Warsaw-based ffVC announces €60 million fund for Series A and late Seed investments in Central European startups
Summary
These require startups to reach for an even higher level of innovation in areas including supply chain management, energy shortages, inflation control, and reducing carbon emissions to meet climate crisis targets. Central European startups are in a unique position to leverage the expertise and skill set necessary to excel in these technologies, but they often lag behind their global peers in terms of access to capital and international exposure. With its presence on the ground on both sides of the Atlantic and track record of building bridges, ffVC was the standout choice of partner to build this new connection between Europe and Japan that will make optimal use of opportunities in both regions.” In 2020, ffVC launched its first CEE-focused fund and has so far built a portfolio of nearly 20 European companies, becoming the first US VC to open its first European office outside of London. The current fund announced today, its second in Europe, will focus on startups from seven countries: Germany, Austria, Poland, Czechia, Slovakia, Romania and Hungary. Founded in New York in 2008, ffVC has created a global portfolio of more than 90 companies that have generated over $15 billion of enterprise value to date, including over 30 exits.