Radix Ventures announced the first round of investment funding in the amount of 41 million euros, the purpose of which is to support startups in the field of deep technologies in Central and Eastern Europe, in particular in Ukraine.
Investment fund
Funding and partners
Polish venture capital company Radix Ventures has completed the first investment round, raising 41 million euros. Financing was provided by the European Investment Fund (EIF), PFR Ventures, as well as a group of private investors from the countries of Central and Eastern Europe. This is reported by AIN.UA.
Fund goal
This round brought the fund closer to its goal of raising €60 million for investments in startups working in the field of deep technologies (deeptech) at the late stages of seed funding in the Central and Eastern Europe region. The management of the fund aims to identify, select and support the most promising startups in this field, helping them to scale and achieve success.
Opportunities for Ukrainian startups
According to the venture partner of Radix Ventures Sergey Sokolenko, Ukrainian entrepreneurs , which work in the field of deep technologies and dual-use technologies, can also benefit from the foundation's strong connections with production and research bases in Poland and other countries of Central and Eastern Europe.
About Radix Ventures
Radix is a new Polish venture fund led by three general partners: Pawel Bochniarz, Wojciech Ratymirski and Michal Urbanowski. The fund has already attracted several technology investors in Romania, Hungary and Ukraine as venture partners responsible for activities in key local centers in Central and Eastern Europe.
Investment Focus
Radix Ventures specializes in investing in late-stage seed funding startups in Central and Eastern Europe. The foundation's mission is to support innovations that contribute to sustainable development and technological progress.
Glossary
- Radix Ventures is a Polish venture fund that invests in startups in the field of deep technologies in Central and Eastern Europe .
- The European Investment Fund (EIF) is one of the institutions of the European Commission that finances small and medium-sized enterprises.
- PFR Ventures is a Polish state venture capital company.
- Deep technologies (Deeptech) are innovative technologies based on scientific discoveries and engineering innovations.
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Discussion of the topic – Radix Ventures Announces Start of €41 Million Funding to Support Startups in CEE, Including Ukraine
The Polish venture capital fund Radix Ventures announced the first round of financing in the amount of €41 million for investments in deeptech startups at the late seed stages in Central and Eastern Europe, in particular in Ukraine. The European Investment Fund, PFR Ventures and a group of private investors from the CEE supported this round of financing.
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Олександр
Interestingly, among those who supported Radix Ventures is the European Investment Fund. This speaks of the great potential of startups in CEE 🚀
Катерина
Yes, Oleksandr, this is a really important step to support Ukrainian deeptech startups. I am glad that Radix will invest in this sector in our region 💻
Василь
It's great that funds like Radix Ventures are emerging! Startups in CEE need more attention and funding. Perhaps our region will become a new center of innovation 💡
Марта
I like that Radix focuses on deeptech startups. This industry has a huge potential for solving complex problems of humanity and preserving the environment 🌱
Збігнєв
Hmm, all these "innovations" and "funds" seem to me to be just another fashion trend. Isn't it better to focus on traditional industries? 🙄
Анна
Zbigniew, let's not be too skeptical! Deeptech can enrich our traditional industries and increase their competitiveness 💪 Players like Radix are worth supporting.
Януш
Personally, I am glad that Radix includes Ukrainian startups in its investment sphere. This will open up new opportunities for our talented entrepreneurs 🇺🇦
Малгожата
Yes, this is really good news for Ukraine and the entire CEE. I can't wait to see what innovative projects will emerge thanks to the support of Radix Ventures! 🔅