EEC Ventures is a technology company developing advanced algorithms for intent recognition in speech and text. It offers services related to various technology startups.

EEC Ventures

BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen and carbon capture and storage. The company is also involved in the convenience and mobility business, which manages the sale of fuels to retail customers, convenience products, aviation fuels, and Castrol lubricants; and refining and trading of oil products, as well as operation of electric vehicle charging facilities. In addition, it produces and refines oil and gas; and invests in upstream, downstream, and alternative energy companies, as well as in advanced mobility, bio and low carbon products, carbon management, digital transformation, and power and storage areas. The company was founded in 1908 and is headquartered in London, the United Kingdom.

BP p.l.c.

Enel SpA operates as an integrated electricity and gas operator worldwide. The company generates, transmits, distributes, purchases, transports, and sells electricity; transports and markets natural gas; supplies LNG; designs, develops, constructs, operates, manages, and maintains generation plants and distribution grids; and designs, constructs, and operates merchant lines. It is also involved in various activities, such as energy and infrastructure engineering; research and development in sciences and engineering; the cogeneration of electricity and heat; the construction and management of manages port infrastructure; product, plant, and equipment certification; mining; finance; energy products marketing; trading; and fuel trading and logistics operations. In addition, the company engages in construction and management of LNG regasification infrastructure; desalinization and water supply; electricity system monitoring; and optical fiber network operation activities. Further, it provides testing, inspection, and certification; engineering and consulting; legal; metering, remote control, and connectivity through power line communication; business consulting, administrative, management consulting, and corporate planning; civil, mechanical, and electrical engineering; personnel administration, information technology, real estate, and business; electronic plant installation, maintenance, and repairing; and security services. Additionally, the company offers water systems; public lighting systems and services; electric mobility; and environmental studies services. It operates renewable, wind, thermal, hydroelectric, nuclear, photovoltaic, and geothermal power plants. The company was founded in 1962 and is headquartered in Rome, Italy.

Enel SpA

ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, Thermal, Supply, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy facilities using various energy sources, such as hydroelectric, onshore wind, photovoltaic solar, biomass, offshore wind, and geothermal. The Networks segment comprises the electricity and gas infrastructure activities and projects, including the management and development of gas and electricity transportation networks and natural gas distribution networks in and outside of Europe, natural gas underground storage in Europe, and regasification infrastructure in France and Chile. The Energy Solutions encompasses the construction and management of decentralized energy networks to produce low-carbon energy and related services. The Thermal segment encompasses power generation activities using thermal assets; operation of power plants fueled mainly by gas or coal, as well as pump -operated storage plants; and financing, construction, and operation of desalination plants, as well as the development of hydrogen production. The Supply segment engages in the sale of gas and electricity to professional, individual, and residential clients. The Nuclear segment engages in the nuclear power generation activities. The company was formerly known as GDF SUEZ S.A. and changed its name to ENGIE SA in April 2015. The company was founded in 1880 and is headquartered in Courbevoie, France.

ENGIE SA

EEC Ventures | 1,387 followers on LinkedIn. Energy, efficiency, clean world.
We support world-changing technologies digitalizing industry | EEC Ventures Sp z o.o. manages Central and East European funds specializing in the Energy, Environment, Utilities and Advanced Materials sectors. 
 
EEC Ventures has the following target group: companies with unique technology, know how or market position for the energy, water and waste management sectors. Target companies should provide the market with products or services that respond to the following global trends: (1) steady energy demand increase, (2) natural resources reduction, (3) reduction in wastes generation, (4) reduction of CO2 emissions, (5) upgrade of utilities infastructure.

Managing Partner (CEO) EEC Ventures and EEC Magenta

Michal Ruminski

Investment analyst @ EEC Ventures, a leading VC fund investing in innovative companies from the: Energy, Environment and Cleantech domains. Bridge…

Kacper Kopka

Michal Lasocki & Konrad Sitnik of EEC Ventures attended TBB 2024 by EIT InnoEnergy 2024 The Business Booster is a must-have for anyone in the energy and sustainability sectors! 🚀 This event offers great integration opportunities for startups, investors, and businesses to collaborate, share technologies, and drive innovation together. It’s not just about networking—it’s about real knowledge exchange, unlocking new ideas, and scaling sustainable solutions globally. If you're into clean energy and sustainability, this is the event to watch! 🔋🌱 image left to right : Mikolaj Budzanowski , Karolina Brzóska, PhD Eng. Jakub Przybylski , Szymon Kwiatkowski, CFA , Konrad Biniewicz, CFA , Marcin Koziorowski , Michal Lasocki , Marcin Lewenstein , Marta Małasiewicz , Jacek Królik , Konrad Sitnik , Bartlomiej Mazurkiewicz , Boryszew S.A. , ORLEN VC , EcoBean , ABB Ventures , The Batteries #Innovation #EnergyTransition #TheBusinessBooster #InnoEnergy #Sustainability #CleanTech

We’re #hiring Launch or scale-up a VC-backed company in partnership with EEC Ventures in Warsaw, Mazowieckie. Apply today or share this post with your network.

