One of the largest (most valuable) tech companies in Poland is an AI startup that didn't exist four years ago. Allegro, founded in 2022, closed a $500M round at an $11B valuation in early 2026, overtaking ElevenLabs, Polish e-commerce giant that's been around since 1999.
Polish large cap tech spans across many segments: generative AI, e-commerce, gaming, enterprise IT, fintech, healthtech.
What are the largest tech companies in Poland?
This ranking includes public, private and acquired tech companies in Poland, as of July 2026. Valuations for public companies are based on market capitalization, private company valuations are last reported or recently rumoured.
On ZIRP-era valuations: we exclude companies whose latest reported valuation would be most likely enough to hit the list, but which are expected to be now valued significantly lower.
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1
AllegroAllegro is a large Polish holding company with a suite of complementary online retail properties including Ceneo (price comparisons), EBilet (live events tickets), We|Do (courier services), and the Mall Group (online and offline retail in adjacent Central European markets). The firm is best known for its eponymous e-commerce marketplace, which generates predominantly third-party product sales across the home and garden, electronics, health and beauty, automotive, and supermarket categories. The operator boasts 45% to 50% share of the Polish e-commerce market by GMV, per our calculations and PWC data, and has built out a suite of ecosystem functionality that includes financial, logistics, and advertising services.
$11.6B
$3.1B
4.0x
Public
2
ElevenLabsElevenLabs is a London and Warsaw-headquartered AI company providing voice synthesis, cloning, dubbing, and generation tools. Its platform supports text-to-speech in over 29 languages, developer APIs for voice agents, and enterprise solutions for content localization. Features include instant voice cloning from short audio samples, emotional tone preservation, and audio editing capabilities used by creators and businesses worldwide.
$11.0B
$500M
22.0x
Private
3
CD ProjektCD Projekt SA is the holding company of CD Projekt capital group. The firm with its subsidiary develops and publishes videogames for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital videogame distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from CD Projekt Red segment.
$6.1B
$234M
25.2x
Public
4
Benefit SystemsBenefit Systems SA is Poland based company which is engaged in providing work benefits in the area of sport, recreations, culture and entertainment. Its products portfolio includes MultiSport Plus card, program that allows access to the sport and recreation clubs and multi-purpose facilities as well as Mybenefit, Benefitlunch, Multibilet, Multikafeteria and others.
$4.6B
$1.2B
4.4x
Public
5
XTBXTB SA is engaged in brokerage activities business. It is a Polish broker from the fin-tech sector, providing products and services dedicated to active investing, saving, and virtual payment management. The group conducts its operations through two business segments; the Retail segment includes the provision of trading in financial instruments for individual customers; the Institutional segment includes the provision of trading in financial instruments and offering trade infrastructure to entities (institutions), which in turn provide services of trading in financial instruments for their customers under their brand. It derives a majority of its revenue from the Retail segment.
$4.1B
$579M
5.7x
Public
6
Asseco PolandAsseco Poland SA is a Poland-based information technology (IT) company, which is engaged in the development of software for companies from different sectors of the economy. It also provides enterprise resource planning solutions and services to micro, small, and mid-sized companies, as well as large enterprises; and business intelligence software and services. The company's operating segments include the Asseco Poland segment, the Asseco International segment, and the Formula Systems segment. It generates the majority of its revenue from the Formula Systems segment.
$4.0B
$4.7B
0.6x
Public
7
ModivoModivo SA operates in the footwear and apparel segment across multiple European markets. The group follows an omnichannel retail model that includes a network of physical stores and e-commerce platforms. Its operations are conducted under several brands, including CCC, HalfPrice, eobuwie.pl, MODIVO, Worldbox, and Boardriders.
$1.9B
$3.0B
1.0x
Public
8
eobuwie.pleobuwie.pl is an e-commerce retailer of footwear and accessories across Central and Eastern Europe. Zielona Góra, Poland-headquartered and founded in 2005, it stocks 1,000 brands including Nike and Adidas with 10 million products shipped yearly to Poland, Czechia, and Slovakia. The platform features 24/7 customer service in six languages.
$1.7B
$800M
2.1x
Private
9
TechlandTechland is a Wroclaw-headquartered video game developer and publisher based in Poland. Established in 1991, the studio initially distributed software before shifting to in-house production of titles using its proprietary Chrome Engine technology, now in version 6. Techland creates high-budget games for PC, Xbox One, PlayStation 4, and mobile platforms, with notable releases including the Dead Island and Call of Juarez series. The company maintains offices in Warsaw, Ostrow Wielkopolski, and Vancouver, Canada.
