Movens Capital launches €12.7 million fund for early-stage CEE startups
Summary
Movens Capital has launched a €12.7 million fund for early-stage, CEE startups (in Bulgaria, Czech Republic, Estonia, Hungary, Lithuania, Latvia, Poland, Romania, Slovenia, Slovakia), that have global potential. The firm believes that machine learning and artificial intelligence will change the way large industries operate and CEE technological talent supported by good financing and strong links with Western VC funds have potential to build innovative international ventures. His business partner Michał Olszewski has many years of experience in the commercialization of innovation, specializing in projects in the fintech industry. Ramon Jimenez, an experienced venture partner in the Silicon Valley, has been introducing European technology companies to the US market for many years along with Przemek Jurgiel-Żyła, who was responsible for business development in Netsprint and Datarino are also both active in managing Movens’ fund. Earlier, we developed or supported companies in various sectors and business models, among others: martech (Netsprint, Adrino, Datarino, Waytogrow), marketplaces (Packhelp, iTaxi, Whitepress) fintech (Skycash, Fenige), medtech (Medicalgorithmics) or HRtech (Nais ).