[ENG below] Z okazji Dnia Energetyka życzymy pracownikom sektora niegasnącej energii, sukcesów zawodowych oraz satysfakcji z pracy. Dziękujemy za Wasz wkład w dostarczanie energii, która napędza nasz świat! Wszystkiego najlepszego! Zespół EEC Ventures oraz spółki portfelowe funduszy EEC Magenta: CashDirector ⚡ ChallengeRocket.com ⚡ Platforma DBR77.com ⚡ Grupa GeoFusion Sp. z o.o. ⚡ GLOPACK ⚡ ICsec S.A. ⚡ Lekta AI ⚡ ReliaSol ⚡ Sinterit ⚡ The SmokeD wildfire detectors ⚡ Solwena ⚡ TakeTask ⚡ Waste24 On the occasion of the Energy Worker's Day, we wish all employees of the sector continued, satisfying careers and never-ending energy. Thank you for your contribution to providing the energy that powers our world! We wish you all the best! The EEC Ventures team and the portfolio companies of the EEC Magenta funds: CashDirector ⚡ ChallengeRocket.com ⚡ Platforma DBR77.com ⚡ Grupa GeoFusion Sp. z o.o. ⚡ GLOPACK ⚡ ICsec S.A. ⚡ Lekta AI ⚡ ReliaSol ⚡ Sinterit ⚡ The SmokeD wildfire detectors ⚡ Solwena ⚡ TakeTask ⚡ Waste24

[english follows] To zdjęcie wygląda, jakbym otrzymał nagrodę. W rzeczywistości, ja ją tylko odbieram (takie Glovo - przyjeżdzam, odbieram, zawożę, przekazuję) Ta nagroda przeznaczona jest dla Łukasz Kamiński i Mateusz Gawin którzy stworzyli Waste24 To wielka satysfakcja dla mnie jako inwestora ( EEC Ventures ) być częścią budowania firmy od zera. Odbierający nagrodę zawsze wspomina o tym, że to jest nagroda która należy się całemu zespołowi. Bardzo ważne jest, aby to podkreślić. Ale dodatkowo, #exexutivesummit poświęcony jest liderom, dlatego chciałbym dodać kilka słów. Założyciele firm każdego dnia stawiają czoła ogromnym wyzwaniom. Idą drogą, którą wielu im odradza ( "po co Ci to, to się nie uda, masz dobrą pracę") Dostrzegają szansę, zmieniający się świat, walczą o udowodnienie, że to robią jest wartościowe i ma sens. Ryzykują swoje oszczędności, także lata ciężkiej pracy, Spędzają w firmie długie godziny, odczuwają stres, nieprzespane noce i presję psychiczną oczekiwań klientów, inwestorów, pracowników, rodzin. Jednocześnie, mimo przeciwności potrafią zainspirować swoje zespoły. Szanuję wszystkich przedsiębiorców technologicznych za ich odwagę, determinację i niezłomność. Te działania nie tylko przynoszą osobiste sukcesy, ale także napędzają gospodarkę, sprawiają że jest bardziej dostosowana do wyzwań współczesnego świata i tworzą miejsca pracy. This photo looks like I've received an award. Actually, I'm just collecting it (like Glovo – I arrive, pick up, deliver, hand over). This is an award for Łukasz Kamiński and Mateusz Gawin , who created Waste24 . It's a great satisfaction for me as an investor ( EEC Ventures ) to be part of the process of building a company from scratch. The person receiving the award usually mentions: it is earned by the whole team. And that's true. But additionally, as this event is dedicated to leaders, I would like to add a few extra words. Founders of companies face enormous challenges every day. They embark on a journey many advise against (why bother, it won't work, you have a good job). They see opportunities, a changing world, and fight to prove that what they're doing is valuable and makes sense. They risk their savings and years of hard work, They spend long hours at the company, experiencing stress, sleepless nights, and the pressure of expectations from customers, investors, employees, and families. At the same time, despite the obstacles, they manage to inspire their teams. I respect all tech entrepreneurs for their courage, determination, and resilience. These efforts not only bring personal success but also drive the economy, make it more adaptable to the challenges of the modern world, and create jobs. Photo Irina Lastovjak

