Budapest-based Lead Ventures has announced a €100m final close of its second fund. With the fresh money, the VC plans to back late seed and Series A startups from central and eastern Europe (CEE).
This is one of the largest funds recently raised in the region, next to OTB Ventures’ $185m and Inovo’s €105m.
Where will the money go?
Lead Ventures invests in late seed and Series A startups, whose products and services have already been validated in the market and require substantial capital for growth. Its tickets range from €2m-€10m. It invests in startups across various sectors, including mobility, energy, fintech and other B2B software verticals. It’ll look for opportunities across the CEE region.
What’s Lead Ventures’ track record?
With its first fund, Lead Ventures invested in Slovakia’s CloudTalk, a call center software provider, Hungary’s e-commerce messaging platform Recart, and Czech AI traffic analytics platform GoodVision. Its successful exits include Hungary’s biggest exit of AiMotive, an autonomous vehicles technology and Amodo, an insurtech. It’s coinvested alongside some of the region’s top VCs, such as Credo and Point9 Capital.
Who are Lead Ventures’ LPs?
The main LPs include Hungary’s oil and gas giant MOL Group and the National Capital Holding, a Hungarian development fund.
