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Leszek Orlowski
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Leszek Orlowski

Investment Director

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At a glance

Full Name
Leszek Orłowski
Title
Partner, CFO
Firm
bValue Fund
Firm Type
Technology investor / venture and growth equity fund
Investment Stage
Seed and growth equity
Target Company Profile
Technology companies led by exceptional entrepreneurs; for Leszek specifically, bValue lists B2B software as his area focus.
Sector Focus
B2B software; selected work includes transport/logistics software, short-term rental management, cybersecurity, SaaS-enabled marketplace, and other technology-enabled businesses.
Geographic Focus
Central and Eastern Europe
Location
Warsaw

Background

Leszek Orłowski is Partner and Chief Financial Officer at bValue Fund, a Warsaw-based technology investor focused on seed and growth investments in Central and Eastern Europe. The firm says he joined during its early days in 2016 and helped build its operations and compliance functions.

At bValue, Orłowski has been responsible for investment and value-creation work in companies including Renters, Purella, WannaBuy, Revolmatic, and others. His current companies on the bValue team page are Renters and NovaTracking, and his stated area focus is B2B software.

Before bValue, he worked in PwC’s deals team on corporate-finance projects and helped create a team supporting early-stage companies and R&D projects. He also previously held roles at a Polish privately owned investment fund focused on private equity and real estate, and at an M&A boutique. bValue identifies him as a Chartered Financial Analyst.

Investment Thesis & Focus

  • Invests through bValue, which describes itself as investing in “technology companies led by exceptional entrepreneurs” and powering innovation and digitalisation in Central and Eastern Europe.
  • bValue’s current platform spans seed and growth equity; its own team page says the firm manages three funds focused on seed and growth investments in CEE.
  • Orłowski’s stated area focus at bValue is B2B software.
  • In bValue’s 2025 Fudo Security announcement, Orłowski described decision factors as “solid financial data,” a “unique technological product,” “broad scalability potential,” and a strong position in the Privileged Access Management market.
  • For Fudo Security, he also highlighted subscription-based sales, recurring revenue, implementation efficiency, and lower client resource requirements as attractive business-quality factors.
  • Recent bValue growth investments show willingness to back later-stage, expansion-oriented companies: Fudo Security raised a $10 million investment from bValue Growth in 2025, Solidstudio received PLN 20 million in 2025, and Xtreme Brands received PLN 43 million in 2025.

Notable Investments

  • Fudo Security — Cybersecurity software provider focused on Privileged Access Management; bValue invested in 2024, with Orłowski listed as bValue lead, and announced a $10 million bValue Growth investment in January 2025.
  • Renters.pl — Short-term rental management platform in Poland; bValue invested in 2021, Orłowski is listed as bValue lead, and the company is marked exited in bValue’s portfolio.
  • NovaTracking — Smart transport and logistics management platform; bValue invested in 2018, with Orłowski listed as bValue lead.
  • Revolmatic — Automatic draught beer dispensing system for hospitality and events; bValue invested in 2019, Orłowski is listed as bValue lead, and the company is marked exited.
  • Roq.ad — Identity-resolution technology for digital advertising in a cookie-less world; bValue invested in 2019, Orłowski is listed as bValue lead, and the company is marked exited.
  • WannaBuy — SaaS-enabled employee-benefits marketplace for enterprises; bValue invested in 2019, Orłowski is listed as bValue lead, and the company is marked exited.
  • Purella — Superfoods and wellbeing products company; bValue’s team page names Purella among companies where Orłowski was responsible for investment and value creation.
  • Wellbee — Online mental health platform; Benefit Systems acquired a majority stake in November 2024, creating bValue Fund II’s third exit, according to bValue.

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