Michal Lasocki

Absolutely thrilled to announce that Waste24 has been nominated by Sifted as one of the 30 fastest-growing startups in Central Europe at the ViennaUP startup festival! 🎉🏆 Congrats to Łukasz Kamiński and Mateusz Gawin on your achievements ! This journey from a small team and limited seed investment to delivering so much value is truly inspiring. Waste24’s remarkable growth is a testament to your out-of-the-box vision , and is on track to generate exceptional returns on investment for you and for us, EEC Ventures . What is equally important, this also means tangible benefits for the society and our planet. Most of the companies on this list involve much larger teams and have secured significantly larger funding. Achieving this level of success with a lean team and efficient use of resources highlights your innovation and determination. 💡Waste24's story demonstrates that even without extensive funding (this is one of our smallest investments deployed at a very early stage) impactful results can be achieved through innovative strategy and effective execution. Here’s to many more milestones and continued success! 🚀👏

I am happy to announce EEC Ventures participation in SpinLab - The HHL Accelerator Investors Day in Leipzig. A lot of interesting things are happening there. See you there! 🚀 #SpinLab #HHLAccelerator #InvestorsDay #Leipzig

The time has come to read a very interesting report: the GREENTECH REPORT POLAND 2024 prepared by Accelpoint , Taylor Economics in partnership with PKO Bank Polski BP, and EIT Climate-KIC CEE We are delighted to see the presence of three of our portfolio companies ( Solwena , The SmokeD wildfire detectors , and Waste24 ) in the cited report. EEC Ventures is at the forefront of green VC funds, as proven by the number of portfolio companies mentioned in the report in relation to the total number of all companies in the portfolio. Our companies have verified and confirmed the market value of the technologies and their products. They have also established partnerships with large regional or global players, and their revenues are growing. Both The SmokeD wildfire detectors and Waste24 are already generating revenue in foreign markets. Solwena is working with major international corporations and is in the process of negotiating agreements that will result in revenues from abroad. The report contains a very thorough analysis, starting from the good definition of concepts such as greentech, cleantech, climatetech, and many interesting analyses. The report paints a picture of a young and delicate ecosystem. Quantitatively, the community of 133 "green" startups is indeed a very small percentage compared to the 4,900 technological companies in Poland. These startups are in the early stages of development, they still have modest revenues, and individual investors dominate among the investors. VC funds associated with PFR Ventures are the major capital contributor This early stage of the system is likely the reason why less than one-third of the described startups have sought R&D funding, which is usually an appropriate source of financing for projects at this stage. It is also surprising to note that Hungary and Lithuania have attracted more investment in this sector than Poland. Reading the entire report is highly recommended.

Przyszedł czas na lekturę bardzo ciekawego raportu GREENTECH RAPORT POLSKA 2024 przygotowanego przez Accelpoint Taylor Economics , (partnerzy PKO Bank Polski EIT Climate-KIC CEE ) Cieszy nas bardzo obecność aż 3 naszych spółek portfelowych ( Solwena , SmokeD i Waste24 ) w cytowanym raporcie. EEC Ventures znajduje się w czołówce zielonych funduszy VC,o czym świadczy ilość spółek portfelowych wymienionych w raporcie w relacji do całkowitej ilości wszystkich spółek w portfelu. Nasze spółki potwierdziły wartość rynkową technologii, o którą oparte są ich produkty. Nawiązały również współpracę z dużymi regionalnymi lub globalnymi graczami, a ich przychody wzrastają. Zarówno SmokeD jak i Waste24 osiągają już przychody na rynkach zagranicznych. Solwena pracuje z dużymi międzynarodowymi koncernami, i jest w trakcie negocjacji umów, które zaowocują przychodami z zagranicy. Raport zawiera bardzo wnikliwą analizę, poczynając od dobrego zdefiniowania pojęć greentech, cleantech, climatetech i wiele ciekawych analiz Raport rysuje obraz młodego i delikatnego ekosystemu. Patrząc ilościowo: społecznośc 133 "zielonych" startupów to rzeczywiście bardzo mały procent w stosunku do 4,9 tys spółek technologicznych w Polsce Startupy te znajduja się na wczesnych etapach rozwoju, mają jeszcze niewielkie przychody, a pośród inwestorów dominują osoby fizyczne. Pośród inwestorów VC głowną rolę odgrywają fundusze z grupy PFR Ventures Tak wczesna faza rozwoju systemu jest prawdopodobną przyczyną faktu, że mniej niż jedna trzecia opisanych startupów sięgnęła po dofinansowanie B+R, które zwykle jest adekwatnym żródłem finansowania projektów na tym etapie. Zaskakująca jest też informacja, że Węgry oraz Litwa przyciągnęły większą ilość inwestycji w tym sektorze niż Polska. Polecamy lekturę całego raportu Michal Przybylowski, PhD , dr Piotr Tarnowicz, dr Tomasz Tomaszewski , Michał Bańka Ph.D dr hab. Jerzy Rosiński, prof. UJ Maciej Majewski , Jakub Jankowski Malgorzata Darowska Michal Kolesnikow Mirella Panek-Owsiańska (she/her) Krzysztof Mazur Konrad Ozdowy