$1.6B
$58M
27.4x
Acquired
10
DocPlannerDocPlanner is a healthcare software provider streamlining patient-doctor interactions. Warsaw-headquartered and founded in 2012, it runs online marketplaces under brands like ZnanyLekarz across 13 countries in Europe and Latin America. DocPlanner offers appointment booking, reviews, scheduling, teleconsultations, and clinic management tools, with advanced optimization via the TuoTempo suite for large institutions. Offices span Barcelona, Istanbul, Rome, Mexico City, Munich, Berlin, Rio, and Amsterdam.
$1.0B
–
–
Private
11
BLIK
$1.0B
–
–
Private
12
Grupa PracujGrupa Pracuj SA is engaged in offering digital recruitment services. The company is an owner of brands contributing to a digital ecosystem addressed to the HR world. It segment includes Poland; Ukraine and Germany. The company derives a majority of revenue from Poland segment.
$864M
$219M
3.9x
Public
13
Asseco SEEAsseco South Eastern Europe SA along with its subsidiaries provides implementation, integration and outsourcing services. It conducts business operations in the markets of Poland, South Eastern Europe, and Turkey. Its business is divided into three operating segments. Banking Solutions segment deals with integrated banking systems based on the Oracle and Microsoft platforms, including primarily core banking systems. Payment Solutions is engaged in the sale and maintenance of ATMs and POS terminals (point of sale) as well as in the provision of related support services. Systems Integration segment is engaged in the development of customized IT systems, integration of third-party software and elements of infrastructure, as well as in the sale and installation of hardware solutions.
$839M
$508M
1.6x
Public
14
cyber_FolksCyber Folks SA Formerly R22 SA is a technology company. The company focuses on scalable services offered in the subscription model and SaaS, operates within the entire value chain - from creating its own solutions, through their maintenance from the technological side, to sales and customer service. It offers hosting services and domain sales, omnichannel communication services automating electronic communication with recipients and telecommunications services.
$752M
$227M
4.0x
Public
15
Asseco Business SolutionsAsseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.
$738M
$130M
5.6x
Public
16
VercomVercom SA is engaged in providing cloud communication platforms that enable companies to build and develop relationships with recipients through multiple channels: communication: email, SMS, push, instant messaging.
$713M
$127M
5.5x
Public
17
BooksyBooksy is a Poland-founded booking platform connecting beauty, wellness, and health professionals with customers across Poland, the United States, United Kingdom, Spain, and France. Booksy Biz provides mobile-first SaaS tools for appointment management, staff scheduling, payments, and client retention. The Booksy Marketplace enables instant bookings for services from stylists, barbers, nail artists, estheticians, and spas based on profiles, reviews, pricing, and availability.
$580M
–
–
Private
18
AB S.AAB Spolka Akcyjna is a Poland-based company that operates as a distributor of IT and consumer electronics. The company distributes consumer electronics and equipment connected with mobile telephony, expands its portfolio of products. The group also trades in household appliances, toys, telephone products, and digital terrestrial televisions; and provides cloud computing solutions and other services, and logistics services. In addition, it manufactures personal computers; and engages in retail trade activities. Geographically its business presence can be seen in the region of Poland, the Czech Republic, and Slovakia.
$569M
$4.1B
0.2x
Public
19
CompComp SA is a Polish technological company specializing in IT security, network security, and retail solutions. The services provided by the company include corporate and network security, design, and implementation of complex ICT systems, market sectors, authorized servicing and maintenance services of computer hardware.
$459M
$229M
2.1x
Public
20
SygnitySygnity SA is an IT consulting company. The company serves banking; capital markets; energy; utility; retail and other industries. It generates revenue from Licences and software; Implementation services and Maintenance services.
$453M
$93M
4.3x
Public
21
Ramp NetworkRamp Network is a Warsaw-headquartered fintech company founded in 2017 that builds payment infrastructure connecting cryptocurrency ecosystems with traditional banking rails. It offers fiat-to-crypto on-ramp services supporting bank transfers, cards, and local payment methods in over 150 countries. The platform enables seamless conversions for exchanges, wallets, and dApps without requiring third-party custodians, powering transactions for platforms like Polygon and Optimism.
