Sofia-based LAUNCHub Ventures secures €65 million first close of Fund III; targets €75 million+
LAUNCHub Ventures, a Sofia-based venture capital firm, has announced the first close of its third fund, targeting more than €75 million. The first close has already secured €65 million in commitments from leading international financial institutions, regional entrepreneurs, family offices, and more than ten LAUNCHub portfolio founders who have exited their own companies to support […] The post…
Sofia-based venture capital firm LAUNCHub Ventures has successfully closed its third fund with a first commitment of €65 million. Backed by leading international financial institutions, regional entrepreneurs, family offices, and over ten portfolio founders who have exited their companies, the fund targets a total of more than €75 million.
LAUNCHub Ventures, founded in 2012, has backed nearly 100 companies with over €100 million under management since its inception. The firm's portfolio includes notable companies like Ampeco, FintechOS, Colossyan, Giraffe360, Veridion, and Ferryhopper, with 18 exits to date, including SPLX's acquisition by Zscaler, FITE's sale to Triller, and OfficeRnD's acquisition by Blue Star.
LAUNCHub Ventures plans to make around 25 early-stage investments over a period of five years with initial ticket sizes ranging from €300k to €3 million.
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