About LSI Fund
LSI Fund, an accelerator and incubator program founded in 2015, is based in Bialystok, Poland. With a presence in 2 countries, it has supported around 13 startups in sectors like HealthTech, Life Sciences. As of Jun 2026, LSI Fund has witnessed 1 portfolio exit. Most notable companies in
its portfolio include TMRW, Brain Scan and Med Answers. The program is backed by a team of 6 people who primarily support Series A startups based in United States. Its latest investment was a $80.2M Series C round in TMRW on Jun 30, 2021, which also saw participation from Transformation Capital and Google Ventures.
Key Metrics
Founded Year
2015
Location
Bialystok, Poland
Portfolio Companies
Sectors of Investment
Stages of Investment
Series A & Seed
Locations of Investment
LSI Fund's List of Top Investments
LSI Fund has a portfolio of 13 companies. Their most notable investments are in Med Answers and Aidlab.Their portfolio spans across Poland and United States. They have invested in HealthTech, Life Sciences, Enterprise Applications and 8 other sectors, across stages such as Series A, Seed stages. Here is the list of top investments by LSI Fund:
1. TMRW
Provider of an automated platform for patients and clinics to manage frozen eggs and embryos. It provides an automated robotic platform to store eggs and embryos and enables patients and clinics to be tracked and managed remotely.
Key facts about TMRW
- Founded Year: 2014
- Location: New York City (United States)
- Stage: Series D
- Total Funding till date: $177M
- Employee Count: 67 as on Apr 30, 2026
- Investors: Google Ventures, Transformation Capital and 16 Others
- Latest Funding Round: Series D, Jun 28, 2024, $*****
- Highlight: Editors' Pick
2. Brain Scan
Brain Scan provides software for pathology detection and classification. The software analyses computed tomography (CT) or magnetic resonance imaging (MRI) scan images of the brain. The software use machine learning like 3D Convolutional Neural Networks for their detection.
Key facts about Brain Scan
- Founded Year: 2016
- Location: Gdynia (Poland)
- Stage: Seed
- Employee Count: 18 as on Apr 30, 2026
- Investors: EIT Health and LSI Fund
- Latest Funding Round: Seed, 2018, $*****
3. Med Answers
Connecting patients with experts for personalized healthcare solutions and clinical trials. This is a patient engagement platform powering the life sciences. It builds highly engaged disease communities through easy-to-use platforms for both patients and professionals. The company matches consumers with a network of trusted experts who can answer their personal questions and provide access to life-affirming clinical trials. It uses machine learning to match users to research, products, and solutions specific to their health needs. The company focuses on providing access to correct, unbiased, personalized healthcare information. It is expanding into neurology, oncology, and immunology. The company's technology assets can be applied to any specialty area of healthcare. It offers a platform for pre-qualified lead generation for clinicians. The platform pre-qualifies its users for financing through a medical lending partner. It also facilitates telemedicine and clinical trial recruitment. The company is involved in medical tourism, connecting patients with affordable services in other parts of the world.
Key facts about Med Answers
- Founded Year: 2004
- Location: San Francisco (United States)
- Annual Revenue: $0 - $1M as on Dec 31, 2017
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $5M
- Employee Count: 8 as on Apr 30, 2026
- Investors: Illumina, LSI Fund and 1 Other
- Latest Funding Round: Series A, Aug 13, 2019, $*****
- Highlight: Editors' Pick
4. Bioseco
Bioseco provides a bird protection system for wind farms. It provides a system which estimates the number of birds, their size and direction of flight then it warns the birds or stops the turbine. It also provides service for airport and terrain.
Key facts about Bioseco
5. DreamJay
Nightly is a mobile application developed by DreamJay. The application utilizes sleep stimulation techniques to lower the number of wake ups during the night and helps to enhance the user's sleep quality. The application provides a range of soothing videos dedicated to help the user to unwind and focus on sleep. The mobile application also helps the user to track his sleep efficiency and provides personalized tips and insights to improve sleep quality .
