The Bratislava, Prague, and Cyprus-based venture capital company has announced that it will invest €60 million ($64 million) in new and promising businesses throughout Central and Eastern Europe over the next several years.
Zero Gravity Capital's first fund, established three years ago, has invested €23 million ($24 million) in many promising startups, such as Reado, an iERP project that improves sales predictions; Powerful Medical, which reads ECG records; and Simplicity, which facilitates communication between cities and citizens and is officially used by metropolises such as New York and Miami. As a bonus, it also includes the Czech "financial antivirus," Patron.
According to Czech tech news outlet Czechcrunch, with the creation of its second, bigger fund, Zero One Hundred plans to invest mostly in pre-seed through series A startups with great growth potential and international reach. A part of the assets will be invested in venture capital funds in the Central European area, in addition to direct investments in entrepreneurs.
Duffek, Vt Hanu, and Michal Csonga, three seasoned partners, head the fund. Between them, they have decades of professional experience, an extensive international network, and a methodical, data-driven approach to analyzing investment prospects.
Play audio
No comments