UNIQA Ventures doubles investment capital to back CEE startups
Vienna-based UNIQA Ventures, the venture capital company of Austrian insurance group UNIQA, said that it is doubling its investment volume to EUR 150 million from 75 million to actively support European startups in the Series A phase and beyond with growth capital.
Around half of the investment volume will be invested in startups based in Western Europe and Central and Eastern Europe (CEE), UNIQA Ventures said last week quoted by news portal SeeNews.
"Startups in the CEE region that have a scalable business model, as well as, great exit potential and whose capital requirement is over EUR 500,000 are on the radar of the UNIQA Ventures team, which now has seven people. The investment focus here is clearly on the sectors fintech, insurtech, and digital health, which are also relevant for UNIQA," the company said.
UNIQA Ventures also said that the average investment volume is usually in the range of EUR 500,000 to EUR 5 million and is primarily for promisin g companies in the early growth phase with a proven product-market fit and already existing, relevant sales made available.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
