Published On: Tue, Jan 12th, 2021

LAUNCHub Ventures streamer towards a $85M account for South Eastern European startups

LAUNCHub Ventures, an early-stage European VC that concentrates especially on Central Eastern (CEE) and South-Eastern Europe (SEE), has finished a initial shutting of a new account during €44 million ($53.5M), with an end to strech a aim distance of €70 million. A final tighten is approaching by Q2 2021.

Its principal devotee is a European Investment Fund, corporates and a series of Bulgarian tech founders and investors.

With this new fund, LAUNCHub aims to deposit in 25 startups in a subsequent 4 years. The initial investment operation will be between €500K and €2M in verticals such as B2B SaaS, Fintech, Proptech, Big Data, AI, Marketplaces, Digital Health. The account will also actively deposit in a Web 3.0 / Blockchain space, as it has finished so given 2014.

LAUNCHub has also achieved a 50:50 gender separate in a team, with Irina Dimitrova being promoted to handling partner while Raya Yunakova who joins as an Investor, formerly operative for PiLabs in London and Mirela Yordanova joins as an Associate, formerly heading a startup village during Google for Startups Campus in London.

The financier is mining a abounding perspective of rarely learned developers in a CEE countries where there are approximately 1.3 developers for each 100 people in a workforce. “Central and Eastern Europe’s fast mercantile expansion has held a courtesy of Western investors acid for a subsequent unicorn. The segment has outrageous and still untapped intensity with some-more and some-more internal success stories, paving a approach for a subsequent era of CEE tech founders.” pronounced Todor Breshkov, Founding Partner during LAUNCHub Ventures .

LAUNCHub Ventures competes with other investors like Earlybird in a region, though they tend to deposit during a after theatre and is some-more typically a co-investor with LAUNCHub. Nearby Greece also facilities Greek supports such as Venture Friends and Marathon, though these tend to concentration on their core nation and diaspora entrepreneurs. Others embody Speedinvest (usually focused on DACH) and Credo Ventures, some-more focused on a Czech Republic and CEE.

LAUNCHub partner and cofounder Stefan Grantchev told me: “Our plan is to be regional, not to concentration privately on Bulgaria – though to demeanour during all a opportunities in a segment of South-Eastern Europe.”

LAUNCHub Ventures has corroborated companies including:

  • Giraffe360 (Robotic camera for genuine estate inventory automation, co-investment with Hoxton Ventures and HCVC)

  • Fite (Premium approach to consumer digital live streaming for sports, followed-on by Earlybird)

  • GTMHub (The world’s heading and many discerning OKR software, followed-on by CRV)

  • FintechOS (Banking and Insurance middleware for automation and digital creation acceleration, followed-on by Earlybird and OTB)

  • Cleanshelf (Enterprise SaaS government and optimization platform, followed-on by Dawn Capital)

  • Office RnD (Co-working and stretchable bureau space management, followed-on by Flashpoint Ventures)

  • Ferryhopper (Ferry ticketing height for Southern Europe, co-investment with Metavallon)

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