$450M
–
–
Private
22
Wirtualna PolskaWirtualna Polska Holding SA is a holding company based in Poland. It owns and runs internet portals. Its core operations comprise the sale of advertising services on the Internet and operating Internet portals such as . o2, Pudelek, Money.pl, domodi.pl, wakacje.pl, nocowanie.pl, Extradom.pl, totalmoney.pl as well as providing electronic services. Its segment include: Advertising and Subscriptions, Tourism and Consumer finance.
$445M
$619M
1.3x
Public
23
Polskie ePłatności
$437M
$59M
7.4x
Acquired
24
PlayWayPlayWay SA is a producer and publisher of computer and mobile games in Poland. The company provides with various games including Out of Reach: Treasure Royale, Car Manufacture, Schizm 3: Nemezis And Split among others.
$429M
$82M
4.3x
Public
25
VodenoVodeno is a Warsaw-headquartered fintech platform that enables embedded banking through its cloud-based core with a European banking license. Launched in 2018, it supports cash loans, buy-now-pay-later options, overdrafts, credit risk assessment, foreign exchange, and delivers credit decisions within 10 minutes for partners.
$406M
–
–
Acquired
26
Text SAText SA is a Poland-based company offering services in the SaaS (Software as a Service) model supporting sales and customer service. The company provides better customer service at scale by analyzing, enriching, and automating text communication. It has developed LiveChat, a tool used for direct communication between the website visitor and its owner. For the end user, it has the form of a chat window placed on the website, ChatBot, an all-in-one platform to build and launch conversational chatbots without coding; HelpDesk that supports customers with tickets; KnowledgeBase and OpenWidget.
$337M
$87M
3.7x
Public
27
INELOINELO is a Bielsko-Biała, Poland-headquartered telematics provider for transport fleets. The company manufactures GBOX satellite trackers, tachograph analyzers, and driver cards readers compliant with EU regulations. Processing data for 100,000+ vehicles, INELO helps carriers avoid fines through automated downloads and reporting. Established in 2002, it serves logistics firms across Europe with mobile apps and cloud dashboards.
$330M
$29M
11.4x
Acquired
28
ShoperShoper SA is a leader on the Polish market of software vendors for e-commerce in the SaaS model. It enables entrepreneurs to conveniently, quickly and easily set up own online store and conduct sales in the online channel. The comprehensive offer of the company consists of the Shoper platform available as a subscription, allowing for flexible adaptation to the needs of a given client, and a number of services sold in the pay-as-you-grow model, directly correlated with the number of orders or turnover generated through stores on the platform.
$308M
$59M
5.3x
Public
29
OponeoOponeo pl SA sells tires and wheels through the internet and stores. The company's activity is based on their own IT solutions, which include, inter alia, a centralized system of ControlCenter.
$294M
$658M
0.5x
Public
30
4Divinity4Divinity is a Warsaw-based digital and retail games publisher operating as a subsidiary of Gamecamp Ltd. The company releases titles across PC, console, and mobile platforms, focusing on strategy, simulation, and indie genres. Notable releases include Train Valley series and shapez, distributed via Steam, Epic Games Store, and physical retail in Europe. Established in 2020, 4Divinity partners with developers from Poland and Eastern Europe for global localization and marketing.
$250M
–
–
Private
Data and methodology
Underlying data
Public markets data is powered by FactSet (consensus analyst estimates), and Morningstar (historical data). Data points are calendarized to December where relevant: retrieved data on financial year ends (e.g. FY, FY+1 etc.) are mapped to calendar years (2025A, 2026E etc.) before the appropriate month weights are then applied to prior/future fundamentals.
Private transaction data is multi-sourced, aggregated from harvesting public information, 3rd party APIs, and data engineering. All data is verified and provided with an extensive manual process. If data permits, we apply our own logic to get to the EV. For example, for a large M&A deal with available information on the target's net debt, we might adjust a valuation to fully reflect an accurate EV. In all other cases, we take the reported valuation as the numerator. Financials: we source LTM revenue and LTM EBITDA data from company filings, press releases, or other verified sources. If LTM data is unavailable, we take the 'next best-fit' period (run-rate or calendar year), provided it makes sense in a given case. For example, if a deal closed in November 2025, we might take full-year 2025 revenue as a revenue benchmark.
Any raw figures are harmonised to USD for comparison purposes.
This page is built on data available at Multiples. Sign up for a free trial to see the full dataset.
