Stages
- Seed · Friends and Family · Angel · Accelerator
- Sectors
- E-Commerce
- Regions
- Europe
Availability
- Currently deploying
- Yes
Capability profile
Black Swan as a publisher
Editorial focus
Black Swan Fund is dedicated to providing practical knowledge and resources for entrepreneurs, investors, and startup founders in Poland. The portal offers expert articles and guides on establishing and managing businesses, investment strategies, and financing options, covering topics such as real estate, capital markets, and legal aspects of business transactions.
Audience value
The Black Swan Fund provides valuable support for Polish female founders seeking seed funding and angel syndication, leveraging a network of female investors to empower women in the startup ecosystem.
Format and cadence
- Content formats
- blog
- Primary platform
- blackswanfund.pl
Availability
- Guest pitch state
- Not currently accepting
Audience and focus
- Audience
- Founders · Investors · Fund Managers
- Sectors
- E-Commerce
- Regions
- Europe
Flagship work and coverage
Flagship properties
The Black Swan Fund operates as a venture capital fund focused on early-stage investments, co-investing with business angels. It evolved from the Black Swan Business Angel Club and emphasizes a 'women invest in women' thesis, connecting female angels with female founders.
Notable coverage
Black Swan Fund has been mentioned in various directories and articles, including the Startup Poland fund directory and Vestbee's Top 100 Women in Polish VC. It is also listed on platforms like Crunchbase, PitchBook, and EU-Startups.
Common questions
What to know about Black Swan
Upseed classifies Black Swan under the Venture Capital organization type. Its current public profile includes funder and publisher capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 24, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.