Zero One Hundred, a venture capital firm focusing on making CEE investments, is looking to start its second venture fund for making CEE startup investments. It's targeting a close of around 1.5 billion crowns (€60 million), according to the Czech tech webzine, Czechcrunch.
The firm's earlier vintage apparently raised 560 million crowns (€23 million). So far, it's mainly Czech and Slovakian startups including Reado, a sales predictions portal for real estate, and Simplicity, a municipal web communication portal that's been adopted by municipal authorities in New York and Miami.
With this second fund, Zero One Hundred is looking to broaden its remit. It will generally invest in early stage rounds, at seed and series A, but will also provide LP funds to other central European venture investors. Bets from these funds could permit Zero One to take a wider view on the regional ecosystem.
Zero One Hundred is led by its investment partners Michael Csonga, Vít Hanuš and Dušan Duffek. Csonga said he was convinced Slovakia/Czech Republic, along with the wider CEE region, possessed some of the "best technological talents in the world."
"We are ready to help these startups and developers grow and gain the attention of the rest of the world," Csonga added.