LauncHub Ventures raising new €70m fund

The new fund will target companies in south-eastern Europe, particularly Bulgaria, Romania, Slovenia, Croatia and Serbia, and is focusing on IT companies, Iliev said.

LauncHub Ventures aims to invest €1-1.5m in series-A or pre-series-A investment in startups – larger than its previous two funds have made, he said.

The new fund has €25m committed to date and hopes to close in Q1 or Q2 next year, Iliev said.

LauncHub Ventures' portfolio companies operate in the fields of software-as-a-service, enterprise software, health technology, e-commerce, mobile and Internet of Things (IoT).

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