Demium launches a fund investing in startups in Central Europe
The new Demium Central Europe Talent Fund I FCRE will develop projects at the pre-seed and seed stages. This was reported in the fund team.
- The fund plans to announce a first agreement of €7-9m in July and a second closing of €30-40m in September.
- The company already has experience investing in Poland and Ukraine since 2019, where its incubation hubs are also located. The portfolio of startups invested by the first Think Bigger Fund I already consists of 12 companies.
“With our first fund, we have already invested in European companies, but this new fund will be dedicated exclusively to promoting innovation in Central Europe. With it, we want to demonstrate our commitment to the economic development of countries such as Ukraine, Poland, the Czech Republic, Hungary or Romania. We hope to offer our investors above market returns by leveraging our position and competitive advantage in this territory,” says Monte Davis, CEO of Demium.
Demium is a talent investment company founded in Spain in 2013. The group is represented in five countries: Spain, Portugal, Poland, the Czech Republic and Ukraine. Thanks to the Ukrainian incubator, such Ukrainian startups as Recoshelf, Electronic KYC, DrugCard, Beholder, Max Game Value and others have appeared.
