Warsaw’s OTB Ventures launches €50.5 million CEE region focused growth fund

OTB Ventures has announced the launch of a new growth stage fund totaling €50.5 million. Through this fund, OTB Ventures plans a number of follow on investments in portfolio companies. The typical ticket size for the Warsaw-based firm ranges from $1 million to $15 million, with a focus on cybersecurity, space, fintech, and automation startups. According to the company's ethos, "Our prime requirement for investment is a link with the CEE region. We look for businesses either based in the region or with a strong regional footprint." Founded in 2017 by Adam Niewinski and Marcin Hejka, OTB Ventures has raised $160 million to date. OTB's recent investments include participation in the Draper Esprit led $60 million Series B funding round in FintechOS (now based in London, but founded in Romania). They also jumped aboard the True Ventures led $87 million Series C round for Finland’s spacetech startup ICEYE. Additional OTB Investments include Shanghai-based, Poland-founded Cosmose, New York-based SpaceKnow, San Francisco-based Scalarr, Singapore-based Silent Eight, London-based Ondato, Bratislava-based Minit, and Amsterdam-based Segron. The fund also has an exit in the books via Cisco's acquisition of BabbleLabs. The fund is backed by the European Scale-up Action for Risk capital (ESCALAR) programme, a joint initiative from the EIF and European Commission. “OTB Ventures today takes a significant step forward on our mission of enabling the start-up ecosystem of Central and Eastern Europe to achieve its global potential,” commented OTB Ventures’ Marcin Hejka. Photo by Iwona Castiello d'Antonio on Unsplash
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