New €34M Nucleo Ventures fund targets startups and SMEs across Central and Eastern Europe
Fortech Ventures announces the launch of a €34 million investment fund and its transition to a new public identity, Nucleo Ventures. Formerly known as Fortech Ventures, Nucleo Ventures will invest in 46 startups and growth-stage companies over the next four years, positioning Romania's North-West Region as a hub for entrepreneurship. VC Fund New €34M Nucleo Ventures fund targets startups and SMEs across Central and Eastern Europe Formerly known as Fortech Ventures, Nucleo Ventures will invest in 46 startups and growth-stage companies over the next four years, positioning Romania's North-West Region as a hub for entrepreneurship.
Key Takeaways
- Cate Lawrence 3 hours ago Share Share Send email Copy link Fortech Ventures announces the launch of a €34 million investment fund and its transition to a new public identity, Nucleo Ventures .
- The choice of the North-West Region, which includes the counties of Cluj, Bihor, Maramureș, Satu Mare, Bistrița-Năsăud, and Sălaj, as the focal point of the fund's investment strategy is no coincidence.
The region is home to some of Romania's strongest universities and technology communities and is already recognised for its thriving IT sector and its ability to generate companies with international growth potential.
- 7 million grant facility designed to support the validation of early-stage ideas and technologies.
According to Valentin Filip, Managing Partner at Nucleo Ventures, Romania and Central and Eastern Europe have exceptional technical talent, yet many founders continue to face a shortage of the early-stage capital needed to grow their businesses.
- " Beyond financing, portfolio companies will gain access to mentoring, recruitment support, commercial strategy development, international expansion expertise, preparation for future fundraising rounds, and connections to strategic partners.
To support these goals, Nucleo Ventures is building a regional collaboration network together with organisations such as Rubik Hub, Make IT in Oradea, LevelUP, and other key ecosystem players.
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Stats & Key Facts
- #Fortech Ventures announces the launch of a €34 million investment fund and its transition to a new public identity, Nucleo Ventures.
- #Formerly known as Fortech Ventures, Nucleo Ventures will invest in 46 startups and growth-stage companies over the next four years, positioning Romania's North-West Region as a hub for entrepreneurship.
- #VC Fund New €34M Nucleo Ventures fund targets startups and SMEs across Central and Eastern Europe Formerly known as Fortech Ventures, Nucleo Ventures will invest in 46 startups and growth-stage companies over the next four years, positioning Romania's North-West Region as a hub for entrepreneurship.
- #Cate Lawrence 3 hours ago Share Share Send email Copy link Fortech Ventures announces the launch of a €34 million investment fund and its transition to a new public identity, Nucleo Ventures .
Formerly known as Fortech Ventures, Nucleo Ventures will invest in 46 startups and growth-stage companies over the next four years, positioning Romania's North-West Region as a hub for entrepreneurship. VC Fund New €34M Nucleo Ventures fund targets startups and SMEs across Central and Eastern Europe Formerly known as Fortech Ventures, Nucleo Ventures will invest in 46 startups and growth-stage companies over the next four years, positioning Romania's North-West Region as a hub for entrepreneurship. Cate Lawrence 3 hours ago Share Share Send email Copy link Fortech Ventures announces the launch of a €34 million investment fund and its transition to a new public identity, Nucleo Ventures .
The fund, which benefits from a €23. 5 million institutional commitment from ADR Nord-Vest, complemented by private capital and contributions from the management team, will support startups and innovative companies at various stages of development, from early-stage ventures to SMEs with international scaling potential.
Through its investment strategy, Nucleo Ventures aims to finance 46 companies over the next four years, contributing to the development of a new generation of businesses built in Romania for global markets. The choice of the North-West Region, which includes the counties of Cluj, Bihor, Maramureș, Satu Mare, Bistrița-Năsăud, and Sălaj, as the focal point of the fund's investment strategy is no coincidence. The region is home to some of Romania's strongest universities and technology communities and is already recognised for its thriving IT sector and its ability to generate companies with international growth potential.
For more details please read the original article at Tech.eu.
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