Nation 1 launches debut fund with a target of €35m

The vehicle plans to invest in Czech startups and small and medium-sized companies in sectors such as travel, e-commerce and internet security, managing partner Marek Moravec told Unquote.

The fund plans to announce its first investment this month and aims to back a further five companies by the end of this year, Moravec said.

The fund has already raised €20m, €15m of which was committed by the European Investment Fund. It is fundraising to reach its €35m target over the next 10 months and could raise the target amount, he said.

It plans to invest tickets of up to €1.5m into around 40 companies with global ambitions.

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