Greetings from Sunny Warsaw ! Meet me at Wolves Summit , tomorrow I will be sharing some insights about the story of Waste24 , EEC Ventures portfolio company . #innovation #venturecapital #fundraising

Metric
Company Name	EEC Ventures	BP p.l.c.	Enel SpA	ENGIE SA
Symbol		BP	ENEL	ENGI
MSH ID	COM:EECVENTURES	COM:BP	COM:ENEL	COM:ENGIE
Market	PRIVATE	STOCKS	STOCKS	STOCKS
Sector	Technology	Energy	Utilities	Utilities
Industry	Information Technology	Oil & Gas Integrated	Diversified Utilities	Diversified Utilities
Country	PL	GB	IT	FR
Stage		Post-IPO	Post-IPO Debt
Employee Count		87.80K	60.91K	97K
Website	eecventures.com	bp.com	enel.com	engie.com
LinkedIn	eec-ventures	bp	enelgroup
Founders

Metric
Market Cap		99.92B	72.48B	36.16B
Enterprise Value
Monthly Web Traffic	3	6.42M	9.53M
Web Traffic Growth	-0.98	0.47	0.58
Valuation
Raised Capital		1B	2.04B

Metric
Revenue	210.13B	98.10B	87.21B
Revenue (LTM)
Revenue (NTM)
Gross Profit	46.60B	19.62B	27.01B
EBITDA	46.35B	23.12B	19.07B
Operating Income	29.95B	14.57B	13.91B
Net Income	15.24B	3.64B	2.33B
EPS	5.27	0.34	0.93
Diluted EPS	5.15	0.34	0.92
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.23	0.34	0.22
Operating Profit Margin	0.15	0.17	0.13
EBITDA Margin	0.22	0.24	0.22
Net Profit Margin	0.07	0.08	0.07
Return on Equity	0.21	0.24	0.18
Return on Assets	0.05	0.04	0.03
Return on Capital Employed	0.17	0.11	0.08

EECV

COM:EECVENTURES

EEC Ventures

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	3.84	8.84	-39.66
P/B Ratio	1.36	1.94	1.22
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	0.52	0.88	0.53
EV Multiple	1.71	0.37	0.73

Metric
Days Sales Outstanding			400.47
Days Payables Outstanding	132.93	61.66	203.98
Days Inventory Outstanding	54.94	24.97	33.17
Operating Cycle	110.53	120.66	206.94
Cash Conversion Cycle	-21.94	59.01	92.59
Asset Turnover	0.75	0.50	0.42

Metric
Operating Cash Flow	32.04B	15.44B	13.85B
Free Cash Flow	17.75B	1.96B	6.11B
Cash Flow to Debt	0.59	0.23	0.27
Operating Cash Flow/Sales	0.15	0.18	0.17
Free Cash Flow Yield	0.23	0.08	0.03

Metric
Cash & Equivalents	33.03B	7.18B	17.51B
Accounts Receivable		-2.74B	13.21B
Inventory	22.82B	4.53B	5.64B
Goodwill	12.47B	13.78B	13.59B
Debt to Capitalization	0.46	0.76	0.64
Debt to Assets	0.21	0.39	0.21
Current Ratio	1.21	0.89	0.94
Quick Ratio	0.95	0.80	0.92

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue		0.00
R&D to Revenue
SG&A to Revenue		0.07