bne IntelliNews – Catalyst Romania launches its second venture capital fund targeting tech startups
Technology-focused venture capital firm Catalyst Romania, backed by 3TS Capital Partners, has announcement the launch of its second venture capital fund targeting TMT companies. The company raised €30 million amid strong interest from institutional and individual investors.
This is the first second-generation venture capital fund in Romania’s history, which Catalyst says reflects the team’s results and experience.
“We are delighted that at the final close we have reached the maximum fund size of €50m, which is a testament to our excellent results with the first fund… We will be focusing in particular on the sector technology, where our country has significant competitive advantages and great potential,” said Marius Ghenea, manager of Catalyst II GP S.à.rl.
Catalyst Romania Fund II will continue to focus on technology companies that have already launched products in their target markets and have experienced management teams.
During the initial investment period, the fund plans to provide between 1 and 3 million euros to 16 Romanian companies to support their growth objectives and international expansion plans.
Catalyst Romania Fund II was created with the support of the European Investment Fund (EIF), as an anchor investor, with capital from JEREMIE Romania Reflows and the EU’s InnovFin program, as well as LP contributions from many other investors.
Catalyst Romania Fund II has already invested in two companies and three others are in the due diligence phase.
The first investment, Seedblink, is a next-generation crowdfunding platform and the second investment, Code of Talent, is a leading micro-learning solution dedicated to employee training. The fund has already built a strong pipeline and the team believes in the continued availability of excellent investment opportunities from the growing start-up ecosystem in Romania and the region.
Initially sponsored by 3TS Capital Partners, Catalyst Romania’s current and past funds now total over €40 million. Investors include EIF, Banca Transilvania and other institutional and private investors.