Foundcenter Investment GmbH
Foundcenter Investment GmbH: launches venture fund for start-ups in the CEE region
DGAP-News: Foundcenter Investment GmbH / Key word(s): Funds/Miscellaneous Foundcenter Investment launches venture fund for start-ups in the CEE region – New venture fund with a volume of EUR 40-50 million in conjunction with Company Builder – High-caliber investment committee composed of entrepreneurs and business angels – CATCH 2016 Pitch Challenge successfully held in Belgrade – CEE region contains a wealth of talent and ideas but lacks venture capital support Berlin/Belgrade, 18 October, 2016 – Foundcenter Investment, an investment fund based in Berlin, Los Angeles and Belgrade, today announced that it is setting up a venture fund that will primarily invest in start-ups from the CEE region and export successful business models to Central Europe and North America. The first fund is scheduled to launch no later than the first quarter of 2017 and is expected to have a volume of at least EUR 30 million. Foundcenter brings together the investment expertise of high-caliber entrepreneurs and business angels from across German-speaking Europe. These joint activities began with a ‘pitch challenge’ in Belgrade entitled CATCH 2016, which resulted in investment commitments totaling approximately EUR 4.7 million. The event gave start-up founders an opportunity to convince potential investors about themselves and their business ideas and enter into attractive investment agreements directly with Foundcenter Investments. In addition to providing these entrepreneurs with financial support, the company also offers its Company Builder service, which is based in Berlin and Belgrade and aims to generate sustainable, long-term growth. A distinguished committee Finalists from more than 850 start-ups in six categories took part in this competition to find the 13 best start-ups in the CEE region. The jury generally selected start-ups focusing on SaaS, medical technology and mobility. The ten-strong investment committee comprised experts and investors such as: Start-ups from across the CEE region Dejan Jocić, member of the Investment Committee and founder of Foundcenter Investment, said: “We are convinced that the CEE region holds all kinds of innovative, entrepreneurial potential just waiting to be tapped. As the region still remains outside the focus of many investors, it offers numerous possibilities. We want to use our fund to promote these ideas and provide the growth and opportunities to implement them across Europe. CATCH has exceeded our expectations as a starting point for these efforts.” About Foundcenter Investment Press contact
2016-10-18 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |