Targeting investments in technology companies, Catalyst Romania has announced the closing of its second venture capital fund. On the back of strong demand from institutional and private investors, the original target of €40 million was substantially exceeded and the fund reached its hard cap of €50 million.
The second-generation venture fund in Romania will continue focusing on early-stage technology companies and make investments of €1-3 million to high-potential technology SMEs from Romania and South Eastern Europe.
Since its first closing in November 2020, it has invested in two companies and three more are in the due diligence phase. The first investment was in Seedblink, which is a next generation crowd-investing platform. Its second investment was in Code of Talent, a leading micro-learning solution dedicated to employee training.
Marius Ghenea, managing director in Catalyst II said: “With the final closing at €50 million, we have reached the maximum fund size. This is a testimony to our excellent results with the first fund and a confirmation of our proven investment strategy. We will focus in particular in the technology sector, where our country has significant competitive advantages and great potential.”
The fund was established with support of the European Investment Fund (EIF) as the cornerstone investor along with participation from JEREMIE Romania Reflows, EU’s InnovFin Program, and from LP contributions of many other investors.