Hungarian Lead Ventures Launches €100M Fund for CEE Startups
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Loading... - Hartwin Stein
- 31 Jul 2024
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Budapest-based Lead Ventures has made a significant announcement regarding the final close of its second fund, amounting to €100 million. This substantial capital injection aims to support late seed and Series A startups across Central and Eastern Europe (CEE).
Fund Highlights
Total Fund Size: €100 million
Target Investment Stage: Late seed and Series A startups
Investment Range: €2 million - €10 million per startup
Focus Areas: Mobility, energy, fintech, B2B software verticals, and more.
This fund is among the largest raised recently in the region, alongside OTB Ventures’ $185 million and Inovo’s €105 million funds. Lead Ventures’ new fund underscores the growing investor confidence in the CEE startup ecosystem.
Lead Ventures focuses on startups whose products and services have already been validated in the market and are poised for substantial growth. The VC firm looks for investment opportunities across various sectors, ensuring a diversified portfolio that can address different market needs and challenges.
Notable Investments and Exits
With its first fund, Lead Ventures made several key investments:
- CloudTalk (Slovakia): A call center software provider.
- Recart (Hungary): An e-commerce messaging platform.
- GoodVision (Czech Republic): An AI traffic analytics platform.
Successful exits include:
- AiMotive (Hungary): An autonomous vehicles technology company, noted as Hungary’s biggest exit.
- Amodo: An insurtech firm.
Lead Ventures has co-invested alongside prominent regional VCs such as Credo and Point9 Capital, reinforcing its collaborative approach to nurturing high-potential startups.
Lead Ventures' €100 million fund is set to bolster the CEE startup landscape significantly. By targeting late seed and Series A startups, the fund aims to bridge the gap between early validation and substantial market growth, providing critical financial support to innovative companies in the region. This initiative not only highlights the thriving startup ecosystem in CEE but also positions Lead Ventures as a key player in fostering technological and entrepreneurial growth in the area.