Key facts about DreamJay
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Deadpooled
- Total Funding till date: $2.3M
- Investors: LSI Fund, Nordic Makers and 1 Other
- Latest Funding Round: Series A, Sep 15, 2017, $*****
LSI Fund's Year-on-Year Investment Trends
Its most recent first time investment was in Aidlab and most recent follow-on round was in TMRW.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 0 | 1 | 1 |
2020 | 1 | 0 | 1 |
2019 | 2 | 0 | 2 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
LSI Fund's Investments by Stage
LSI Fund has made 3 investments in Series A stage with an average round size of $6.43M and 1 investment in Seed stage.Stage of entry | No. of Investments |
|---|---|
Series A | 3 |
Seed | 1 |
Note: We have considered here, only first round of investments
LSI Fund's Investments by Sector
LSI Fund has a diverse portfolio, with companies operating in the HealthTech, Consumer, High Tech, Internet of Things - Industry Applications and Life Sciences. Notably, it has invested in 10 Tech companies, 7 Consumer (B2C) companies, 6 Software companies and at least 5 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
HealthTech | 3 |
Consumer | 1 |
High Tech | 1 |
Internet of Things - Industry Applications | 1 |
Life Sciences | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
LSI Fund's Investments by Geography
LSI Fund has made most investments in United States (3), followed by Poland where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 3 |
Poland | 1 |
Note: We have considered here, only first round of investments
LSI Fund's recent investments
LSI Fund has not made any investment in 2026 so far.Here are the most recent investments by LSI Fund:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 30, 2021 | United States | Series C | 2476 | ||
Oct 23, 2020 | Poland | Seed | 3487 | - | |
Aug 13, 2019 | United States | Series A | 7955 | ||
May 29, 2019 | United States | Series A | 1773 | - | |
Sep 15, 2017 | United States | Series A | 1822 |
Acquired companies in LSI Fund's Portfolio
1 company from LSI Fund's portfolio has been acquired. The most recent acquisition was Bioseco in Sep 2024 by Spire Capital for $*****.Here are LSI Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 13, 2024 | - | - | 2764 |
Team profile of LSI Fund
LSI Fund has a team of 6 members including 3 Partners and 3 Principals located in Poland and United States. LSI Fund's team does not sit on the board of any company as of now.Here is a list of all team members in LSI Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Warsaw | - | ||
Partner | - | - | ||
Partner | New York City | - | ||
Principal | Warsaw | - | ||
Principal | - | - | ||
Principal | - | - |
Co-investors of LSI Fund
Over the past 9 years, 17 investors have co-invested in LSI Fund's portfolio companies. This includes funds and angels.
- Invested before LSI Fund: Illumina has invested before LSI Fund.
- Top Co-investors of LSI Fund: 3 investors entered a company along with LSI Fund. These include investors like Viking Global Investors (1 company).
- Invested after LSI Fund: A total of 13 investors have invested in LSI Fund's portfolio after their investments. Top Investors include 5AM Ventures (1 company) and F Capital Partners (1 company).
Recent News related to LSI Fund
•
TPG tops up funds to $580M for investments across the life sciences spectrumFierce Biotech•Aug 06, 2024•TPG, Sionna, Santa Ana Bio, LSI Fund
•
TMRW Life Sciences: Automated Specimen Management Company Secures Over $28 Million In Series DPulse 2.0•Jul 26, 2024•TMRW, 5AM Ventures, Fios, Transformation Capital and 7 others
•
HVR Cardio Raised $11.1M in Series B FinancingFinSMEs•Jan 13, 2023•HVR Cardio, LSI Fund, Tesi, Innovestor
•
TMRW Life Sciences Raises $105M in FundingFinSMEs•Jul 20, 2021•Transformation Capital, Google Ventures, Casdin Capital, 5AM Ventures and 3 others
•
MedAnswers lands $5M, launches FertilityAnswers toolMobiHealthNews•Aug 13, 2019•Med Answers, Viking Global Investors, LSI Fund
•
DreamJay raises $2.3M to ramp up toward app launch | MobiHealthNewsMobiHealthNews•Sep 15, 2017•DreamJay, Joint Polish Investment Fund, LSI Fund, Nordic Makers
