LAUNCHub Ventures Secures 65 Million Euro First Close for Third Fund
Early stage venture capital firm LAUNCHub Ventures has held a 65 million euro first close for its third fund to back founders across Central and Southeast Europe.
FTMQ Startups, written by our newsroom0 views
Early stage venture capital firm LAUNCHub Ventures has secured a 65 million euro first close for its Fund III, Pulse 2.0 reported. The firm is targeting a final pool of more than 75 million euros to invest in technology companies. [1]
The firm plans to make initial lead investments ranging from 300,000 euros to 3 million euros, according to Pulse 2.0. These checks will be directed into companies at the pre-seed stage. [1]
Pulse 2.0 reported that the vehicle will support entrepreneurs based in Central and Southeast Europe. The strategy also includes backing founders from the diaspora of the region who are building businesses designed for international growth. [1]
Venture capital firms provide financing to early stage and emerging startups in exchange for equity ownership stakes, Wikipedia notes. These investments carry significant risk due to the high uncertainty and failure rates that early stage companies face. [1][6]
In short
- LAUNCHub Ventures reached a 65 million euro first close for Fund III.
- The target size for LAUNCHub's third fund is over 75 million euros.
- The fund will invest between 300,000 euros and 3 million euros in pre-seed stage startups.
- The capital is earmarked for founders in Central and Southeast Europe and its diaspora.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]LAUNCHub Ventures Raises €65 Million First Close For Fund IIIPulse 2.0, 1h ago (the report this story comes from)
- [2]Endeavor Catalyst Closes $320 Million Fund VCairoScene, 19h ago
- [3]Exclusive | Startup Raises $10.15 Million For Anode-Free, China-Free Sodium BatteryWSJ, 5h ago
- [4]SignSplit Raises $400 Million From W Group At $1 Billion Valuationhttps://ascendants.in/, 1d ago
Background
- [5]Scott Bessent on Wikipedia
- [6]Venture capital on Wikipedia
Our newsroom writes these reports with the help of software, from the 6 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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- Forbion Raises Record 2.3 Billion Euros Across Two Venture FundsVenture Capital, 5d ago
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- Endeavor Catalyst closes fifth fund with 320 million dollarsTop Stories, 4d ago
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