LAUNCHub Venture, a Sofia-based early-stage VC, which concentrates on digital startups in the wider Southeastern Europe region, completed the first closing of its new fund at €44M, whose target is €70M. The Bulgarian company expects to reach the target by the second quarter of this year.
Plans to help 25 startups
With the latest funding, LAUNCHub plans to invest in 25 startups, in the next four years. The initial investment will range between €500K and €2M in verticals such as B2B SaaS, Fintech, Proptech, Big Data, AI, Marketplaces, Digital Health, Web 3.0, and Blockchain.