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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

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, $*****
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
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

  • Founded Year: 2013
  • Location: Gdansk (Poland)
  • Stage: Acquired
  • Employee Count: 65 as on Apr 30, 2026
  • Investors: EIC Fund, Europa and 1 Other
  • Latest Funding Round: Grant (prize money), Oct 31, 2015, $*****
  • Highlight: Acquired
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

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.
Here are LSI Fund's investments by stage:
Stage of entry
No. of Investments
Series A
3
Seed
1
Breakdown of LSI Fund's investments by stage of entrySeries 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).
Here are LSI Fund's investments by sector:
Sector
No. of Investments
HealthTech
3
Consumer
1
High Tech
1
Internet of Things - Industry Applications
1
Life Sciences
1
Others
2
Breakdown of LSI Fund's investments by sectorsHealthTech (3)Consumer (1)
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.
Here are LSI Fund's investments by geography:
Country
No. of Investments
United States
3
Poland
1
Breakdown of LSI Fund's investments by countriesUnited 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 FundIllumina has invested before LSI Fund.
  • Top Co-investors of LSI Fund3 investors entered a company along with LSI Fund. These include investors like Viking Global Investors (1 company).
  • Invested after LSI FundA 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

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