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Polish startups have emerged victorious from the battle with the COVID-19 pandemic so far

December 28, 2021

The data for polish startups are optimistic. The Startup Poland foundation’s report has found that the Covid 19 pandemic had a detrimental effect on only 23 percent of startups businesses, 40 percent believe it had no effect on their operations, and what’s surprising, 37 percent of companies state that the pandemic impact was positive for them.

It seems that the Covid 19 period was a breakthrough for the IT sector. Tomasz Snazyk, Startup Poland CEO for Rzeczpospolita newspaper commented: “It seems that investors have started to believe that startups are a prospective sector whose growth will only accelerate in the coming years.”

Nearly 60 percent of polish startups generated higher revenues compared to the previous year, and every fifth firm has generated monthly incomes exceeding PLN 200,000 (USD 49,000). What’s more, 20 percent acquired at least PLN 5 million (USD 1.23 million) in funding.

One of the examples of such a successful polish startup is Ramp. Founded in Warsaw in 2017, Ramp offers cryptocurrency payment and digital assets to companies and average users. It announced a $52.7m Series A round just after the company closed its $9m seed round.

The largest round in Poland means an increased interest in cryptocurrencies and NFTs. “We are at the very beginning of a very exciting moment for this space. I think 2022 is going to be pivotal for the entire [crypto] space, and the main theme will be actual use cases coming online,” Szymon Sypniewicz, Ramp cofounder and CEO, tells.

Cryptocurrencies are developing rapidly with its use of buying and selling digital assets. Ramp makes it easy for users to buy digital assets directly without a need to switch to others apps to buy crypto assets. Nowadays, many tech giants are looking for opportunities in cryptocurrency infrastructure.

“Digital assets represent a once-in-a-decade moment where a new technology emerges that will have a fundamental impact on our society and culture,” says Rana Yared, a general partner at Balderton Capital, and a new member of Ramp.

Another startup that benefited from the pandemic is Doctor.One. The company is a kind of mobile virtual platform connecting patients with their doctors, where they can exchange messages about the patient’s health by daily digital check-ups and commission a doctor’s visit when necessary.

Recently the startup raises €440k for investments in the platform. The founders of Doctor.One plan to recruit 10,000 doctors across Europe by 2025, dealing with the shortage of medical professionals.

Tomasz Rudolf, CEO of Doctor.One, said: “We have designed a new continuous care model for the 21st century, built around a trusted doctor-patient relationship. The future of care cannot be limited to AI – automated and dehumanized. We need to balance technology innovations with human intimacy.”

The above examples show that Poland has a very high position in building successful startups, and the pandemic did not significantly impact their development.

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