EEC Ventures

EEC Ventures is an independent venture capital firm founded in 2012 in Warsaw, Poland, by Michal Ruminski and Konrad Sitnik. The firm manages two funds under the EEC Magenta Funds banner with a total capitalization of PLN 210 million, approximately €50 million, specializing in energy, Industry 4.0, and clean technology across Central and Eastern Europe. The team of seven includes five partners based in Poland and the United States, with Ruminski and Sitnik serving as Managing Partners alongside Marek Jurewicz and Arkadiusz Kowalik. EEC Ventures invests primarily at Pre-seed and Seed stages, leading rounds with check sizes ranging from $100,000 to $4 million. Target companies develop products and services that address global industrial trends: increasing energy demand, reduction of natural resources and waste, CO2 emissions reduction, and infrastructure upgrades for utilities. Portfolio sectors include power engineering, IoT, ICT, cybersecurity, AI, big data, circular economy, and material engineering. The firm has made 15 investments to date, with notable portfolio companies including ChallengeRocket in HR technology and SmokeD, which raised a $2.5 million seed round led by EEC Ventures. EEC Ventures applies impact investing principles across its portfolio and actively supports CSR practices within investee companies. The partners bring over 20 years of combined investment experience to the CEE market and engage closely with founders on both strategic and operational matters, positioning the firm as a conviction-driven first-check investor in the European energy and industrial technology ecosystem.